Business

Autonomous technology developer Anthony Levandowski has pleaded guilty to federal theft of trade secrets charges, according to documents filed in federal court March 19.

Leading tire makers serving the North American commercial vehicle market reported, separately, they have paused production, while warehouse and distribution operations continue. All manufacturers cited the COVID-19 crisis and a steep decline in demand.

The world’s supply chains are facing a root-to-branch shutdown unlike any seen in modern peacetime as efforts to contain the coronavirus outbreak hit everything from copper mines in Peru to ball bearing makers in Germany’s industrial heartland.

Oil surged the most ever in New York as the U.S. president said he could get involved in the standoff between Saudi Arabia and Russia that has rocked crude markets.

Economists are warning that the sudden halt of business activity in the United States caused by the COVID-19 virus will take a serious toll on the economy in the months ahead, and may send the country into a recession.

Congressional leaders announced efforts to draft an economic stimulus package of up to $1 trillion meant to assist portions of the transportation sector, the supply chain and consumers anticipating financial turmoil as a result of the coronavirus pandemic.

Most travel centers and truck stops nationwide are remaining open during the coronavirus pandemic but operate with restrictions ranging from disallowing sit-down food service to practicing social distancing precautions.

Coming off an extraordinary growth market in 2018, third-party logistics companies operating in the United States experienced a more mixed year in 2019.

Consumer demand for food and household goods has surged with the continued spread of the novel coronavirus.

Oil tankers are starting to drop anchor as traders start deploying the vessels to keep barrels at sea in the wake of the price plunge.