20 May Chinese Revival Draws Rare Shipments of Alaskan, Canadian Oil Canadian and Alaskan crude that normally travels to the U.S. West Coast is finding a market in China, where demand is almost back to pre-pandemic levels. Read more...
19 May Democrats Protest Removal of DOT Acting Inspector General WASHINGTON — Congressional Democrats are protesting President Donald Trump’s decision to remove the Transportation Department’s acting inspector general, the latest in a string of actions by Trump to fire or replace government watchdogs. Read more...
19 May US Extends Border Closings With Canada, Mexico; Trucking Remains Exempt U.S. and Canadian officials reached an agreement to keep the 5,525-mile border closed to nonessential traffic until June 21. Read more...
19 May Gig Economy Drivers Are Fueling a US Gasoline Demand Rebound Gig-economy deliveries for groceries, alcohol and other goods look to be driving a nascent recovery in U.S. gasoline demand after the lowest plunge in almost 30 years. Read more...
19 May IAA Commercial Vehicles Show Canceled Over Pandemic Concerns The organizer of IAA Commercial Vehicles 2020 has canceled the truck show scheduled for Sept. 24-30 in Hanover, Germany, due to the COVID-19 pandemic. Read more...
19 May US Airlines Display Signs of Life After April Travel Collapse U.S. airlines reported signs that travel demand is perking up, suggesting the beginnings of a rebound from an unprecedented collapse because of the coronavirus pandemic. Read more...
19 May Oil Falls Despite Signs of Tightening Market, Demand Recovery Oil prices fell even as supply curbs tightened the market and demand rebounded with the reopening of major economies. Read more...
19 May Senate Proceeding With ‘Serious Work,’ Mitch McConnell Says The Senate is tackling “serious work” related to the pandemic, the economy, foreign policy and health care, the chamber’s Republican leader recently indicated. Read more...
19 May Prestolite Electric Announces New Line of Alternators Prestolite Electric, a global manufacturer and supplier of high-output alternators for original equipment manufacturers and the aftermarket, announced it will begin producing a new line of Leece-Neville IdlePro Extreme 24V 275-amp brushless alternators. Read more...
19 May Trump to Announce Rules for Broad $19 Billion Farm Bailout President Donald Trump is set to unveil rules May 19 for a $19 billion coronavirus farm aid package covering a broad swath of American agriculture that producers can begin claiming by next week. Read more...