IMF Predicts Global Economy Will Suffer Worst Year Since Depression
WASHINGTON — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.
April 14, 2020FMCSA Expands COVID-19 Waiver to Accommodate CDL Skills Tests
The Federal Motor Carrier Safety Administration has expanded its COVID-19 emergency declaration to allow examiners to conduct commercial driver license skills tests without being physically in the truck, using such technologies as in-cab cameras, online testing and cellphones.
April 14, 2020Coronavirus Stimulus Boosts Access for Funding Harbors, Ports
Additional funding for the Army Corps of Engineers to pursue port maintenance projects was approved in the $2.2 trillion economic stimulus package that recently was signed into law.
April 14, 2020Federal Regulators Exempt Expired TWIC Cards Through July 31
The Transportation Security Administration has granted a temporary exemption for the expiration of Transportation Worker Identification Credentials through July 31 for cards that expired after March 1.
April 14, 2020Trump Negotiating to Lease Oil Storage Space to Nine Companies
The U.S. Energy Department is negotiating with nine companies to rent about 23 million barrels of oil storage capacity in its Strategic Petroleum Reserve as part of a Trump administration bid to help drain the country’s growing glut of crude.
April 14, 2020Diesel Sheds 4.1¢ a Gallon to $2.507 as Slide Continues
Diesel fuel prices continued their steady downward slide April 13, according to the Energy Information Administration.
April 13, 2020Mnuchin Rebuffs Airlines, Holds Firm on Repayment for Rescue
Treasury Secretary Steven Mnuchin is not budging on strict repayment guidelines for airlines that want taxpayer aid, according to people familiar with the matter, dashing the industry’s hopes for leniency.
April 13, 2020Deficient Bridges Add to Country’s Infrastructure Woes
A new ARTBA report identifies some of the most structurally deficient bridges and the negative effect they have on the flow of goods over the nation's highways. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
April 13, 2020Truckers Exempt From Utah Traveler Declaration Form
Truck drivers and other travelers representing certain industries have been exempted from Utah Gov. Gary Herbert’s recent executive order requiring people entering the state to complete a travel declaration form.
April 13, 2020Fear of an Impending Car-Price Collapse Grips Auto Industry
The auto industry — already fretting lengthy factory shutdowns and depressed new-vehicle demand — is starting to sound the alarm about a potential used-car price collapse that could have far-reaching consequences for manufacturers, lenders and rental companies.
April 13, 2020