Coronavirus
Cummins Cuts Pay, Hours in US to Offset COVID-19 Impact
Independent engine maker Cummins Inc. announced it slashed CEO pay by 50%, cut compensation for directors by 25% and lowered salaries for all other employees in the United States by 10% and 25% — and reduced working hours in response to the impact of COVID-19.
Navistar Expands Production Suspension; Allison Pauses Work Too
Navistar International Corp. announced it is broadening its temporary suspension in manufacturing operations, and Allison Transmission Holdings Inc. announced it has temporarily suspended production at select manufacturing facilities.
Amazon Diverts Masks to Hospitals, Pledges Warehouse Safety
Amazon .com Inc. said it will divert sales of masks and other medical supplies to hospitals and government entities.
Oil Soars After Trump Says Saudis and Russia Will Cut Production
Oil soared after President Trump said that he expects Saudi Arabia and Russia to cut output back by 10 million barrels or more after he spoke with Crown Prince Mohammed Bin Salman.
Franchise Restaurants Work Together to Feed Truckers
Some familiar franchise restaurants are taking steps to provide truck drivers with access to meals and parking while they’re making deliveries to help the nation combat the COVID-19 crisis.
Oil Tanks at Vital Africa Hub Almost Full as Crude Floods Market
Oil tanks at one of the world’s largest storage hubs on Africa’s southern tip already are almost full, limiting traders’ options as a historic flood of crude hits the market.
How Trucking Apps Support Drivers in Coronavirus Pandemic
Mobile apps are helping truck drivers tackle routing challenges for the swell of necessary deliveries brought on by the coronavirus.
US Unemployment Claims Hit 6.6 Million, Competition Mounts for Masks
The economic damage from the coronavirus crisis piled up as an unprecedented 6.6 million Americans filed for unemployment benefits in a single week, and the competition for masks and other protective gear intensified amid growing evidence that people who are infected but have no symptoms can spread the virus.
April 2, 2020Paccar Extends Production Shutdown
Paccar Inc. announced it will extend to April 20 its suspension of truck and engine production at its factories worldwide.
April 2, 2020Boeing to Offer Buyouts, Mull Output Cuts Amid ‘New Reality’
Boeing Co. is offering buyouts to its entire staff of 161,000 people and weighing new output reductions as the coronavirus pandemic threatens to depress aircraft sales for years.