Coronavirus
Tesla Plans No-Pay Furloughs, Salary Cuts While Plants Idled
Tesla Inc. will furlough noncritical employees without pay and temporarily cut executive salaries as much as 30% to conserve cash while the coronavirus pandemic forces the shutdown of much of its operations.
April 8, 2020Driver Health Becomes Paramount During Coronavirus Outbreak
Trucking companies are doing a lot to keep their drivers safe and healthy even as the coronavirus pandemic has caused notable disruptions throughout the economy as the number of infected continues to climb.
GM Secures $490 Million US Contract to Make Ventilators
The U.S awarded General Motors Co. and its partner Ventec Life Systems a $489.4 million contract to make 30,000 ventilators by the end of August, finalizing a deal that briefly was a point of contention for President Donald Trump.
Activity at US Ports Plummets as Coronavirus Slows World Economy
Activity at ports tracked by the Global Port Tracker fell in February to the lowest level in five years.
NTDC Canceled Because of Coronavirus Concerns
American Trucking Associations’ National Truck Driving Championships and National Step Van Driving Championships have been canceled due to coronavirus-related concerns. But states remain free to make independent decisions about their own events.
UPS Manages Airlift of Health Care Supplies for FEMA
UPS launched a two-week operation to run 25 cargo flights carrying masks, gloves, surgical gowns and other equipment for the health care industry under the federal government’s Project Airbridge.
March Class 8 Orders Drop to Recessionary Levels
Orders for North American Class 8 vehicles in March fell below 8,000, ACT Research reported, as already weak freight demand collided with the spreading coronavirus.
FedEx CEO Fred Smith Takes 91% Cut in Salary for Six Months
FedEx Corp. said Chairman and CEO Fred Smith is taking a salary cut, effective April 1, from $115,402 per month to $10,728 per month through Sept. 30.
Ship Crews Stuck in Lockdown Strain Global Supply Chains
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic.
April 7, 2020Stakeholders Tell Congress, Governors: CDLs, Permits Need to Be Processed
To avert a potential truck driver shortage during the coronavirus emergency, a coalition of large businesses and trade groups has urged Congress and the nation’s governors to implement procedures that would allow new drivers to more quickly obtain commercial learner permits and commercial driver licenses.