16 Apr Virus Causing Disruptions at Europe’s Largest Port The coronavirus is set to further damage trade in the coming months, threatening supply chains and causing oil inventories to swell, according to the head of Europe’s largest port, Rotterdam. Read more...
15 Apr Paccar to Recall More Than 450,000 Trucks Paccar Inc. on April 6 issued a recall notice covering hundreds of thousands of trucks over concerns a blown fuse could prevent dashboard illumination. Read more...
15 Apr Oil Drops to 18-Year Low on Record Demand Collapse Oil plunged to the lowest in two decades amid a record collapse in U.S. fuel demand and the biggest-ever weekly build in domestic crude supplies. Read more...
15 Apr Feds Lean on Carriers in Fight Against the Coronavirus Trucking companies are diligently working with the federal government in an effort to defeat the coronavirus. Read more...
15 Apr Experts See Steep Declines for Q2 The U.S. gross domestic product will decline by more than 20% on an annualized basis in the second quarter as a result of the coronavirus and the economic shutdown, American Trucking Associations’ chief economist forecasts. Read more...
15 Apr Goldman Sachs: Buy Tesla and Stocks With Electric-Car Exposure The significant pullback in U.S. auto stocks creates an opportunity for investors to own long-term growth names including Tesla Inc. and other companies exposed to electric vehicles, Goldman Sachs said. Read more...
15 Apr Most Truck Makers Look to Restart in April Schedules vary, but efforts to restart most truck plants are stirring again as the second half of April begins. Read more...
15 Apr NJDOT Announces $47.3 Million for Local Bridge Projects The New Jersey Department of Transportation recently announced $47.3 million in grant funding will be distributed statewide to help with local bridge maintenance projects. Read more...
15 Apr Amazon May Stop French Deliveries After Court Order Amazon .com Inc. threatened to stop activity at its fulfillment centers in France after a court order banned the sale of non-essential goods, concluding the retailer isn’t doing enough to protect staff from the COVID-19 pandemic. Read more...
15 Apr Congress’ Work Schedule to Resume May 4 Congressional leaders have pushed into May their scheduled return to Washington, continuing work from their home states on recovery efforts related to the coronavirus pandemic and myriad other policy updates. Read more...