Business, Logistics

Coronavirus Is Wreaking Havoc on Global Mail Delivery

A monitor displays a thermographic image to detect abnormal temperatures in attendees at the Singapore Airshow on Feb. 11. A monitor displays a thermographic image to detect abnormal temperatures in attendees at the Singapore Airshow on Feb. 11. (SeongJoon Cho/Bloomberg News)

In a world dominated by email and smartphones, the shipping industry still relies heavily on paper documents delivered by courier. With people unable or unwilling to travel to China because of the coronavirus, that dependence is wreaking havoc on commodities traders.

February 13, 2020
Government, Business, Fuel

Oil Holds Near $50 as OPEC+ Hesitates Despite Surplus

An oil pumping jack near Samara, Russia, in May 2019. An oil pumping jack near Samara, Russia, in May 2019. (Andrey Rudakov/Bloomberg News)

Oil held near $50 a barrel in New York on signs that OPEC and its allies probably won’t go ahead with a much-touted emergency meeting, even as a global oversupply piles up.

February 10, 2020
Business, Safety

Toyota, Honda Extend China Shutdowns as Virus Gathers Pace

Employees work on a Honda auto plant assembly line in Wuhan in November 2019. Employees work on a Honda auto plant assembly line in Wuhan in November 2019. (STR/AFP via Getty Images)

Toyota Motor Corp. and Honda Motor Co. were among carmakers extending shutdowns at their China plants as the country steps up measures to fight the deadly coronavirus.

Chester Dawson | Bloomberg News
February 7, 2020
Business

Top Steelmaker Sounds Alarm as Coronavirus Spreads

A steel stock yard on the outskirts of Shanghai, China, in July 2018. A steel stock yard on the outskirts of Shanghai, China, in July 2018. (Qilai Shen/Bloomberg News)

The most influential mills group in the world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through China’s economy, warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic.”

Krystal Chia | Bloomberg News
February 6, 2020
Business, Fuel

Coronavirus Has Oil Traders Seeking Ships to Hoard Unsold Crude

An Iranian oil tanker sits anchored off the Strait of Gibraltar in July 2019. An Iranian oil tanker sits anchored off the Strait of Gibraltar in July 2019. (Marcelo del Pozo/Bloomberg News)

Oil traders and sellers are making more inquiries for supertankers to hoard crude at sea in the latest indication of the crushing impact the coronavirus is having on demand in the world’s biggest importer.

Serene Cheong | Bloomberg News
February 5, 2020
Government, Business, Safety

Hyundai Halts South Korea Output as Coronavirus Causes Parts Shortage

Workers assemble cars on the production line of a Hyundai plant in Beijing, China, in March 2013. Workers assemble cars on the production line of a Hyundai plant in Beijing, China, in March 2013. (Tomohiro Ohsumi/Bloomberg News)

Hyundai Motor Co. is halting production in South Korea this week because of a component shortage caused by the coronavirus, the first global automaker to suspend output outside China because of the outbreak.

Kyunghee Park | Bloomberg News
February 4, 2020
Government, Business, Logistics

Factories Brace for Virus Blow Just as Demand Starts to Pick Up

(Balint Porneczi/Bloomberg News) (Balint Porneczi/Bloomberg News)

The slow improvement in global manufacturing could be about to take a pause — or worse — as firms brace for supply-chain disruptions and a blow to demand from the spread of the coronavirus.

February 3, 2020
Business, Safety

Commodity Shipping Costs Fall 99.95% After Coronavirus Slams Market

Grain is unloaded from a bulk carrier ship docked at the Port of Nantong in china in June 2018. Grain is unloaded from a bulk carrier ship docked at the Port of Nantong in China in June 2018. (Qilai Shen/Bloomberg News)

The coronavirus crisis in China has hammered many markets this month: none may have felt a bigger impact than freight, reflecting consequences for raw materials, including iron ore, that are carried by sea.

Krystal Chia | Bloomberg News
January 31, 2020
Government, Business, Safety

Coronavirus Emergency Declared; WHO Downplays Trade Impact

Doctors look at a CT scan of a patient at a hospital in Wuhan in central China's Hubei Province on Jan. 30. Doctors look at a CT scan of a patient at a hospital in Wuhan in central China's Hubei Province on Jan. 30. (Chinatopix via Associated Press)

The World Health Organization declared the coronavirus outbreak that started in China a global emergency Jan. 30 after the number of cases worldwide spiked more than tenfold in a week.

Maria Cheng and Jamey Keaten | Associated Press
January 30, 2020
Business

China’s Auto Production to Drop 15% Because of Virus, Supplier Aptiv Says

An employee uses a forklift to transport vehicle panels in a Chinese automobile plant in 2018. An employee uses a forklift to transport vehicle panels in a Chinese automobile plant in 2018. (Qilai Shen/Bloomberg News)

Automakers probably will dial back production by 15% in China this quarter after extending holiday shutdowns due to the potentially deadly coronavirus, a top supplier said.

Gabrielle Coppola | Bloomberg News
January 30, 2020

Pages