Coronavirus
China’s Air Travel Rebound Stalls on Lack of Leisure Demand
A recovery in demand for flights within China is stuck at about 45% of pre-coronavirus levels as people continue to shun leisure trips after the outbreak.
Border Restrictions Extended; Trucking Remains Exempt
The Department of Homeland Security recently extended travel restrictions that apply to the Canadian and Mexican borders to prevent the further spread of COVID-19.
Negative WTI Offers Glimpse of Future for Oil Market in Meltdown
Traders may have hoped that the April 20 collapse in U.S. oil prices below zero for the first time in history was an aberration.
Truck Tonnage Up 4.3% Year-Over-Year on Coronavirus Surge
Truck tonnage rose 4.3% year-over-year in March on gains in selected business sectors, according to American Trucking Associations.
World’s Biggest Oil Storage Firm Says Almost All Space Sold
The world’s biggest independent oil storage company has all but run out of space for crude and refined products as a result of the fast-expanding glut that COVID-19 has created.
Covenant Relocates Texarkana Terminal Operations
Covenant Transportation Group is planning to close its Texarkana, Ark., terminal and relocate operations to other facilities, the company announced April 20.
N.Y. Gov. Andrew Cuomo Calls for Federal Coordination of Supply Chain for COVID-19 Tests
New York Gov. Andrew Cuomo called for federal coordination of the supply chain to make COVID-19 testing more widely accessible to states.
Oil Plunges Below Zero for First Time in Unprecedented Fall
Of all the wild, unprecedented swings in financial markets since the coronavirus pandemic broke out, none has been more jaw-dropping than Monday’s collapse in a key segment of U.S. oil trading.
April 20, 2020Commercial Vehicle Production to Fall 20% Globally in 2020, IHS Forecasts
Global commercial vehicle production will plunge 20% this year compared with 2019, with the North American market slumping more than 30%, according to an analysis from IHS Markit.
JBS to Shut Down Minnesota Pork Plant After COVID-19 Outbreak
JBS SA, the world’s top meat company, will shutter its pork processing facility in Minnesota following an outbreak of the coronavirus, adding to concerns that slaughterhouse logjams will tighten meat supplies for consumers.