02 Apr Paccar Extends Production Shutdown Paccar Inc. announced it will extend to April 20 its suspension of truck and engine production at its factories worldwide. Read more...
02 Apr Boeing to Offer Buyouts, Mull Output Cuts Amid ‘New Reality’ Boeing Co. is offering buyouts to its entire staff of 161,000 people and weighing new output reductions as the coronavirus pandemic threatens to depress aircraft sales for years. Read more...
01 Apr Pelosi Looks to Infrastructure for Next Coronavirus Crisis Response House Democrats’ next legislative response to the coronavirus pandemic will focus on reviving long-standing infrastructure priorities, such as improving freight and commuter mobility. Read more...
01 Apr Airlines Shift to Cargo as Passenger Volume Falls Dramatically Faced with hundreds of parked planes and near-empty flights as a result of the coronavirus pandemic, some of the world’s biggest airline executives are turning their focus to cargo. Read more...
01 Apr Meritor Suspends Activity as Other Suppliers Take Corrective Actions Amid COVID-19 Commercial vehicle supplier Meritor Inc. announced it halted production at most of its commercial truck facilities throughout North and South America, India and Europe on a temporary basis as a result of the spread of the coronavirus. Read more...
01 Apr House Democrats Push for Infrastructure in Next Coronavirus Bill House Speaker Nancy Pelosi said the next coronavirus stimulus bill should include at least $760 billion over five years for water projects, broadband and transportation — plus $10 billion for community health centers and more for housing and education — as a way to strengthen U.S. infrastructure and the economy. Read more...
01 Apr US, Global Manufacturing Contracted in March Manufacturing contracted in the United States and around the world last month, dragged down by economic fallout from the coronavirus outbreak. Read more...
01 Apr Trump: World’s Biggest Oil Producers to Meet on Market Crash President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of stanching a historic plunge in oil prices. Read more...
01 Apr For Some Fleets, Adding Drivers Is a Mission In the freight-hauling sector, certain loads have dwindled to a trickle. Other parts of the trucking industry are booming to meet the demand for necessary consumer goods and medical supplies, and adding drivers however they can. Read more...
01 Apr Shipping Container Pileup Could Shut Philippines’ Biggest Port The Philippines’ largest port could shut in less than a week if shipping containers aren’t moved to free up space for new cargo amid a lockdown that’s preventing businesses from retrieving freight. Read more...