Coronavirus
Fed Sees Moderate Growth With Virus Causing Slowdowns
The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where coronavirus cases are particularly high, according to a Federal Reserve report.
Congestion, Slowdown at Ports Cause Growing Concern
Many of the nation’s ports, especially on the West Coast, are reporting long delays to unload cargo ships, and warehouses near those facilities are filled as the supply chains are overloaded with goods.
Coronavirus Likely Altered Supply Chains Permanently, XPO’s Chowdhury Says
Supply chains have changed dramatically to adapt to the coronavirus, but many of those changes may outlast the pandemic.
DOT Makes Preparations Ahead of COVID-19 Vaccine Transport
USDOT announced Dec. 1 that it has taken regulatory measures to facilitate the safe and rapid transport of the much-anticipated COVID-19 vaccine.
US Factory Gauge Eases From Two-Year High as Employment Cools
U.S. manufacturing expanded at a slower pace in November, easing back from the strongest reading in two years as orders, employment and production cooled.
Bipartisan Senate Group Pitching $908 Billion Stimulus Plan
A bipartisan group of lawmakers in the House and Senate unveiled a $908 billion stimulus proposal Dec. 1 in an effort to break a monthslong impasse that is threatening to tip the economy back into contraction.
December 1, 2020Chicago Mayor’s Budget Plan, Including Fuel Tax Hike, Is Approved
The Chicago City Council has voted to approve Mayor Lori Lightfoot’s 2021 budget proposal, which includes a fuel tax increase.
Air Travel Rises to Post-Pandemic High Despite US Warning
U.S. air travelers rose to the most in more than eight months as flyers brushed aside the advice of public health officials to avoid trips around the Thanksgiving holiday.
OPEC+ Meets to Seek Compromise on Plan to Delay Output Hike
OPEC+ began two days of potentially complicated talks to hash out the size of its oil-production cuts next year, with the group’s president calling for caution in a fragile market.
November 30, 2020Truck Drivers Could Be Among Earliest to Get COVID-19 Vaccine
Truck drivers and other workers in critical and essential jobs could be among the earliest people to receive COVID-19 vaccinations.