09 Apr 16.8 Million Americans Unemployed as Economic Toll of COVID-19 Rises The coronavirus outbreak has thrown at least 16.8 million Americans onto the unemployment rolls in just three weeks, underscoring the terrifying speed with which the crisis has brought world economies to a near standstill. Read more...
09 Apr FMCSA Extends HOS Emergency Declaration Through May 15 The Federal Motor Carrier Safety Administration has extended and expanded its emergency declaration providing regulatory relief to truck drivers who are transporting emergency supplies during the coronavirus outbreak. Read more...
08 Apr Bridgestone Set to Restart North American Tire Plant Operations Bridgestone Americas announced plans to restart its North American commercial tire plants as well as its North American Firestone industrial products and Firestone building products manufacturing facilities April 13. Read more...
08 Apr Alphabet’s Drone Delivery Service in Virginia Sees Surge During Pandemic Alphabet Inc.’s Wing unit is seeing a dramatic increase in the number of customers using its drone delivery service in rural Virginia during the COVID-19 pandemic. Read more...
08 Apr Trump Touts Infrastructure Plan as Congress Eyes Expanded Aid Proposals that would help the transportation sector work through the coronavirus pandemic are coming from the highest levels of government. President Donald Trump is pressing support for large investments in infrastructure funded through no-interest loans, and congressional leaders are calling for major pay increases for workers — including truck drivers — who are on the front lines of the nation’s battle against the virus. Read more...
08 Apr Coronavirus Changing How World Feeds Itself The coronavirus pandemic is short-circuiting the intricate network of producers and suppliers needed to power the global food system. Read more...
08 Apr Amazon Stock Stability Turns Perceptions of Investor Safety Upside Down Investors are redefining what constitutes safety in the stock market as the unprecedented lockdown of the U.S. economy takes hold. Read more...
08 Apr Elaine Chao Emphasizes Need for Infrastructure, Safety Funds for Rural Areas The subject of upgrading the nation’s infrastructure is an important one for Transportation Secretary Elaine Chao, including assurance that rural areas receive equal treatment relative to metropolitan areas when funds are distributed. Read more...
08 Apr US Air Travelers Dip Below 100,000 in Worst-Ever Free Fall Almost every day over the past three weeks the number of people flying in the U.S. has reached a record low as the pandemic kept people home. But on April 7, the levels crossed a stark dividing line: fewer than 100,000 people. Read more...
08 Apr VW Considers Options for Record $3.6 Billion Dividend Volkswagen AG is considering whether to pay out a record 3.3 billion-euro ($3.6 billion) dividend as planned, or use at least part of it to shore up its finances for what is shaping up to be the biggest economic crisis since World War II. Read more...