08 Apr Trucking Companies Backed by Efforts From Partners From insurance to the digital freight marketplace to telematics, trucking companies are supported by business partners as they navigate the coronavirus outbreak. Read more...
08 Apr Coronavirus Spurs New Incentives for Drivers Motor carriers are developing incentive plans to provide drivers with bonuses and financial support as they serve on the front lines of the country’s battle against COVID-19. Read more...
08 Apr Tesla Plans No-Pay Furloughs, Salary Cuts While Plants Idled Tesla Inc. will furlough noncritical employees without pay and temporarily cut executive salaries as much as 30% to conserve cash while the coronavirus pandemic forces the shutdown of much of its operations. Read more...
08 Apr Driver Health Becomes Paramount During Coronavirus Outbreak Trucking companies are doing a lot to keep their drivers safe and healthy even as the coronavirus pandemic has caused notable disruptions throughout the economy as the number of infected continues to climb. Read more...
08 Apr GM Secures $490 Million US Contract to Make Ventilators The U.S awarded General Motors Co. and its partner Ventec Life Systems a $489.4 million contract to make 30,000 ventilators by the end of August, finalizing a deal that briefly was a point of contention for President Donald Trump. Read more...
08 Apr Activity at US Ports Plummets as Coronavirus Slows World Economy Activity at ports tracked by the Global Port Tracker fell in February to the lowest level in five years. Read more...
07 Apr March Class 8 Orders Drop to Recessionary Levels Orders for North American Class 8 vehicles in March fell below 8,000, ACT Research reported, as already weak freight demand collided with the spreading coronavirus. Read more...
07 Apr UPS Manages Airlift of Health Care Supplies for FEMA UPS launched a two-week operation to run 25 cargo flights carrying masks, gloves, surgical gowns and other equipment for the health care industry under the federal government’s Project Airbridge. Read more...
07 Apr FedEx CEO Fred Smith Takes 91% Cut in Salary for Six Months FedEx Corp. said Chairman and CEO Fred Smith is taking a salary cut, effective April 1, from $115,402 per month to $10,728 per month through Sept. 30. Read more...
07 Apr Ship Crews Stuck in Lockdown Strain Global Supply Chains Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Read more...