Business
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Some Fiat Chrysler Workers Walk Out Over COVID-19 Fears
Seventeen Fiat Chrysler Automobiles NV employees in the Warren Truck Assembly Plant’s paint shop stopped working over concerns about the novel coronavirus pandemic, though production continues, the automaker confirmed March 16.
Coronavirus Prompts Some State Groups to Postpone Truck Driving Championships
As they evaluate the implications of the coronavirus, some state trucking associations have adjusted the schedules of their truck driving championships.
House Republicans Explore Aid for Airports, Loans to Airlines
House Republicans say they are exploring a range of proposals — from loans to grants for cleaning airports — to help the aviation industry staggering under the weight of the coronavirus outbreak.
Alaska’s First COVID-19 Patient Is a Cargo Plane Pilot
A cargo pilot who arrived at Anchorage’s international airport on March 11 went to a hotel before he became ill, an airport official said March 13.
Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout
Oil’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual oil demand in history.
Amazon Glitch Stymies Whole Foods, Grocery Deliveries
Amazon .com Inc. suffered a technical glitch March 15 that affected online grocery orders through its Whole Foods and Amazon Fresh delivery services, which have become lifelines for household essentials for people looking to avoid stores due to the coronavirus outbreak.
VW Faces Production Snarls as Virus Pandemic Hits Car Factories
Volkswagen AG’s sprawling operations in Europe are starting to feel the effects of the coronavirus pandemic, as the German carmaker joined peers such as Fiat Chrysler Automobiles NV in winding down output at some of its factories.
Amazon Warns of Delivery Delays as Coronavirus Elevates Demand
Online retail giant Amazon.com Inc. is warning its customers may see some delivery delays, and some items could be out of stock as the impact from the coronavirus spreads across the country. The company says the increase in people buying things online is having an effect on how it serves its customers.
Stock Futures Tumble Despite Fed Interest Rate Cut to Near Zero
U.S. stock futures tumbled, wiping out half of the furious last-hour rally March 13 and tripping exchange trading curbs, as investors worried that emergency measures by the Federal Reserve will fall short of cushioning the coronavirus’ blows to the economy.
March 15, 2020Economists Eye Possible Recession Caused by Coronavirus
Economists and other experts who watch the U.S. economy on a minute-by-minute basis are now suggesting, some loudly, that the nation is lurching towards a recession, as the coronavirus damages the economy.