Economists who closely follow the transportation and trucking industry say the next month will be critical as to whether the economy avoids a recession in 2020 as concerns over the spread of the coronavirus mount.
March 2, 2020No rankings are available for this year.
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Economists Fear Possible Recession as Coronavirus Spreads
Apple’s Tim Cook Sees Minor Supply Chain Changes in Wake of Virus
Apple Inc. Chief Executive Officer Tim Cook suggested the iPhone maker wouldn’t make any quick moves out of China in light of interruptions due to the coronavirus and called the situation a “temporary condition.”
Alabama Warehouse Expected to Increase Use of Inland Port, Reduce Truck Traffic
A new 30,375-square-foot storage warehouse at the Mallard-Fox Creek Port facility in Decatur, Ala., is expected to increase the use of the port and ease truck traffic on area highways, officials said.
Walmart Developing a Membership Program to Rival Amazon Prime
Walmart, the world’s largest retailer, is developing a paid membership program to challenge internet giant Amazon Prime's offering. It will be called Walmart+.
More Fleets Move Toward Freight Matching
The trucking industry is seeing an increased shift toward freight-matching platforms as some major fleets become the latest users.
Rich Corrado to Replace Joe Hete as CEO at Wilmington Air Transport Services
Joe Hete will step down as chief executive of Wilmington’s Air Transport Services Group Inc. in May and will be replaced by Rich Corrado, the air transport company said Feb. 25.
Amtrak Blames Freight Trains for Passenger Delays Getting Worse
Amtrak's "on-time performance" for its increasingly popular passenger trains is sliding to new lows, and it says that slow-moving freight trains that use the same tracks are to blame.
UPS Requests Exemption for Driver-Trainees to Operate Doubles
The Federal Motor Carrier Safety Administration announced Feb. 24 that it is seeking comment on a 2019 request from United Parcel Service Inc. in which the carrier seeks a five-year renewable exemption from federal regulations in order to allow its driver-trainees with commercial learner permits to operate twin 28-foot trailers on public roads.
Coronavirus Cuts Prompt DSV Panalpina to Open Cargo Flights Between Alabama, China
Danish company DSV Panalpina is opening a route between Alabama and China in response to shipping cutbacks over the coronavirus.
Shipping Giant CMA CGM’s Debt Plan Seen at Risk Amid Virus Fears
The coronavirus outbreak is threatening to scupper a debt refinancing for CMA CGM SA, the world’s third-largest container shipping company.