Coronavirus
Governors Ask Trump to Waive Biofuel Quotas Amid Pandemic
Five American governors are asking the Trump administration to waive U.S. biofuel-blending requirements, arguing the cost of complying with the mandates on top of coronavirus-spurred lockdowns pose a “severe economic harm” to the country.
Airlines Plunge After United Warns of ‘Essentially Zero’ Demand
U.S. airlines sank after United Airlines Holdings Inc. said travel demand was “essentially zero,” with no sign of improvement in the near term.
April 16, 2020Trump Praises Trucking Industry’s Pandemic Response at White House Event
President Donald Trump commended America’s truckers for their dedication while serving as essential workers on the front lines of the coronavirus pandemic during a presentation at the White House April 16.
Crunch Time Coming for World’s Supply Chains
COVID-19 is about to put the global trading system through its most dramatic stress test since World War II, with supply lines for essential food and medical goods entering a critical phase as the pandemic peaks in the U.S. and Europe.
Record 22 Million Have Sought US Jobless Aid Since Virus
The wave of layoffs that has engulfed the U.S. economy since the coronavirus struck forced 5.2 million more people to seek unemployment benefits last week, the government reported April 16.
Virus Causing Disruptions at Europe’s Largest Port
The coronavirus is set to further damage trade in the coming months, threatening supply chains and causing oil inventories to swell, according to the head of Europe’s largest port, Rotterdam.
Oil Drops to 18-Year Low on Record Demand Collapse
Oil plunged to the lowest in two decades amid a record collapse in U.S. fuel demand and the biggest-ever weekly build in domestic crude supplies.
Feds Lean on Carriers in Fight Against the Coronavirus
Trucking companies are diligently working with the federal government in an effort to defeat the coronavirus.
Experts See Steep Declines for Q2
The U.S. gross domestic product will decline by more than 20% on an annualized basis in the second quarter as a result of the coronavirus and the economic shutdown, American Trucking Associations’ chief economist forecasts.
Some Truck Makers Look to Restart in April
Schedules vary, but efforts to restart truck plants are stirring again as the second half of April begins.