26 Mar Elaine Chao, Jim Mullen Honor Truckers, Update Industry Stakeholders Federal transportation leaders thanked members of the trucking industry and updated them on recent regulatory actions during a conference call March 25. Read more...
26 Mar Trucking Adapts to Spike in Consumer Demand Trucking is handling increased demand and awaits a potential surge of pent-up activity because of the coronavirus, but what that means for the industry long term remains an open question. Read more...
26 Mar Italy Shuts Most Factories to Halt Virus Italy has become the first western developed nation to idle most of its industry to halt the spread of the coronavirus, in a potential cautionary tale for other governments that are resisting such drastic measures. Read more...
26 Mar World Trade Sees Worst Downturn in Generation The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the U.S. and Europe struggle to contain the coronavirus pandemic. Read more...
26 Mar Senate OKs Historic $2.2 Trillion Coronavirus Rescue Package WASHINGTON — The Senate late March 25 passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic that has killed more than 1,000 Americans. Following the unanimous vote, the bill now moves to the House. Read more...
25 Mar Oil Market Fears US Running Out of Storage Space The U.S. oil market is displaying worries that stockpiles are going to run out of storage space, with futures being whipsawed as a growing glut counters economic stimulus measures. Read more...
25 Mar CVSA Postpones Roadcheck Due to Coronavirus Crisis This year’s International Roadcheck, originally set for May 5-7, has been postponed due to coronavirus concerns. Read more...
25 Mar Chinese Plants Ramp Up Again as Rest of World Reels While much of the world’s output is grinding to a halt because of the coronavirus, China is slowly emerging from its shutdowns by restarting production at factories and resuming some flights. Read more...
25 Mar Canada Issues HOS Exemption for Coronavirus Relief Canadian government officials approved an exemption to allow hours-of-service relief to truck drivers who are engaged in coronavirus-related relief assistance efforts. Read more...
25 Mar Trump Points to Potential for Resuming Daily Operations by Easter With Congress seeking to help stabilize the economy by advancing a $2 trillion rescue measure this week, President Donald Trump suggested a significant portion of the country’s operations, such as freight and passenger transportation networks, could resume as early as Easter, which falls on April 12 this year. Read more...