Government, Business, Technology, Autonomous

BMW Fourth-Quarter Profit Increases on Luxury-Car Sales

BMW The BMW logo is displayed on the rear of a 2020 BMW X2 xDrive 28i at the Pittsburgh International Auto Show on Feb.13, 2020. (Gene J. Puskar/Associated Press)

BMW AG finished 2019 with an increase in automotive profit on rising luxury-car sales as the German manufacturer faces a year mired in concerns over the coronavirus outbreak that threatens to shut down global supply chains.

Oliver Sachgau | Bloomberg News
March 12, 2020
Government, Business, Technology, Equipment, Fuel

China Auto Sales Plunge in February

Attendees at BYD at the Auto Shanghai 2019 Attendees look at cars from BYD at the Auto Shanghai 2019 show in Shanghai on April 16, 2019. China’s auto sales plunged 81.7% year-over-year in February 2020. (Ng Han Guan/Associated Press)

BEIJING — China’s auto sales plunged 81.7% in February from a year ago after much of the economy was shut down to fight a virus outbreak, an industry group reported March 12.

Joe McDonald | Associated Press
March 12, 2020

Washington Trucking Community Proceeds With Caution Amid Coronavirus Outbreak

Port of Seattle A Washington state ferry sails on a foggy day near cranes at the Port of Seattle. (Ted S. Warren/AP)

Sheri Call, executive vice president of Washington Trucking Associations, said her members are experiencing a slowdown because of COVID-19’s impact on trade with China.

Eleanor Lamb | Staff Reporter
March 12, 2020
Government, Business

Trading Halted After Stocks Plunge 7% at Open

Trader Michael Gallucci Trader Michael Gallucci works at his post on the floor of the New York Stock Exchange on March 11, 2020. (Richard Drew/Associated Press)

NEW YORK— The S&P 500 dropped about 7% within the first few minutes of trading March 12, steep enough to trigger an automatic halt to trading on the New York Stock Exchange.

March 12, 2020
Business, Logistics

Supply Chain Disruptions Rise Due to Virus

Containership at Xiamen, China A containership at the Haitian Container Terminal in Xiamen, China, on Aug. 26. (Qilai Shen/Bloomberg News)

The coronavirus is having a growing impact on supply chains, according to a new survey by the Institute for Supply Management in a report the Tempe, Ariz.-based nonprofit released March 11.

Dan Ronan | Senior Reporter
March 12, 2020
Government, Business, Logistics

Cargo Not Affected as Trump Suspends Travel From Europe to US

President Trump addresses the nation March 11 Trump addresses the nation March 11 from the Oval Office. (Doug Mills, New York Times via AP pool)

WASHINGTON — Taking drastic action March 11, President Donald Trump announced he is cutting off travel from Europe to the U.S. and moving to ease the economic cost of a viral pandemic that is roiling global financial markets and disrupting the daily lives of Americans. Restrictions won't apply to cargo.

March 11, 2020
Business, Safety

N.Y. Auto Show Likely to Be Delayed to August Because of Virus

2019 Mazda CX-5 The 2019 Mazda CX-5 is shown at the New York Auto Show on April 17, 2019. (Mark Lennihan/Associated Press)

The annual New York auto show probably will be pushed back to August from April due to the coronavirus.

Ed Ludlow | Bloomberg News
March 10, 2020
Business, Logistics

Ports Post Volume Declines Over Coronavirus Fears

Trucks at the Port of Los Angeles Trucks await entry at the Port of Los Angeles. (Patrick T. Fallon/Bloomberg News)

Newly released figures from some of the nation’s major ports show cargo volumes are slumping as they struggle to recover from the U.S.-China trade war and now the steep downturn in factory output from China in the aftermath of the coronavirus outbreak.

Dan Ronan | Senior Reporter
March 10, 2020
Government, Business, Safety

USDOT Active in Response to Coronavirus, Joel Szabat Tells Senators

Joel Szabat Joel Szabat, shown testifying at a House hearing in September, told a Senate panel March 4 fighting the coronavirus will require "the efforts of all levels of government." (House Transportation & Infrastructure Committee via YouTube)

Transportation officials’ supporting role to the COVID-19 outbreak includes daily coordination with aviation industry stakeholders, foreign counterparts and federal agencies, DOT official Joel Szabat told a Senate panel March 4. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.

Eugene Mulero | Senior Reporter
March 9, 2020
Government, Business

House Democrats to Map Out Economic Response to Virus Outbreak

Empty business class Business class seats remain empty just prior to takeoff on a United Airlines flight from San Francisco to Tokyo on March 7. (David J. Phillip/AP)

House Speaker Nancy Pelosi plans to meet with top Democrats on March 9 to begin drawing up a response to the economic disruption caused by the coronavirus outbreak, which already is threatening to stall growth.

Erik Wasson | Bloomberg News
March 9, 2020