15 Apr Automakers Will Need Months to Restart Factories Automakers are anxious to get their assembly lines rolling again, especially since leaving factories idle is costing them billions of dollars by the week. Read more...
15 Apr Saudi Oil Keeps Flooding Market With Output Pact Yet to Begin Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then — swelling stockpiles for at least a few more weeks. Read more...
15 Apr Trump Says Trucking CEOs to Help Advise on Economic Recovery American Trucking Associations President Chris Spear is among the prominent business executives tapped by President Donald Trump to help revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country. Read more...
14 Apr Medium-Duty Sales Lose Ground in March U.S. retail sales of medium-duty trucks overall dropped nearly 20% in March as only Class 7 posted a gain compared with a year earlier, WardsAuto .com reported. Read more...
14 Apr IMF Predicts Global Economy Will Suffer Worst Year Since Depression WASHINGTON — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. Read more...
14 Apr Amazon Vows to Fight French Court Ban on Nonessential Sales Amazon.com was handed a French ban on sales of nonessential items after losing the first round of a court fight with labor unions that said the company wasn’t doing enough to protect staff from the COVID-19 pandemic. Read more...
14 Apr Renault to Close Main China Business, Will Focus on Electrics BEIJING — Renault SA said April 14 it will shut down its main China business and focus on electric and commercial vehicles. Read more...
14 Apr Stemco Ceases Manufacturing of TrailerTail, Other Products Industry supplier Stemco has discontinued production of its TrailerTail product, which helped pioneer improved aerodynamics at the rear of the trailer. Read more...
14 Apr FMCSA Expands COVID-19 Waiver to Accommodate CDL Skills Tests The Federal Motor Carrier Safety Administration has expanded its COVID-19 emergency declaration to allow examiners to conduct commercial driver license skills tests without being physically in the truck, using such technologies as in-cab cameras, online testing and cellphones. Read more...
14 Apr Coronavirus Stimulus Boosts Access for Funding Harbors, Ports Additional funding for the Army Corps of Engineers to pursue port maintenance projects was approved in the $2.2 trillion economic stimulus package that recently was signed into law. Read more...