Coronavirus
SCDOT Projects Losing Millions in Revenue Because of COVID-19
The South Carolina Department of Transportation is projecting to lose millions of dollars in revenue because of the COVID-19 pandemic’s impact on motor fuel taxes and car sales taxes, according to transportation officials.
House, Senate Lawmakers Propose Essential Workers Fund
Legislation that would compensate essential workers who became ill or died from COVID-19 while performing their services was recently introduced by Senate Democrats.
Steny Hoyer Says House, Senate Close on PPP Loan Extension
House Majority Leader Steny Hoyer said the House and Senate should be able to quickly agree on changes to the Small Business Administration’s popular Paycheck Protection Program to give loan recipients more flexibility in using funds.
Oil Rallies With Producers Showing Confidence by Hiking Prices
Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing.
FMCSA to Immediately Expand Remote Carrier Compliance Reviews During Pandemic
The Federal Motor Carrier Safety Administration has announced plans to immediately expand the use of remote motor carrier safety compliance reviews during the COVID-19 pandemic.
Bell Rings Again at New York Stock Exchange as Floor Reopens
The trading floor of the New York Stock Exchange reopened for the first time in two months with Gov. Andrew Cuomo ringing the iconic bell, but the controlled chaos was more subdued May 26 under new pandemic rules.
Last-Mile Delivery Fleets Navigate Challenges of COVID-19 Pandemic
Last-mile fleets such as FedEx, Amazon, XPO and UPS have been dealing with a spike in demand while also implementing safety protocols to protect employees and customers.
Hertz Files for Bankruptcy After Rental Car Demand Vanishes
Hertz Global Holdings Inc., the rental car company founded with a dozen Ford Model Ts more than a century ago, filed for bankruptcy late May 22 after sweeping travel restrictions and the global economic collapse destroyed demand for its vehicles.
Agriculture Supply Chain Upended by Virus, Expert Says
Disruptions to the food supply chain brought on by the coronavirus pandemic extend to farmers and their products, according to Andrew Novakovic, a professor of agricultural economics at Cornell University.
Despite Lower Gas Prices, AAA Expects Fewer Travelers This Memorial Day Weekend
The coronavirus pandemic has undermined road travel data, but anecdotal information points to fewer drivers likely to take to the road for Memorial Day weekend, AAA announced.