Coronavirus
Oil Floating-Storage Trade Is a Go After Crude’s Latest Tumble
The latest collapse in oil prices has put in play a lucrative trade to store crude at sea, reviving memories of the 2008-09 recession when millions of barrels were kept on the world’s oceans.
March 18, 2020Treasury Proposes Delivering $500B to Americans Starting April
The Treasury Department said March 18 it wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.
March 18, 2020UPS Helping With Coronavirus Testing Sites
UPS Inc. is joining a Trump administration effort to bring mobile coronavirus testing to several U.S. cities, the company announced March 16.
Kroger CEO: ‘There’s Plenty of Food in the Supply Chain’
Kroger CEO Rodney McMullen urges the public to remember that the grocery business deals in perishable goods and is set up to constantly ship and refill store shelves.
Commercial Vehicle World Focuses on Business Continuity
While truck drivers are out delivering freight to restock bare shelves or deliver medicines and other vital goods, commercial vehicle manufacturers, dealers and suppliers in the midst of the coronavirus pandemic are focused on keeping their employees healthy and ensuring services, equipment and components remain available to fleets.
US to Close Canadian Border; Trade Not Affected
The duration of a temporary ban on nonessential travel between the United States and Canada could be a month, President Donald Trump told reporters at the White House on March 18.
Detroit Automakers Agree to Rotating Partial Shutdown of Plants
General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles NV will partially shut down their U.S. plants on a rotating basis in an effort to contain the spread of the coronavirus.
March 18, 2020Tesla’s Fremont Factory Forced to Shut Down Under Shelter-in-Place Order
After some confusion, the Alameda County Sheriff’s Department in California said March 17 the car plant was not “essential,” and like most other businesses must shut down under the county’s shelter-in-place order that took effect March 17.
Chinese Port Restricts Ships From Virus-Hit Nations for 14 Days
The port of Fuzhou in eastern China is restricting vessels arriving from nine countries including the U.S. and Singapore in efforts to limit the spread of coronavirus by visiting ships and their crew.
March 18, 2020ATA’s Spear Urges White House Action on Coronavirus to Keep Trucks Moving
American Trucking Associations is asking the Trump administration to take specific steps that will help the trucking industry in its efforts to keep stores and medical facilities stocked with supplies as the country battles the coronavirus pandemic.