13 Mar Trump Declares National Emergency to Speed Virus Response WASHINGTON — President Donald Trump on March 13 declared the coronavirus pandemic a national emergency, as Washington struggles with providing Americans with relief and officials race to slow the spread of the outbreak. Read more...
13 Mar Fleets Can Support Drivers’ Mental Health Through Awareness, Communication Truck drivers sometimes bear the image of being “tough” and impervious to emotional stresses, a perception that doesn’t always lend itself to open discussions about mental health. But truckers and their employers are working to change that image. Read more...
13 Mar Texas Shale Heartland Rattled by Coronavirus, Oil Price War Just a week ago, when crude oil prices fell to $46 a barrel, the mayor of the biggest city in the world’s largest shale oil patch seemed oddly calm, almost relieved. Read more...
12 Mar Caterpillar Posts Worst Machine Sales Since 2016 In a further indication of the stress rippling through the construction and mining sectors, Caterpillar Inc. reported its biggest decline in global machine sales since the end of 2016. Read more...
12 Mar Trucking Not Immune From Worries Over COVID-19 For fleets, COVID-19 portends worse news in a freight market that already was slowing, executives said, as businesses urge their staff to work from home and consumers withdraw from daily activities. Read more...
12 Mar Stocks Sink in Worst Day Since 1987 U.S. stocks tumbled, with benchmark gauges posting their worst drop since 1987, as investors signaled the Federal Reserve’s extraordinary bond-buying measures, and President Donald Trump’s economic proposals, won’t be enough to counter the economic impact from the coronavirus. Read more...
12 Mar Coronavirus Concerns Force Cancellation of Mid-America Trucking Show Due to concerns over the impact of the coronavirus pandemic, officials with the Mid-America Trucking Show announced on March 12 the show scheduled for March 26-28 in Louisville has been canceled. Read more...
12 Mar Report Projects Volkswagen to Be First to Profit From Manufacturing Electric Vehicles A new report picks Volkswagen as the first incumbent global carmaker to make money selling electric vehicles, with profits expected to arrive by 2022. Read more...
12 Mar Fed to Buy a Range of Treasury Bonds to Try to Ease Jitters WASHINGTON — The Federal Reserve will sharply increase its purchases of short-term U.S. Treasury bonds to try to ease anxiety and disruptions in the financial markets over the coronavirus outbreak. Read more...
12 Mar BMW Fourth-Quarter Profit Increases on Luxury-Car Sales BMW AG finished 2019 with an increase in automotive profit on rising luxury-car sales as the German manufacturer faces a year mired in concerns over the coronavirus outbreak that threatens to shut down global supply chains. Read more...