Airline Bailout Combines Loans With Cash-for-Equity Assistance
Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give an option for an ownership stake to the government, direct cash assistance under the coronavirus rescue deal reached by lawmakers and the White House, according to three people familiar with the matter.
March 25, 2020Falling Oil Prices May Stem Demand for Trucks, Experts Warn
The rapid plunge in oil prices could cut into sales of both tractors and liquid tank trailers as well as the trucks that haul fossil fuel extraction equipment, experts said.
March 25, 2020With Rush Hour Traffic Gone, Truck Drivers Speed Deliveries
Truck drivers have faced a number of hurdles in the wake of the COVID-19 pandemic. But lately, traffic hasn’t been one of them.
March 25, 2020White House, Senate Strike Deal on $2 Trillion Stimulus Package
The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package with more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus.
March 25, 2020US Equipment Orders Fell More Than Forecast in February
U.S. factories received fewer orders for business equipment than forecast in February, just before the coronavirus-related demand shock that will likely lead a massive pullback in corporate investment.
March 25, 2020ATA, Fuel Marketers Seek EPA Waiver of Summer Fuels Requirements
Concerned over potential fuel shortages, American Trucking Associations and several other fuel marketing associations have sent letters to the Environmental Protection Agency seeking a waiver of summer gasoline sale requirements.
March 24, 2020Dow Has Best Day Since 1933 as Congress Nears Deal
The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal March 24 to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.
March 24, 2020DTNA Moves to Limit Truck Production
Daimler Trucks North America announced March 24 it will begin limiting production at its facilities in the U.S. and Mexico, citing emerging supply disruptions tied to COVID-19 that will soon impact its production operations.
March 24, 2020As Great Lakes Shipping Starts, Extra Precautions for COVID-19 Are Taken
The season’s first load of iron ore left the Duluth harbor before dawn March 22, carrying with it some extra cargo — caution over the spread of coronavirus.
March 24, 2020Experts Offer Best Practices for Coronavirus Response
Transportation and emergency management professionals recently stressed the importance of organization and communication as agencies respond to the coronavirus.
March 24, 2020