Coronavirus
Jobless Claims Decline More Than Forecast in Week Ending Oct. 24
Applications for U.S. state unemployment benefits fell more than forecast last week, suggesting the labor market remains on the path of gradual improvement — while still far from its pre-pandemic health.
US Economy Expands at Record 33.1% Pace After COVID Plunge
The U.S. economy bounced back with a record yet temporary surge of growth in the third quarter as businesses reopened and stimulus cash powered consumer spending — reversing much of the collapse stemming from coronavirus lockdowns.
COVID-19 Relief Aid Package Still in Negotiations
Congressional leaders and the White House have yet to reconcile differences on COVID-19 emergency aid proposals.
Norfolk Southern Q3 Net Income Down; Revenue From Coal Shipments Plummets
Norfolk Southern Corp. carried 7% less freight in the third quarter, but the Class I railroad still beat Wall Street expectations when it reported third-quarter earnings Oct. 28.
Amazon, FedEx, UPS Boost US Warehouse Jobs Amid Online Boom
Warehouse operators across the U.S. are rushing to hire workers amid a boom in online sales, a bright spot for a labor market that faces mounting challenges.
Stimulus Hope on Hold Until After Election as Senate Leaves
U.S. senators departed the Capitol for a pre-election break Oct. 26, making the logistics for passing a fiscal stimulus package by Nov. 3 practically impossible, leaving the economy more vulnerable to damage from a resurgent coronavirus pandemic.
ATA’s Chris Spear Commends Truckers, Discusses Pressing Issues During Virtual Address
American Trucking Associations President Chris Spear praised the industry’s ability to rise to the occasion at the virtual Management Conference & Exhibition.
Oil Slumps Below $39 on Surging Virus and Libya Restart
Oil extended its slide to a second day on a cocktail of surging coronavirus cases in the U.S. and Europe, dwindling prospects for pre-election stimulus in Washington and a steady resumption of supply from Libya.
Pelosi, Mnuchin Trade Blame as Stimulus Negotiations Stall
U.S. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin Oct. 23 put the onus on each other to re-energize flagging stimulus talks as prospects for action on virus relief legislation before the election are fading fast.
October 23, 2020Rep. James Clyburn Presses Cargo Carriers on COVID-19 Relief Aid
Rep. James Clyburn (D-S.C.), chairman of the Select Subcommittee on the Coronavirus Crisis, called on four cargo airlines to return pandemic relief aid.