Coronavirus
US Economy, Trucking Industry Poised for Strong Recovery, Economists Predict
Economists say they expect a lot of consumer spending coming out of the pandemic. (Kyryl Gorlov/Getty Images)
Economists predict the United States economy broadly and the trucking economy specifically are poised for a rocket-like recovery in the second half of 2021, propelled by $1.9 trillion in federal stimulus and millions of Americans who will receive COVID-19 vaccinations and return to restaurants, ballparks and theaters.
March 18, 2021US Jobless Claims Unexpectedly Increase to One-Month High
A worker sands wood components for billiard tables at a factory in Indiana. (Luke Sharrett/Bloomberg News)
Applications for U.S. jobless benefits unexpectedly rose last week, to the highest since mid-February, underscoring how the labor market is recovering in fits and starts.
March 18, 2021Amazon Closes Canadian Facility Hit by COVID
Amazon Prime semi-trailers at a fulfillment center in Baltimore, Md. (Andrew Harrer/Bloomberg News)
Amazon .com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising COVID-19 cases inside the complex.
March 12, 2021Transportation Aid Included in COVID-19 Relief Bill
PPE for the transit industry was included in the bill. (andresr/Getty Images)
Aid for transportation programs around the country was approved as part of the nearly $2 trillion COVID-19 relief package signed by President Joe Biden on March 11.
March 11, 2021Congress OKs $1.9 Trillion COVID Relief Bill
President Joe Biden signs the $1.9 trillion COVID-19 relief bill on March 11. (Doug Mills/New York Times via Bloomberg News)
WASHINGTON — The United States Congress has approved a landmark $1.9 trillion COVID-19 relief bill that takes aim at twin pandemic and economic crises that have upended the nation for the better part of a year. The package, which includes funding for transportation corridors, was signed into law by President Joe Biden on March 11.
March 10, 2021Giant Oil Tankers Are Losing Almost $7,000 a Day Amid OPEC Cuts
An oil and chemical tanker sits at the Port of Corpus Christi in Texas on Feb. 19. (Eddie Seal/Bloomberg News)
Times are getting tougher by the day for oil tanker owners.
March 9, 2021Trucking Groups Ask to Make Truck Stops Vaccination Sites
BackyardProduction/Getty Images
A coalition of trucking groups has issued a letter urging the Centers for Disease Control and Prevention to designate truck stops and travel plazas as COVID-19 vaccination sites.
March 9, 2021Traffic Volumes Continue to Climb Amid Pandemic
New York City traffic from Brooklyn crosses the Williamsburg Bridge to enter Manhattan in March of 2019. (Mary Altaffer/Associated Press)
Traffic levels related to freight movement generally have fared better than levels associated with other modes of transportation during the COVID-19 pandemic, but future travel trends remain hard to predict.
March 8, 2021Biden’s Giant Stimulus to Easily Pass House, Democrats Say
President Joe Biden gestures while Vice President Kamala Harris stands behind him. (Shawn Thew/EPA/Bloomberg News)
President Joe Biden’s $1.9 trillion package will sail through the House when it takes up the bill on March 9, according to Democratic lawmakers and aides, even after proposals that progressives championed were scaled back.
March 8, 2021Senate OKs $1.9 Trillion COVID-19 Relief Package
Senate Majority Leader Chuck Schumer (D-N.Y.) celebrates after the Senate narrowly approved the $1.9 trillion relief package March 6. (J. Scott Applewhite/Associated Press)
The U.S. Senate passed a sweeping $1.9 trillion COVID-19 relief bill March 6 that includes billions for vaccines, $1,400 direct payments to many Americans and billions for transit.
March 7, 2021