19 Mar Cargo Container Availability Under Stress as Virus Goes Global A shipping container shortage that has left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its coronavirus precautions on incoming vessels. Read more...
18 Mar Stocks Drop as Recession Fears Take Hold; Dow Loses 1,300 After a brutal few weeks, the Dow has now lost nearly all of its gains since President Donald Trump’s inauguration. Read more...
18 Mar FMCSA Issues Expanded HOS Emergency Declaration The Federal Motor Carrier Safety Administration on March 18 issued an expanded national emergency declaration to provide hours-of-service regulatory relief to commercial vehicle drivers transporting emergency supplies in response to the coronavirus outbreak. Read more...
18 Mar Senate Clears Second Coronavirus Emergency Bill The Senate on March 18 cleared for President Donald Trump a multibillion-dollar aid package targeting individuals affected by the coronavirus disease, known as COVID-19. Read more...
18 Mar Multiple Hits to Economy Likely to Trigger Recession, Analysis Shows The U.S. economy amid the COVID-19 crisis is suffering under the weight of multiple factors, including lower consumer spending, falling business investment and global travel bans, according to a report from S&P Global Economics. Read more...
18 Mar 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. Read more...
18 Mar DHL Highlights Top Trends for Packaging The biggest emerging trends in packaging are stemming from e-commerce, customer interaction, the in-store experience and sustainability, according to DHL Supply Chain. Read more...
18 Mar Averitt Announces New Safety, Efficiency Initiatives Averitt Express in a pair of news releases has announced initiatives aimed at improving the safety of its drivers and the efficiency of its deliveries. Read more...
18 Mar Treasury 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. Read more...
18 Mar Medium-Duty Market Creeps Higher on Mixed Sales Medium-duty sales in February posted a 5% gain as the two lighter segments offset weakness in the heavier two, WardsAuto.com reported. Read more...