Coronavirus
Meatpackers Welcome Trump Order; Others Question Virus Risks
Big meatpacking companies that have struggled to keep plants running during the coronavirus crisis said April 29 that they welcomed President Donald Trump’s executive order requiring them to stay open, but unions, some employees and Democrats questioned whether workers could be kept safe.
Boeing Gets $50 Billion of Orders for Bonds Amid Strong Demand
Boeing Co. has already received $50 billion of orders for its bond offering April 30, as the company comes off of one of its worst quarter on record with the pandemic upending the global aviation industry.
Volvo Turns 3D Printers From Making Truck Parts to Face Shields
Emmanuel Fargeon has been 3D printing truck parts for Volvo for 23 years, but he never imagined he’d be creating personal protective equipment on one.
30 Million Have Sought Unemployment Aid Since Virus Hit
More than 3.8 million laid-off workers applied for unemployment benefits last week as the U.S. economy slid further into a crisis that is becoming the most devastating since the 1930s.
Oil Climbs on Biggest Jump in US Gasoline Demand in 11 Months
Oil rallied on optimism that consumption could gradually return as major producers continue to cut output to counter a global glut.
Werner Enterprises Reports $592.7 Million Revenue for Q1
Werner Enterprises reported steady revenue but a decline in net income during the first quarter of 2020, and the company said it is positioning itself to navigate the freight environment going forward amid the COVID-19 pandemic.
Economy Shrinks 4.8% in Q1 as Result of Coronavirus
The U.S. economy contracted by 4.8% on an annualized rate in the first quarter, according to the U.S. Commerce Department, which released the gross domestic product figures April 29.
Elon Musk Presses for US to Reopen Ahead of Tesla Earnings Report
Tesla Inc. shares have soared in spite of production shutdowns, likely demand disruptions and uncertainty about how soon the electric-car maker can restore more-normal operations.
Boeing to Cut Output, Thousands of Jobs on Vanishing Demand
Boeing Co. unveiled deep cuts to jobs and production as the manufacturer rushes to adapt to a shrinking market for jetliners after the worst downturn in aviation history.
March Used Truck Prices Continue 2020 Slide
Class 8 used truck sales in March slipped 12%, and the average price dropped about $7,000 compared with a year earlier, ACT Research reported.