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Government, Business, Fuel

Canadian Crude Now Costs More to Ship Than to Buy

Water is pumped into a tailings pond at the Suncor Energy Steepbank mine in Fort McMurray, Alberta, in September 2018. Water is pumped into a tailings pond at the Suncor Energy Steepbank mine in Fort McMurray, Alberta, in September 2018. (Ben Nelms/Bloomberg News)

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.

Robert Tuttle | Bloomberg News
March 27, 2020
Government, Business

Record Number of Workers File for Unemployment Benefits

Store locked and chained A store in Miami Beach, Fla., is locked and chained. (Scott McIntyre/Bloomberg)

A record 3.3 million Americans filed for unemployment benefits after the coronavirus outbreak forced the shutdown of major industries, small businesses and gig workers.

Dan Ronan | Associate News Editor
March 26, 2020
Government, Business, Logistics, Top 50, Top 100

Showers of Praise Greet Busy Truckers

Trucking Monica Ybarra of TBS Factoring Service holds a sign reading "Sandwiches 4 Semis." (Sue Ogrocki/Associated Press)

As truck drivers crisscross the country hauling goods vital to the fight against the coronavirus, they find themselves at the center of another fast-spreading outbreak: nationwide gratitude. It’s showing up along the roads, on TV, in emails and social media, and even at the White House.

Roger Gilroy | Senior Reporter
March 26, 2020
Government, Business, Equipment

Paccar, DTNA Curtail Production Into April

Freightliner assembly plant workers Equipment is set into a truck chassis at Freightliner's Cleveland, N.C., plant. Freightliner is a subsidiary of Daimler Trucks North America. (Freightliner via YouTube)

Paccar Inc. and Daimler Trucks North America, which together represent 70% of Class 8 U.S. retail sales, announced concerns over supply disruptions, weaker customer demand and economic uncertainty amid the coronavirus pandemic have led them to limit or suspend production into April.

Roger Gilroy | Senior Reporter
March 26, 2020
Government, Business

Food Distributors Play Key Role in Coronavirus Crisis

Woman loads truck with produce A woman loads a truck with produce. (Getty Images)

Fleets that haul food and other essential products to keep grocery store shelves stocked are on the front line in the effort to combat the coronavirus pandemic.

Connor D. Wolf | Staff Reporter
March 26, 2020
Government, Business, TCA

Elon Musk Will Reopen Tesla’s Buffalo Factory for Ventilators

Tesla's solar panel factory in Buffalo, N.Y., in December 2018. Tesla's solar panel factory in Buffalo, N.Y., in December 2018. (Andrew Harrer/Bloomberg News)

Elon Musk says the Tesla factory in Buffalo, N.Y., will reopen for ventilator production to help with the coronavirus pandemic.

Geoff Herbert | Syracuse (N.Y.) Media Group
March 26, 2020
Government, Business

Ford, Fiat Chrysler, Honda, Toyota Seek to Restart Factories

An employee works inside a Toyota manufacturing plant in Georgetown, Ky., in August 2019. An employee works inside a Toyota manufacturing plant in Georgetown, Ky., in August 2019. (Luke Sharrett/Bloomberg News)

Ford, Fiat Chrysler, Honda and Toyota took steps March 26 to restart North American factories that have been closed to protect workers from the coronavirus.

Tom Krisher | Associated Press
March 26, 2020
Government, Business, Fuel

Projections Show World Could Run Out of Places to Store Oil

Oil tanker trucks sit parked beside storage silos in Germany in June 2019. Oil tanker trucks sit parked beside storage silos in Germany in June 2019. (Alex Kraus/Bloomberg News)

The world will run out of places to store oil in as little as three months, according to an industry consultant.

Alex Longley | Bloomberg News
March 26, 2020
Government, Business, Safety

Elaine Chao, Jim Mullen Honor Truckers, Update Industry Stakeholders

Chao Chao speaks at a past White House event. (Yuri Gripas/Bloomberg News)

Federal transportation leaders thanked members of the trucking industry and updated them on recent regulatory actions during a conference call March 25.

Eleanor Lamb | Staff Reporter
March 26, 2020
Government, Business

Italy Shuts Most Factories to Halt Virus

Smoke billows from a factory chimney in Ospiate, Italy, in December 2018. Smoke billows from a factory chimney in Ospiate, Italy, in December 2018. (Luca Bruno/Associated Press)

Italy has become the first western developed nation to idle most of its industry to halt the spread of the coronavirus, in a potential cautionary tale for other governments that are resisting such drastic measures.

Colleen Barry | Associated Press
March 26, 2020

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