Coronavirus
FMCSA Postpones Truck Safety Summit Over Coronavirus
The Federal Motor Carrier Safety Administration is postponing its Truck Safety Summit due to coronavirus-related concerns.
Trailer Orders Lowest for Any February Since 2009
U.S. trailer orders in February weakened to land below 13,000 as the coronavirus threatened to erode demand further, ACT Research reported.
Trump Declares National Emergency to Speed Virus Response
WASHINGTON — President Donald Trump on March 13 declared the coronavirus pandemic a national emergency, as Washington struggles with providing Americans with relief and officials race to slow the spread of the outbreak.
March 13, 2020Texas Shale Heartland Rattled by Coronavirus, Oil Price War
Just a week ago, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world’s largest shale oil patch seemed oddly calm, almost relieved.
March 13, 2020Trucking Not Immune From Worries Over COVID-19
For fleets, COVID-19 portends worse news in a freight market that already was slowing, executives said, as businesses urge their staff to work from home and consumers withdraw from daily activities.
Stocks Sink in Worst Day Since 1987
U.S. stocks tumbled, with benchmark gauges posting their worst drop since 1987, as investors signaled the Federal Reserve’s extraordinary bond-buying measures, and President Donald Trump’s economic proposals, won’t be enough to counter the economic impact from the coronavirus.
March 12, 2020Coronavirus Concerns Force Cancellation of Mid-America Trucking Show
Due to concerns over the impact of the coronavirus pandemic, officials with the Mid-America Trucking Show announced on March 12 the show scheduled for March 26-28 in Louisville has been canceled.
Fed to Buy a Range of Treasury Bonds to Try to Ease Jitters
WASHINGTON — The Federal Reserve will sharply increase its purchases of short-term U.S. Treasury bonds to try to ease anxiety and disruptions in the financial markets over the coronavirus outbreak.
BMW Fourth-Quarter Profit Increases on Luxury-Car Sales
BMW AG finished 2019 with an increase in automotive profit on rising luxury-car sales as the German manufacturer faces a year mired in concerns over the coronavirus outbreak that threatens to shut down global supply chains.
China Auto Sales Plunge in February
BEIJING — China’s auto sales plunged 81.7% in February from a year ago after much of the economy was shut down to fight a virus outbreak, an industry group reported March 12.