Business

Trucking companies are diligently working with the federal government in an effort to defeat the coronavirus.

The U.S. gross domestic product will decline by more than 20% on an annualized basis in the second quarter as a result of the coronavirus and the economic shutdown, American Trucking Associations’ chief economist forecasts.

The significant pullback in U.S. auto stocks creates an opportunity for investors to own long-term growth names including Tesla Inc. and other companies exposed to electric vehicles, Goldman Sachs said.

Schedules vary, but efforts to restart truck plants are stirring again as the second half of April begins.

Many retailers are showing their support for truck drivers during the coronavirus pandemic by offering specials or making it easier for them to visit their establishment. Here's a look at a few:

The New Jersey Department of Transportation recently announced $47.3 million in grant funding will be distributed statewide to help with local bridge maintenance projects.

Amazon .com Inc. threatened to stop activity at its fulfillment centers in France after a court order banned the sale of non-essential goods, concluding the retailer isn’t doing enough to protect staff from the COVID-19 pandemic.

Automakers are anxious to get their assembly lines rolling again, especially since leaving factories idle is costing them billions of dollars by the week.

Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then — swelling stockpiles for at least a few more weeks.

American Trucking Associations President Chris Spear is among the prominent business executives tapped by President Donald Trump to help revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country.