Coronavirus
FMCSA Extends Emergency Relief Declaration to Aug. 14
The Federal Motor Carrier Safety Administration again extended its emergency relief declaration for truckers directly assisting with coronavirus-related efforts, this time to Aug. 14.
Oil Falls on Signs OPEC+ Will Taper Cuts
Oil retreated before an OPEC+ committee meeting this week that may confirm the group’s intention to taper production cuts even as the coronavirus surges in many countries, including the U.S.
Southwest Says Flyer Numbers Need to Triple to Avoid Layoffs
Southwest Airlines Co. needs passenger numbers to triple by year-end if it’s going to avoid the carrier’s first ever involuntary job cuts, its chief executive officer said, even as rising coronavirus infections prompt some states to restrict travel.
Daimler May Need to Cut More Jobs Than Announced
Daimler AG will need to cut more jobs than the 15,000 previously announced, the company’s head of human resources told German news agency DPA in an interview.
Some Chinese Ports Are Jammed Again on Food Testing
Intensive testing of meat, seafood and other products for the coronavirus has tripled customs clearance times at some major Chinese ports, raising concerns the delays could ensnare global trade flows.
July 13, 2020Crude Oil Pares Weekly Decline on Optimism Over Virus Treatment
Oil rebounded as a new virus treatment showed promising results, but rising COVID-19 cases continued to weigh on the market.
Wicker, Bennet Introduce Infrastructure Bonds Bill
Legislation that would create certain “direct-pay” taxable municipal bonds as a way to finance public projects during the pandemic was recently introduced by two key senators.
Oil Refineries in Texas Grapple With COVID-19 Outbreaks
Oil refineries aren’t being spared as COVID-19 sweeps through Texas, which is setting records for new infections and hospitalizations in the U.S. almost daily.
Consumer Brands Spearheads Contactless Delivery Task Force
A task force was launched to develop standards for reducing human contact when moving freight from Class 8 vehicles to last-mile drop-offs.
Layoffs Stuck at High Level as 1.3 Million Seek Jobless Aid
More than 1.3 million Americans applied for unemployment benefits last week, a historically high pace that shows that many employers are still laying people off in the face of a resurgent coronavirus.