21 Apr Senate Approves $484 Billion in Additional Coronavirus Aid The Senate approved a new $484 billion pandemic relief plan with funds for a tapped-out small business aid program, and aid for coronavirus testing and overwhelmed hospitals. A House vote is expected as soon as April 23. Read more...
21 Apr Trucking Adjusts in Cities Hit Hardest by the Coronavirus Fleet operations have had to be nimble to navigate amid disruptions caused by the novel coronavirus, particularly in hard-hit cities such as New York, San Francisco, New Orleans and Detroit. Read more...
21 Apr Freight Groups Push for Inclusion in ‘Heroes Fund’ Two groups integral to the distribution of fuel in the country called on Congress to include them in a proposal that would provide essential personnel $25,000 in compensation during the pandemic. Read more...
21 Apr OPEC+ Ministers Hold Impromptu Call to Reflect on Price Rout Oil ministers from the OPEC+ coalition held an unscheduled conference call on April 21 to discuss the collapse in crude prices, though a closing statement signaled they didn’t settle on any new policy measures. Read more...
21 Apr China’s Air Travel Rebound Stalls on Lack of Leisure Demand A recovery in demand for flights within China is stuck at about 45% of pre-coronavirus levels as people continue to shun leisure trips after the outbreak. Read more...
21 Apr Paccar Sees Q1 Net Income, Sales Fall Paccar Inc. reported lower net income and revenue in the first quarter as it reacted to weaker demand and the coronavirus, leading to temporary plant closures and lower truck deliveries. Read more...
21 Apr Border Restrictions Extended; Trucking Remains Exempt The Department of Homeland Security recently extended travel restrictions that apply to the Canadian and Mexican borders to prevent the further spread of COVID-19. Read more...
21 Apr Negative WTI Offers Glimpse of Future for Oil Market in Meltdown Traders may have hoped that the April 20 collapse in U.S. oil prices below zero for the first time in history was an aberration. Read more...
21 Apr Truck Tonnage Up 4.3% Year-Over-Over on Coronavirus Surge Truck tonnage rose 4.3% year-over-year in March on gains in selected business sectors, according to American Trucking Associations. Read more...
21 Apr World’s Biggest Oil Storage Firm Says Almost All Space Sold The world’s biggest independent oil storage company has all but run out of space for crude and refined products as a result of the fast-expanding glut that COVID-19 has created. Read more...