02 Apr Oil Soars After Trump Says Saudis and Russia Will Cut Production Oil soared after President Trump said that he expects Saudi Arabia and Russia to cut output back by 10 million barrels or more after he spoke with Crown Prince Mohammed Bin Salman. Read more...
02 Apr Franchise Restaurants Work Together to Feed Truckers Some familiar franchise restaurants are taking steps to provide truck drivers with access to meals and parking while they’re making deliveries to help the nation combat the COVID-19 crisis. Read more...
02 Apr Used Class 8 Sales Fall 15% in February Class 8 used truck sales skidded by 15% in February and the average price dropped for the 10th consecutive month, ACT Research reported for the last month before the surge of the coronavirus. Read more...
02 Apr Oil Tanks at Vital Africa Hub Almost Full as Crude Floods Market Oil tanks at one of the world’s largest storage hubs on Africa’s southern tip already are almost full, limiting traders’ options as a historic flood of crude hits the market. Read more...
02 Apr How Trucking Apps Support Drivers in Coronavirus Pandemic Mobile apps are helping truck drivers tackle routing challenges for the swell of necessary deliveries brought on by the coronavirus. Read more...
02 Apr US Unemployment Claims Hit 6.6 Million, Competition Mounts for Masks The economic damage from the coronavirus crisis piled up as an unprecedented 6.6 million Americans filed for unemployment benefits in a single week, and the competition for masks and other protective gear intensified amid growing evidence that people who are infected but have no symptoms can spread the virus. Read more...
02 Apr Paccar Extends Production Shutdown Paccar Inc. announced it will extend to April 20 its suspension of truck and engine production at its factories worldwide. Read more...
02 Apr Boeing to Offer Buyouts, Mull Output Cuts Amid ‘New Reality’ Boeing Co. is offering buyouts to its entire staff of 161,000 people and weighing new output reductions as the coronavirus pandemic threatens to depress aircraft sales for years. Read more...
01 Apr Pelosi Looks to Infrastructure for Next Coronavirus Crisis Response House Democrats’ next legislative response to the coronavirus pandemic will focus on reviving long-standing infrastructure priorities, such as improving freight and commuter mobility. Read more...
01 Apr Airlines Shift to Cargo as Passenger Volume Falls Dramatically Faced with hundreds of parked planes and near-empty flights as a result of the coronavirus pandemic, some of the world’s biggest airline executives are turning their focus to cargo. Read more...