Business

Managing Financial Risk During COVID

Financial records Roman Valiev/Getty Images

A financial services adviser urged trucking companies to learn as much as possible about new and existing customers’ ability to pay their bills, as navigating the post-pandemic economy will bring with it new challenges.

Connor D. Wolf | Staff Reporter
May 7, 2021
Business

Trucking Growth Expected to Be Strong Amid Recovery, Expert Says

Trucks Peggy Smith/Transport Topics

Economic recovery in the wake of the COVID-19 pandemic is putting pressure on the freight-hauling sector, and an industry expert said changes brought on by virus-related cutbacks are contributing to a tightening market that could rival earlier periods of growth.

Connor D. Wolf | Staff Reporter
May 6, 2021
Government, Business, Safety, Logistics

World’s Biggest Brands Adopt Checklist to Protect Seafarers

Since the start of the pandemic, some countries have halted or limited seafarer changes to prevent the spread of COVID-19. (Qilai Shen/Bloomberg News) Since the start of the pandemic, some countries have halted or limited seafarer changes to prevent the spread of COVID-19. (Qilai Shen/Bloomberg News)

Unilever Plc and other big retail brands are among consumer giants adopting a toolkit to audit their shipping supply chains in an effort to help bring seafarers stuck on commercial vessels back home and eliminate human rights risks.

K. Oanh Ha and Jack Wittels | Bloomberg News
May 6, 2021
Government, Business

Jobless Claims Fall More Than Forecast to Pandemic Low

A worker serves food at a restaurant on Pier 39 in San Francisco. (David Paul Morris/Bloomberg News) A worker serves food at a restaurant on Pier 39 in San Francisco. (David Paul Morris/Bloomberg News)

Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly.

May 6, 2021
Government, Business

Small Business COVID-19 PPP Runs Out of Money

President Joe Biden signs the PPP Extension Act President Joe Biden signs the PPP Extension Act of 2021 on March 30. (Evan Vucci/Associated Press)

The Small Business Administration said May 5 that the Paycheck Protection Program has been exhausted, after giving out nearly 10.8 million loans worth more than $780 billion since April 2020.

Joyce M. Rosenberg | Associated Press
May 5, 2021
Government, Business, Safety

Canadian Provinces Team With North Dakota to Vaccinate Cross-Border Truckers

Premier Brian Pallister and Gov. Doug Burgum, Manitoba Premier Brian Pallster and North Dakota Gov. Doug Burnum (on screen). (Manitoba Government via YouTube)

Leaders from North Dakota and two Canadian provinces have reached agreements to offer COVID-19 vaccinations to Canada-based truckers who cross the border to deliver goods.

Eleanor Lamb | Staff Reporter
May 4, 2021
Business, Fuel

Exxon Posts $2.7 Billion Quarterly Profit After Unprecedented Year

Exxon station Richard Drew/Associated Press

NEW YORK — ExxonMobil reported profits of $2.73 billion in the first quarter, after a tumultuous year led to major spending reductions.

Cathy Bussewitz | Associated Press
April 30, 2021
Government, Business, Fuel

Oil Climbs With US Demand Bump Driving Global Rebound Optimism

Thick black oil sits on the pipe work fitting of an oil pumping jack. (Andrey Rudakov/Bloomberg News) Thick black oil sits on the pipe work fitting of an oil pumping jack. (Andrey Rudakov/Bloomberg News)

Oil advanced to the highest intraday level in more than a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global consumption.

Andres Guerra Luz | Bloomberg News
April 28, 2021
Government, Business

DHS Extends Real ID Enforcement to May of 2023

Sample copy of a Washington drivers license Sample copy of a Washington driver/s license. (Ted S. Warren/Associated Press)

The Department of Homeland Security is extending the Real ID full enforcement date by 19 months, from October 1, 2021 to May 3, 2023, due to circumstances resulting from the ongoing COVID-19 pandemic.

Eric Miller | Senior Reporter
April 28, 2021
Government, Business, Logistics

Biden’s Postal Board Nominees Say Restoring Service Is Vital

Standing from left, Kiran Ahuja, Anton Hajjar, Amber McReynolds, and Ronald Stroman are sworn in on April 22. Standing from left, Kiran Ahuja, nominee to be Office of Personnel Management Director, and the nominees for Postal Service Governors Anton Hajjar, Amber McReynolds, and Ronald Stroman, are sworn in on April 22. (Andrew Harnik/Associated Press)

President Joe Biden’s nominees to the governing board of the U.S. Postal Service pledged April 22 to rebuild trust with the American public through prompt deliveries, as they outlined a vison for the agency in their first formal statements to lawmakers.

Anthony Izaguirre | Associated Press
April 22, 2021

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