Coronavirus
Automakers Seek Assistance After Trump Says He’ll Help Industry
Automakers and parts suppliers both asked lawmakers for stimulus measures to help the U.S. car industry cope with the coronavirus, with President Donald Trump signaling he’s willing to assist the sector.
US-Mexico Border to Close; Trade Will Keep Moving
Following similar action along the Canadian border, the White House has closed the United States’ border with Mexico to nonessential traffic, but is exempting trade and commerce from the ban.
Tesla Suspends More Production; Elon Musk Says He’s Working on Ventilators
Tesla Inc. announced March 19 that it would suspend most production and close its factories in Buffalo, N.Y., and California due to the coronavirus pandemic.
Tire Makers Take Unprecedented Temporary Shutdown Action
Leading tire makers serving the North American commercial vehicle market reported, separately, they have paused production, while warehouse and distribution operations continue. All manufacturers cited the COVID-19 crisis and a steep decline in demand.
A COVID-19 Supply Chain Shock Born in China Is Going Global
The world’s supply chains are facing a root-to-branch shutdown unlike any seen in modern peacetime as efforts to contain the coronavirus outbreak hit everything from copper mines in Peru to ball bearing makers in Germany’s industrial heartland.
March 20, 2020Oil Has Best Day Ever After Trump Hints at Role in Price War
Oil surged the most ever in New York as the U.S. president said he could get involved in the standoff between Saudi Arabia and Russia that has rocked crude markets.
March 19, 2020Economists Warn of Coronavirus Impact on Business
Economists are warning that the sudden halt of business activity in the United States caused by the COVID-19 virus will take a serious toll on the economy in the months ahead, and may send the country into a recession.
US Warns Americans Against All Overseas Travel
The Trump administration has upgraded its already dire warning to Americans against all international travel as the coronavirus outbreak spreads.
Congress Prepares $1 Trillion Emergency Aid Package
Congressional leaders announced efforts to draft an economic stimulus package of up to $1 trillion meant to assist portions of the transportation sector, the supply chain and consumers anticipating financial turmoil as a result of the coronavirus pandemic.
Truck Stops, Travel Centers Open During Coronavirus Crisis
Most travel centers and truck stops nationwide are remaining open during the coronavirus pandemic but operate with restrictions ranging from disallowing sit-down food service to practicing social distancing precautions.