15 Apr Experts See Steep Declines for Q2 The U.S. gross domestic product will decline by more than 20% on an annualized basis in the second quarter as a result of the coronavirus and the economic shutdown, American Trucking Associations’ chief economist forecasts. Read more...
15 Apr Goldman Sachs: Buy Tesla and Stocks With Electric-Car Exposure The significant pullback in U.S. auto stocks creates an opportunity for investors to own long-term growth names including Tesla Inc. and other companies exposed to electric vehicles, Goldman Sachs said. Read more...
15 Apr Most Truck Makers Look to Restart in April Schedules vary, but efforts to restart most truck plants are stirring again as the second half of April begins. Read more...
15 Apr NJDOT Announces $47.3 Million for Local Bridge Projects The New Jersey Department of Transportation recently announced $47.3 million in grant funding will be distributed statewide to help with local bridge maintenance projects. Read more...
15 Apr Amazon May Stop French Deliveries After Court Order Amazon .com Inc. threatened to stop activity at its fulfillment centers in France after a court order banned the sale of non-essential goods, concluding the retailer isn’t doing enough to protect staff from the COVID-19 pandemic. Read more...
15 Apr Congress’ Work Schedule to Resume May 4 Congressional leaders have pushed into May their scheduled return to Washington, continuing work from their home states on recovery efforts related to the coronavirus pandemic and myriad other policy updates. Read more...
15 Apr Automakers Will Need Months to Restart Factories Automakers are anxious to get their assembly lines rolling again, especially since leaving factories idle is costing them billions of dollars by the week. Read more...
15 Apr Saudi Oil Keeps Flooding Market With Output Pact Yet to Begin Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then — swelling stockpiles for at least a few more weeks. Read more...
15 Apr Trump Says Trucking CEOs to Help Advise on Economic Recovery American Trucking Associations President Chris Spear is among the prominent business executives tapped by President Donald Trump to help revive the economy as the coronavirus pandemic shows signs of easing in some parts of the country. Read more...
14 Apr Medium-Duty Sales Lose Ground in March U.S. retail sales of medium-duty trucks overall dropped nearly 20% in March as only Class 7 posted a gain compared with a year earlier, WardsAuto .com reported. Read more...