26 May Steny Hoyer Says House, Senate Close on PPP Loan Extension House Majority Leader Steny Hoyer said the House and Senate should be able to quickly agree on changes to the Small Business Administration’s popular Paycheck Protection Program to give loan recipients more flexibility in using funds. Read more...
26 May Biden Says Infrastructure Investment Vital to Restoring Economy Democratic presidential candidate Joe Biden suggests investing heavily in the nation's surface transportation system would avoid potential disruptions and contribute to restoring parts of the economy. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...
26 May Oil Rallies With Producers Showing Confidence by Hiking Prices Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers displaying signs of confidence that the market is stabilizing. Read more...
26 May FMCSA to Immediately Expand Remote Carrier Compliance Reviews During Pandemic The Federal Motor Carrier Safety Administration has announced plans to immediately expand the use of remote motor carrier safety compliance reviews during the COVID-19 pandemic. Read more...
26 May Last-Mile Delivery Fleets Navigate Challenges of COVID-19 Pandemic Last-mile fleets such as FedEx, Amazon, XPO and UPS have been dealing with a spike in demand while also implementing safety protocols to protect employees and customers. Read more...
26 May Bell Rings Again at New York Stock Exchange as Floor Reopens The trading floor of the New York Stock Exchange reopened for the first time in two months with Gov. Andrew Cuomo ringing the iconic bell, but the controlled chaos was more subdued May 26 under new pandemic rules. Read more...
26 May Hertz Files for Bankruptcy After Rental Car Demand Vanishes Hertz Global Holdings Inc., the rental car company founded with a dozen Ford Model Ts more than a century ago, filed for bankruptcy late May 22 after sweeping travel restrictions and the global economic collapse destroyed demand for its vehicles. Read more...
26 May Amazon Prime Air Could Surge to 200 Jets From 42, Study Says Amazon .com Inc.'s Prime Air fleet will grow to about 200 planes — up from 42 now — in the next seven or eight years, creating an air cargo service that could rival UPS Inc., according to a study. Read more...
26 May TA to Add Petro Stopping Center in Tennessee TravelCenters of America Inc. has signed a franchise agreement to open a Petro Stopping Center in Monteagle, Tenn. Read more...
26 May Agriculture Supply Chain Upended by Virus, Expert Says Disruptions to the food supply chain brought on by the coronavirus pandemic extend to farmers and their products, according to Andrew Novakovic, a professor of agricultural economics at Cornell University. Read more...