14 Apr IMF Predicts Global Economy Will Suffer Worst Year Since Depression WASHINGTON — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. Read more...
14 Apr Amazon Vows to Fight French Court Ban on Nonessential Sales Amazon.com was handed a French ban on sales of nonessential items after losing the first round of a court fight with labor unions that said the company wasn’t doing enough to protect staff from the COVID-19 pandemic. Read more...
14 Apr Renault to Close Main China Business, Will Focus on Electrics BEIJING — Renault SA said April 14 it will shut down its main China business and focus on electric and commercial vehicles. Read more...
14 Apr Stemco Ceases Manufacturing of TrailerTail, Other Products Industry supplier Stemco has discontinued production of its TrailerTail product, which helped pioneer improved aerodynamics at the rear of the trailer. Read more...
14 Apr FMCSA Expands COVID-19 Waiver to Accommodate CDL Skills Tests The Federal Motor Carrier Safety Administration has expanded its COVID-19 emergency declaration to allow examiners to conduct commercial driver license skills tests without being physically in the truck, using such technologies as in-cab cameras, online testing and cellphones. Read more...
14 Apr Coronavirus Stimulus Boosts Access for Funding Harbors, Ports Additional funding for the Army Corps of Engineers to pursue port maintenance projects was approved in the $2.2 trillion economic stimulus package that recently was signed into law. Read more...
14 Apr Federal Regulators Exempt Expired TWIC Cards Through July 31 The Transportation Security Administration has granted a temporary exemption for the expiration of Transportation Worker Identification Credentials through July 31 for cards that expired after March 1. Read more...
14 Apr Goodyear Offers ‘Zero Contact’ Customer Service, Announces Convoy Collaboration People who go to a Goodyear Auto Service store for such things as an oil change or new tires have a new “zero contact” option that limits face-to-face interactions during the COVID-19 coronavirus outbreak. Read more...
14 Apr Trump Negotiating to Lease Oil Storage Space to Nine Companies The U.S. Energy Department is negotiating with nine companies to rent about 23 million barrels of oil storage capacity in its Strategic Petroleum Reserve as part of a Trump administration bid to help drain the country’s growing glut of crude. Read more...
14 Apr Tesla Headed for More Than 50% Rally in Just Seven Sessions Tesla Inc. is headed for its seventh straight session of gains after Credit Suisse upgraded the electric-car company whose stock has been on a tear since its first-quarter delivery report. Read more...