House Speaker Nancy Pelosi unveiled a more than $3 trillion coronavirus aid package May 12, providing nearly $1 trillion for states and cities, “hazard pay” for essential workers and a new round of cash payments to individuals.
May 12, 2020Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Florida Trucking, Government Leaders Provide 500 Free Meals for Truckers
Florida transportation officials, police officers and trucking association representatives recently teamed to distribute free meals to truckers at a rest area on Interstate 75 as an act of appreciation during the coronavirus pandemic.
May 12, 2020US Meat’s Run of Growth to End in Pandemic
Meat-processing disruptions in America are set to strip billions of pounds of production, snapping a yearslong run of growth in the industry, according to the U.S. Department of Agriculture.
May 12, 2020Surface Transportation Board Calls for Stakeholder Comments on Rail Carriers’ Invoices
A federal transportation agency is requesting comments on a proposal to include additional information with rail carriers’ invoices.
May 12, 2020YRC Worldwide Posts Q1 Profit on Reduced Revenue
YRC Worldwide Inc. swung to a profit in the first quarter, but revenue dipped and the less-than-truckload carrier warned that after gaining a waiver this year, it might not be able to stay in compliance with one of its loan covenants a year from now.
May 12, 2020Class 8 Sales Fall 47.4% in April
Class 8 U.S. retail sales in April plunged 47.4% as freight demand plummeted amid the novel coronavirus pandemic, WardsAuto.com reported.
May 12, 2020China Steps Up US Soybean Buying With Million-Ton Purchase
China is stepping up purchases of soybeans from the U.S. as Brazilian sales start to wane and the Asian nation seeks to meet its pledges under the trade deal with Washington, according to people familiar with the matter.
May 12, 2020Boeing Sees April Pass With Zero Airliner Orders
Boeing Co. failed to sell a single commercial airplane and saw orders for 108 planes canceled in April as a sharp drop in air travel erased any demand among airlines for new jetliners.
May 12, 2020Airlines Granted More Flight Cuts as Consumer Complaints Surge
Struggling U.S. airlines will get more freedom to stop flying to some U.S. cities amid scant demand from passengers who’ve filed thousands of complaints to U.S. regulators about carrier refund policies, the Transportation Department said May 12.
May 12, 2020Perspective: Crisis Reveals Strength of Industry
While the supply chain may have bent at the beginning of the coronavirus crisis, it did not break — and that was due to the dedication, hard work and coordination of many trucking companies, truck drivers, mechanics, dockworkers and others who met the challenge head-on.
May 12, 2020Trending
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