Dow Surges 4.9% in Another Wild Day
NEW YORK — U.S. stocks, oil and other financial markets around the world clawed back some of their historic plunge from a day before amid hopes that the U.S. and other governments around the world will pump in more aid for a virus-weakened global economy.
March 10, 2020Mike Lenz to Succeed Alan Graf as FedEx CFO
FedEx. Corp. announced a major change in leadership March 9.
March 10, 2020Lawmakers Introduce Legislation to Increase Truck Parking
Lawmakers in the House of Representatives have introduced legislation that would address the lack of available truck parking. Reps. Mike Bost (R-Ill.) and Angie Craig (D-Minn.) are co-sponsoring the Truck Parking Safety Improvement Act, which they introduced March 5.
March 10, 2020Saudi Arabia Increases Oil Output to Record High
DUBAI, United Arab Emirates — Saudi Arabia’s state-run oil giant Saudi Aramco said March 10 it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
March 10, 2020Global Markets Pick Up After Plunge on Coronavirus, Oil
BEIJING — Global stock markets rebounded March 10 from record-setting declines after U.S. President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
March 10, 2020Diesel Falls 3.7¢ to $2.814 a Gallon; Oil Slides Most Since 1991
The U.S. average retail price of diesel fell 3.7 cents to $2.814 per gallon, the Department of Energy reported March 9.
March 9, 2020Auto Industry’s Coronavirus Fears Shift From Supply to Demand
Automakers and suppliers across the globe have been scrambling to keep production going after the coronavirus shuttered parts plants across China. But now a bigger fear is emerging: Consumers may be in no mood to buy cars and trucks.
March 9, 2020America’s Days as Net Oil Exporter Numbered Amid Price Rout
America’s nascent status as a net petroleum exporter is already at risk as plunging oil prices threaten domestic production and give a leg-up to the world’s biggest producers.
March 9, 2020USDOT Active in Response to Coronavirus, Joel Szabat Tells Senators
Transportation officials’ supporting role to the COVID-19 outbreak includes daily coordination with aviation industry stakeholders, foreign counterparts and federal agencies, DOT official Joel Szabat told a Senate panel March 4. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
March 9, 2020House Democrats to Map Out Economic Response to Virus Outbreak
House Speaker Nancy Pelosi plans to meet with top Democrats on March 9 to begin drawing up a response to the economic disruption caused by the coronavirus outbreak, which already is threatening to stall growth.
March 9, 2020