08 Apr GM Secures $490 Million US Contract to Make Ventilators The U.S awarded General Motors Co. and its partner Ventec Life Systems a $489.4 million contract to make 30,000 ventilators by the end of August, finalizing a deal that briefly was a point of contention for President Donald Trump. Read more...
08 Apr Activity at US Ports Plummets as Coronavirus Slows World Economy Activity at ports tracked by the Global Port Tracker fell in February to the lowest level in five years. Read more...
07 Apr March Class 8 Orders Drop to Recessionary Levels Orders for North American Class 8 vehicles in March fell below 8,000, ACT Research reported, as already weak freight demand collided with the spreading coronavirus. Read more...
07 Apr UPS Manages Airlift of Health Care Supplies for FEMA UPS launched a two-week operation to run 25 cargo flights carrying masks, gloves, surgical gowns and other equipment for the health care industry under the federal government’s Project Airbridge. Read more...
07 Apr FedEx CEO Fred Smith Takes 91% Cut in Salary for Six Months FedEx Corp. said Chairman and CEO Fred Smith is taking a salary cut, effective April 1, from $115,402 per month to $10,728 per month through Sept. 30. Read more...
07 Apr Ship Crews Stuck in Lockdown Strain Global Supply Chains Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic. Read more...
07 Apr Stakeholders Tell Congress, Governors: CDLs, Permits Need to Be Processed To avert a potential truck driver shortage during the coronavirus emergency, a coalition of large businesses and trade groups has urged Congress and the nation’s governors to implement procedures that would allow new drivers to more quickly obtain commercial learner permits and commercial driver licenses. Read more...
07 Apr GAO’s Recommendations on NTSB’s ‘Most Wanted List’ Prompt Action The head of the National Transportation Safety Board agreed more transparency would improve the public’s understanding of a high-profile report after a federal watchdog recommended better access to its methodology. Read more...
07 Apr Congress, White House Reach High for Next Virus Bill Congressional leaders are jolting ahead with another coronavirus rescue package as President Donald Trump indicated that Americans will need more aid during the stark pandemic and economic shutdown. Read more...
07 Apr Low-Cost Airlines Seeking Aid Get Break on Minimum-Flight Rule The federal government ordered airlines accepting financial aid to maintain minimal service levels to cities they served before the COVID-19 pandemic ravaged the transportation system, but made adjustments for low-cost carriers and those that fly to some destinations only part of the year. Read more...