06 May Agriculture Secretary Says Meatpacking Plants Should Reopen Within 10 Days U.S. Agriculture Secretary Sonny Perdue said he expects U.S. meatpacking plants to fully resume operations within a week to 10 days, during a meeting with President Donald Trump and Iowa Gov. Kim Reynolds. Read more...
06 May Senate Committee Approves Water Infrastructure Measures A bill that would authorize projects at ports and another one that would promote access to safe drinking water were easily approved by the Senate Environment and Public Works Committee on May 6 Read more...
06 May Oil Slides With Glut Concerns Eclipsing Demand Recovery Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories. Read more...
06 May Earnings Calls Study Shows Companies More Worried Than in 2008 The once-in-a-century pandemic has unleashed financing fears all over Corporate America that far exceed the 2008 crisis, as executives prep for fresh economic and market pain. Read more...
06 May Auto-State Lawmakers Mobilize Push to Help Revive Car Industry A bipartisan group of House lawmakers from states with a large auto industry presence is mounting a push to aid the sector that has idled factories and seen car sales plummet due to the coronavirus. Read more...
06 May IMF: World Needs Two-Decade, $20 Trillion Investment The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green technology. Read more...
06 May Uber to Reduce Workforce by 14%, Signals Further Cuts Uber Technologies Inc. will eliminate 3,700 jobs and permanently close 180 driver service centers, the first in a series of cost-cutting measures to be announced in the next two weeks as a response to the coronavirus pandemic. Read more...
06 May Volvo Says Virus Won’t Slow Its Rollout of Self-Driving Car Tech Volvo Car AB is grappling with plant shutdowns and layoffs, but one thing it’s not doing amid the fallout from the coronavirus pandemic is pumping the brakes on autonomous driving development. Read more...
06 May Continental Transitions to KeepTruckin for ELD Services Tire, systems and components supplier Continental said it will transition customers to an alternate electronic logging device and fleet management solution. Read more...
06 May NHTSA Forecasts Slight Increase in Truck Crash Fatalities for 2019 Fatalities in crashes involving at least one large truck are projected to have increased by 1% in 2019, while overall traffic fatalities are projected to see a decline, according to National Highway Traffic Safety Administration estimates. Read more...