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...
19 May Walmart Sales Soar on Consumer Stockpiling, Online Shift Walmart Inc. jumped May 19 after reporting coronavirus-related stockpiling led to a surge in quarterly sales, underscoring the company’s strong position amid widespread carnage in the U.S. retail sector. Read more...
19 May April Tonnage Down 11.3% Year-Over-Year April truck tonnage declined 11.3% compared with year-ago levels, the steepest year-over-year decline since 2009, American Trucking Associations reported. Read more...
19 May ITI Launches Online Safety Training for Delivery Fleets Instructional Technologies Inc. announced ClearDrive online training programs are available for delivery van, commercial sedan and work truck drivers. Read more...
19 May Reliance Partners Names Thom Albrecht Chief Financial Officer Reliance Partners, an independent insurance agency serving the commercial vehicle industry, announced the addition of Thom Albrecht as chief financial officer. Read more...