Coronavirus
COVID-19 Package to Go Before Senate in February, Chuck Schumer Says
A new round of COVID-19 economic relief that would include aid for hard-hit transportation systems will be up for consideration in early February, Senate Majority Leader Chuck Schumer indicated Jan. 28.
Economy Grows 4%; Transportation Services See Small Drop
The U.S. economy downshifted in the final three months of 2020 after record third-quarter growth, as the pandemic battered the labor market and limited Americans’ ability and willingness to spend.
Jobless Claims Fall by More Than Expected
Applications for U.S. state unemployment benefits fell last week, signaling that job cuts may be easing after rising in December and early January.
Remote Work, AI Impact Transportation Logistics Space
Remote work and artificial intelligence are helping to reshape the transportation logistics sector, a technology entrepreneur said Jan. 26.
Trucking Becomes More Focused on Health, Efficiency
Trucking embraced risk management and technology that drives efficiency in response to the coronavirus pandemic, industry leaders said in a panel discussion Jan. 25.
Biden ‘Open to Negotiate’ on Stimulus, Seeks GOP Backing
President Joe Biden said he’s open to reshaping his $1.9 trillion COVID-19 relief proposal as the administration seeks a bipartisan deal, though didn’t rule out pursuing a Democrat-only route for passage.
E-Commerce Shaped by COVID-19 May Become New Normal, Experts Say
The online shopping trend hastened by the COVID-19 pandemic may signal a new normal for purchasing habits and shipping services, according to Adam Colon, director of operations at J.B. Hunt Transport Services Inc.
Oil Slips With Global Viral Resurgence Highlighting Demand Risks
Oil ended a choppy session lower with worsening global coronavirus outbreaks accentuating concerns over a demand rebound.
Buttigieg Pledges to Make Transportation Systems COVID-Safe
President Joe Biden’s pick to run the Department of Transportation says he will focus on preventing the spread of COVID-19 on the nation’s transportation systems if he is confirmed by the U.S. Senate.
US Jobless Claims Fall Slightly; Remain Near 1 Million
Applications for U.S. state unemployment benefits fell only slightly the week of Jan. 11 and remained elevated, signaling heightened pandemic-related strain in the U.S. labor market just as Joe Biden begins his first days as president.