Business, Fuel

Oil Has Best Day Ever After Trump Hints at Role in Price War

An oil worker on an offshore platform. An oil worker on an offshore platform in early 2017. (Ali Mohammadi/Bloomberg News)

Oil surged the most ever in New York as the U.S. president said he could get involved in the standoff between Saudi Arabia and Russia that has rocked crude markets.

March 19, 2020
Government, Business, Safety, Fuel

Economists Warn of Coronavirus Impact on Business

Business Getty Images

Economists are warning that the sudden halt of business activity in the United States caused by the COVID-19 virus will take a serious toll on the economy in the months ahead, and may send the country into a recession.

Dan Ronan | Associate News Editor
March 19, 2020
Government, Safety

US Warns Americans Against All Overseas Travel

People visit an international terminal at JFK airport in New York on March 13. People visit an international terminal at JFK airport in New York on March 13. (Kathy Willens/Associated Press)

The Trump administration has upgraded its already dire warning to Americans against all international travel as the coronavirus outbreak spreads.

Matthew Lee | Associated Press
March 19, 2020
Government, Business

Congress Prepares $1 Trillion Emergency Aid Package

Congresswoman Maxine Waters Rep. Maxine Waters (D-Calif) at a recent hearing in Washington, D.C. (Andrew Harrer/Bloomberg News)

Congressional leaders announced efforts to draft an economic stimulus package of up to $1 trillion meant to assist portions of the transportation sector, the supply chain and consumers anticipating financial turmoil as a result of the coronavirus pandemic.

Eugene Mulero | Senior Reporter
March 19, 2020
Business, Safety, Fuel

Truck Stops, Travel Centers Open During Coronavirus Crisis

Love's Travel Stops A Love’s Travel Stops & Country Stores location in Hazen, Ark. Love's is providing food on a drive-through and carryout basis. (Love's Travel Stops & Country Stores)

Most travel centers and truck stops nationwide are remaining open during the coronavirus pandemic but operate with restrictions ranging from disallowing sit-down food service to practicing social distancing precautions.

Eric Miller | Senior Reporter
March 19, 2020
Business, Logistics, TCA

Surge in Shopping Puts Pressure on Labor, Supply Chain for Grocers

Patrons in the produce section of a Giant Food Stores in Bethlehem Township, Pa., on March 18. Patrons in the produce section of a Giant Food Stores in Bethlehem Township, Pa., on March 18. (Pamela Sroka-Holzmann/Lehigh Valley Live)

Consumer demand for food and household goods has surged with the continued spread of the novel coronavirus.

Eric Scicchitano | The Daily Item
March 19, 2020
Business, Fuel

Contango in Full Swing for Crude Oil Market

An offshore oil platform. (Ali Mohammadi/Bloomberg News)

Oil tankers are starting to drop anchor as traders start deploying the vessels to keep barrels at sea in the wake of the price plunge.

Alex Longley | Bloomberg News
March 19, 2020
Government, Business, Safety, TCA

Tesla to Slash Workers Showing Up at Fremont Plant By Three-Quarters

The view from outside the Tesla plant in Fremont, Calif., in early 2016. The view from outside the Tesla plant in Fremont, Calif., in early 2016. (LiPo Ching/Bay Area News Group)

Tesla, the Bay Area’s largest manufacturer, has greatly reduced the number of workers coming to its Fremont, Calif., assembly plant, though it’s not clear if the cutbacks put it in full compliance with health orders Alameda County and five other Bay Area counties imposed Monday to stem the spread of the coronavirus.

Chase DiFeliciantonio | San Francisco Chronicle
March 19, 2020
Business, Safety

Automakers Shut North American Plants Outright Over COVID-19 Fears

UAW assemblymen work on a 2018 Ford F-150 in September 2018. UAW assemblymen work on a 2018 Ford F-150 in September 2018. (Carlos Osorio/Associated Press)

Concerns about the spreading coronavirus forced most of North America’s auto plants to close, at least temporarily.

Tom Krisher | Associated Press
March 19, 2020

Cargo Container Availability Under Stress as Virus Goes Global

Gantry cranes stand idle at the Port of Los Angeles on March 8. Gantry cranes stand idle at the Port of Los Angeles on March 8. (Tim Rue/Bloomberg News)

A shipping container shortage that has left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its coronavirus precautions on incoming vessels.

Jen Skerritt | Bloomberg News
March 19, 2020

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