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.
March 27, 2020Government
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Government, Business, Fuel
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 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. (Ben Nelms/Bloomberg News)
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Government, Business
A store in Miami Beach, Fla., is locked and chained. (Scott McIntyre/Bloomberg)
Record Number of Workers File for Unemployment Benefits
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.
March 26, 2020
Government, Business, Logistics, Top 50, Top 100
Monica Ybarra of TBS Factoring Service holds a sign reading "Sandwiches 4 Semis." (Sue Ogrocki/Associated Press)
Showers of Praise Greet Busy Truckers
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.
March 26, 2020
Government, Business, Equipment
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, DTNA Curtail Production Into April
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.
March 26, 2020
Government, Business
A woman loads a truck with produce. (Getty Images)
Food Distributors Play Key Role in Coronavirus Crisis
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.
March 26, 2020
Government, Business, TCA
Tesla's solar panel factory in Buffalo, N.Y., in December 2018. (Andrew Harrer/Bloomberg News)
Elon Musk Will Reopen Tesla’s Buffalo Factory for Ventilators
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.
March 26, 2020
Government, Business
An employee works inside a Toyota manufacturing plant in Georgetown, Ky., in August 2019. (Luke Sharrett/Bloomberg News)
Ford, Fiat Chrysler, Honda, Toyota Seek to Restart Factories
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.
March 26, 2020
Government, Business, Fuel
Oil tanker trucks sit parked beside storage silos in Germany in June 2019. (Alex Kraus/Bloomberg News)
Projections Show World Could Run Out of Places to Store Oil
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.
March 26, 2020
Government, Business, Safety
Chao speaks at a past White House event. (Yuri Gripas/Bloomberg News)
Elaine Chao, Jim Mullen Honor Truckers, Update Industry Stakeholders
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.
March 26, 2020
Government, Business
Smoke billows from a factory chimney in Ospiate, Italy, in December 2018. (Luca Bruno/Associated Press)
Italy Shuts Most Factories to Halt Virus
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.
March 26, 2020Pages
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