Coronavirus
Trucking Offered Measure of Stability in Diesel Revenue as Pandemic Caused Gas Tax Revenue to Tank
In addition to essential supplies, truck drivers during the pandemic provided a service that is less tangible but no less important: boosting revenue for state transportation departments.
States Take Action as COVID-19 Chokes Revenue Streams
Many state transportation agencies continue to develop revenue forecasts to determine how much money they can expect to lose in fuel tax revenue, tolls and transit fares in the wake of the pandemic.
Oil Poised for Weekly Increase on COVID-19 Vaccine Optimism
Oil is poised for a third weekly gain with positive COVID-19 vaccine developments paving the way for a more sustained recovery in oil demand.
Perspective: Technology Powers Virtual Training
The COVID-19 pandemic makes it challenging to provide training to drivers due to the need for social distancing, but technology is helping bridge this gap.
Signs Positive for Retailers During Uneven Recovery, NRF Economist Says
The retail sector has shown signs it has withstood the effects of the coronavirus pandemic despite volatility in the overall economy, an expert detailed Nov. 19.
Mnuchin Moves to Restart Stimulus Talks With Democrats
Treasury Secretary Steven Mnuchin is trying to revive stalled stimulus talks with congressional Democrats, the first sign in weeks of possible movement on virus relief in the waning days of the Trump administration.
US Airlines Warn of Weakening Demand Ahead of Holiday Travel
The holiday travel rebound U.S. airlines were anticipating is starting to wobble.
Trucking Companies Increasing Pay Could Indicate Greater Trend
Carriers are boosting compensation to address an ongoing driver shortage that some fear may worsen as a recent surge in COVID-19 cases threatens to put new strains on the supply chain.
Initial Jobless Claims Rise for First Time in Five Weeks
Applications for U.S. state unemployment benefits rose for the first time in five weeks and remained well above pre-COVID levels, suggesting the labor market recovery is slowing amid a surging pandemic and fresh business restrictions.
Pandemic Likely to Cut Thanksgiving Driving in Half
With virus cases surging, hospitals filling up and more U.S. states imposing restrictions, Americans are likely to drive a lot less this Thanksgiving. Only 35% will travel by car this year, down from 65% a year ago, according to survey from retail fuel tracker GasBuddy.