19 Mar Oil Has Best Day Ever After Trump Hints at Role in Price War Oil surged the most ever in New York as the U.S. president said he could get involved in the standoff between Saudi Arabia and Russia that has rocked crude markets. Read more...
19 Mar Economists Warn of Coronavirus Impact on Business Economists are warning that the sudden halt of business activity in the United States caused by the COVID-19 virus will take a serious toll on the economy in the months ahead, and may send the country into a recession. Read more...
19 Mar US Warns Americans Against All Overseas Travel The Trump administration has upgraded its already dire warning to Americans against all international travel as the coronavirus outbreak spreads. Read more...
19 Mar Congress Prepares $1 Trillion Emergency Aid Package Congressional leaders announced efforts to draft an economic stimulus package of up to $1 trillion meant to assist portions of the transportation sector, the supply chain and consumers anticipating financial turmoil as a result of the coronavirus pandemic. Read more...
19 Mar Truck Stops, Travel Centers Open During Coronavirus Crisis Most travel centers and truck stops nationwide are remaining open during the coronavirus pandemic but operate with restrictions ranging from disallowing sit-down food service to practicing social-distancing precautions. Read more...
19 Mar Surge in Shopping Puts Pressure on Labor, Supply Chain for Grocers Consumer demand for food and household goods has surged with the continued spread of the novel coronavirus. Read more...
19 Mar Contango in Full Swing for Crude Oil Market Oil tankers are starting to drop anchor as traders start deploying the vessels to keep barrels at sea in the wake of the price plunge. Read more...
19 Mar New Jersey DOT Awards $30.1 Million for Local Freight Routes The New Jersey Department of Transportation announced that $30.1 million has been awarded to counties and municipalities for projects meant to help facilitate large-truck traffic. Read more...
19 Mar Tesla to Slash Workers Showing Up at Fremont Plant By Three-Quarters Tesla, the Bay Area’s largest manufacturer, has greatly reduced the number of workers coming to its Fremont, Calif., assembly plant, though it’s not clear if the cutbacks put it in full compliance with health orders Alameda County and five other Bay Area counties imposed Monday to stem the spread of the coronavirus. Read more...
19 Mar Automakers Shut North American Plants Outright Over COVID-19 Fears Concerns about the spreading coronavirus forced most of North America’s auto plants to close, at least temporarily. Read more...