Coronavirus
Oil Extends Recovery on Optimism Supply Cuts Will Trim Glut
Oil’s recovery from last month’s epic plunge accelerated as production cuts start to whittle down a supply glut and more economies ease their coronavirus lockdowns.
ATRI Survey Reflects Drop in Congestion, Haul Length
Lighter traffic congestion and shorter hauls are some of the outcomes from the coronavirus pandemic’s effect on trucking operations.
April Class 8 Orders Reach 25-Year Low
Class 8 orders in April sank to the lowest level since 1995, when orders went negative for two months, ACT Research reported.
5-Year-Old’s ‘Refreshment Stop’ Shows Appreciation for FedEx, UPS Drivers
A New York kindergartener who loves delivery trucks is thanking FedEx, UPS and other drivers during the coronavirus pandemic in his own special way, with a 'refreshment stop' of complimentary snacks and drinks that he has set up at the end of his driveway for these essential workers.
Pelosi Pushes New Aid Deal as GOP Resists Big Spending
House Speaker Nancy Pelosi pressed ahead May 5 with the next coronavirus aid, a sweeping $800 billion-plus package that is expected to be unveiled soon even as the House stays closed while the Senate reopens in the pandemic.
Detroit Automakers Look to Restart North America Plants May 18
Major U.S. automakers are planning to reopen North American factories within two weeks, potentially putting thousands of workers back on the assembly line as part of a gradual return to normality.
May 5, 2020US Trade Plummeted in March With Record Drop in Exports
U.S. exports of goods and services plunged in March by a record and imports declined by the most in 11 years as the coronavirus pandemic stymied trade and travel.
Stocks Gain as Oil Extends Rally for Fourth Day
U.S. stocks kicked off the week on a positive note, rallying late in the session to close higher as crude oil gained for a fourth consecutive day.
Uber Eats Drops Service in Seven Countries
Uber Technologies Inc. took steps to stem losses in its international businesses May 4 as the company rushes to adapt to the new realities of the coronavirus pandemic.
Oil Spread Tightens After Report Shows US Tanks Filling Slower
Oil reversed losses as the pace of stockpile builds at the key U.S. storage hub slowed last week.