Coronavirus
US Consumer Sentiment Unexpectedly Declines on Economic Views
U.S. consumer sentiment unexpectedly declined in early November as an increase in COVID-19 infections and the election prompted Americans to reassess their outlooks for the economy and finances.
China Oil Giant Eyes New Supertankers to Shrink Diesel Glut
China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil.
November 12, 2020White House Leaves Stimulus to Congress After Failed Talks
The Trump administration is stepping back from negotiations on a new stimulus package and leaving it to Senate Majority Leader Mitch McConnell to revive long-stalled talks with House Speaker Nancy Pelosi, according to people familiar with the situation.
November 12, 2020Number Seeking US Jobless Aid Drops to Lowest Since March
The number of people seeking U.S. unemployment benefits fell last week to 709,000, a still-high level but the lowest figure since March and a further sign that the job market might be slowly healing.
Pfizer Vaccine Road Map Shows Logistical, Financial Obstacles
When Pfizer Inc. and BioNTech SE’s COVID-19 vaccine rolls off production lines, Shanghai Fosun Pharmaceutical Group Co. will be waiting to distribute it through a complex and costly system of deep-freeze airport warehouses, refrigerated vehicles and inoculation points across China.
November 12, 2020Food Retail Carriers Anticipate High-Demand Holiday Season
The food retail sector and fleets that support it are headed for a particularly busy holiday season, experts say.
Holiday Ramp-Up Portends Glad Tidings for Trucking
A leading supply chain economist and data from a trucking industry research company show warehouses are filling up in advance of what could be a very busy holiday season.
Carriers Highlight Industry Issues Persisting After Volatile Year
Trucking companies detailed the market challenges that persist in the waning weeks of 2020 during a three-day conference on economic trends.
Mitch McConnell Moves to Avoid US Shutdown With Spending Bills
Senate Republicans released 12 bills to fund the government through next September, the first move toward negotiations with House Democrats that will be vital to avoid a federal shutdown in December.
COVID-19 Jolts Workhorse Production; Year-Over-Year Losses Widen
A COVID-19 outbreak has upended production at electric truck startup Workhorse Group as nearly 40% of the company’s factory workforce have become infected or exposed to the virus.