25 Mar Chinese Plants Ramp Up Again as Rest of World Reels While much of the world’s output is grinding to a halt because of the coronavirus, China is slowly emerging from its shutdowns by restarting production at factories and resuming some flights. Read more...
25 Mar Canada Issues HOS Exemption for Coronavirus Relief Canadian government officials approved an exemption to allow hours-of-service relief to truck drivers who are engaged in coronavirus-related relief assistance efforts. Read more...
25 Mar Trump Points to Potential for Resuming Daily Operations by Easter With Congress seeking to help stabilize the economy by advancing a $2 trillion rescue measure this week, President Donald Trump suggested a significant portion of the country’s operations, such as freight and passenger transportation networks, could resume as early as Easter, which falls on April 12 this year. Read more...
25 Mar Airline Bailout Combines Loans With Cash-for-Equity Assistance Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give an option for an ownership stake to the government, direct cash assistance under the coronavirus rescue deal reached by lawmakers and the White House, according to three people familiar with the matter. Read more...
25 Mar Falling Oil Prices May Stem Demand for Trucks, Experts Warn The rapid plunge in oil prices could cut into sales of both tractors and liquid tank trailers as well as the trucks that haul fossil fuel extraction equipment, experts said. Read more...
25 Mar With Rush Hour Traffic Gone, Truck Drivers Speed Deliveries Truck drivers have faced a number of hurdles in the wake of the COVID-19 pandemic. But lately, traffic hasn’t been one of them. Read more...
25 Mar White House, Senate Strike Deal on $2 Trillion Stimulus Package The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package with more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus. Read more...
25 Mar US Equipment Orders Fell More Than Forecast in February U.S. factories received fewer orders for business equipment than forecast in February, just before the coronavirus-related demand shock that will likely lead a massive pullback in corporate investment. Read more...
24 Mar ATA, Fuel Marketers Seek EPA Waiver of Summer Fuels Requirements Concerned over potential fuel shortages, American Trucking Associations and several other fuel marketing associations have sent letters to the Environmental Protection Agency seeking a waiver of summer gasoline sale requirements. Read more...
24 Mar Dow Has Best Day Since 1933 as Congress Nears Deal The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal March 24 to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus. Read more...