Government, Business

Economists Eye Possible Recession Caused by Coronavirus

Economists and other experts who watch the U.S. economy on a minute-by-minute basis are now suggesting, some loudly, that the nation is lurching towards a recession, as the coronavirus damages the economy.

Dan Ronan | Associate News Editor
March 15, 2020
Government, Business, Fuel

Trump Orders US to Stock Up Oil Reserve After Price Crash

President Trump holds March 13 press conference Scene from March 13 press conference at the White House. (Evan Vucci/AP)

President Donald Trump ordered U.S. energy officials to purchase “large amounts” of oil to fill up the nation’s emergency reserve after the biggest price crash in a generation.

March 14, 2020
Government, Business

US Will Extend Virus Travel Restrictions to UK, Ireland

President Trump at March 14 news conference President Trump speaks at a March 14 press conference in the White House briefing room. (Alex Brandon/AP)

President Donald Trump announced March 14 that the United States will broaden its European travel ban, adding Britain and Ireland to its list, and was considering imposing restrictions on travel within the U.S. to areas hit hard by the coronavirus spread

March 14, 2020
Government, Business

House Passes Coronavirus Plan With Two-Week Paid Sick Leave, Free Testing

House Speaker Nancy Pelosi House Speaker Nancy Pelosi at a March 13 press conference. (Sarah Silbiger/Bloomberg News)

The United States House of Representatives passed a legislative package meant to provide relief to people who need assistance during the coronavirus outbreak.

Eleanor Lamb | Staff Reporter
March 14, 2020
Government, Business, Safety, Breaking News

FMCSA Issues HOS Relief for Coronavirus Assistance

HOS Trucks on the road. (John Sommers II for Transport Topics)

The Federal Motor Carrier Safety Administration has relaxed certain hours-of-service regulations for motor carriers involved in coronavirus-related relief efforts.

Eleanor Lamb | Staff Reporter
March 14, 2020
Government, Business, Safety

FMCSA Postpones Truck Safety Summit Over Coronavirus

Dan Knight of FedEx Freight inspects his truck Dan Knight of FedEx Freight inspects a truck during pre-trip inspection competition at the 2019 National Truck Driving Championships. (John Sommers II for Transport Topics)

The Federal Motor Carrier Safety Administration is postponing its Truck Safety Summit due to coronavirus-related concerns.

Eleanor Lamb | Staff Reporter
March 13, 2020
Business, Equipment

Trailer Orders Lowest for Any February Since 2009

Trailer being made at Great Dane A trailer body in production at a Great Dane manufacturing plant. (Great Dane via YouTube)

U.S. trailer orders in February weakened to land below 13,000 as the coronavirus threatened to erode demand further, ACT Research reported.

Roger Gilroy | Senior Reporter
March 13, 2020
Government, Business, Safety

Trump Declares National Emergency to Speed Virus Response

President Trump President Trump at March 13 press conference. (The White House via YouTube)

WASHINGTON — President Donald Trump on March 13 declared the coronavirus pandemic a national emergency, as Washington struggles with providing Americans with relief and officials race to slow the spread of the outbreak.

March 13, 2020
Business, Fuel

Texas Shale Heartland Rattled by Coronavirus, Oil Price War

Permian A Diamondback Energy Inc. oil rig in Midland, Texas. (Callaghan O'Hare/Bloomberg News)

Just a week ago, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world’s largest shale oil patch seemed oddly calm, almost relieved.

March 13, 2020
Business, Safety, Logistics

Trucking Not Immune From Worries Over COVID-19

Empty loading dock John Sommers II for Transport Topics

For fleets, COVID-19 portends worse news in a freight market that already was slowing, executives said, as businesses urge their staff to work from home and consumers withdraw from daily activities.

Roger Gilroy | Senior Reporter
March 12, 2020

Pages