Two groups integral to the distribution of fuel in the country called on Congress to include them in a proposal that would provide essential personnel $25,000 in compensation during the pandemic.
April 21, 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.
OPEC+ Ministers Hold Impromptu Call to Reflect on Price Rout
Oil ministers from the OPEC+ coalition held an unscheduled conference call on April 21 to discuss the collapse in crude prices, though a closing statement signaled they didn’t settle on any new policy measures.
April 21, 2020China’s Air Travel Rebound Stalls on Lack of Leisure Demand
A recovery in demand for flights within China is stuck at about 45% of pre-coronavirus levels as people continue to shun leisure trips after the outbreak.
April 21, 2020Paccar Sees Q1 Net Income, Sales Fall
Paccar Inc. reported lower net income and revenue in the first quarter as it reacted to weaker demand and the coronavirus, leading to temporary plant closures and lower truck deliveries.
April 21, 2020Border Restrictions Extended; Trucking Remains Exempt
The Department of °®¶¹´«Ã½land Security recently extended travel restrictions that apply to the Canadian and Mexican borders to prevent the further spread of COVID-19.
April 21, 2020Negative WTI Offers Glimpse of Future for Oil Market in Meltdown
Traders may have hoped that the April 20 collapse in U.S. oil prices below zero for the first time in history was an aberration.
April 21, 2020Truck Tonnage Up 4.3% Year-Over-Year on Coronavirus Surge
Truck tonnage rose 4.3% year-over-year in March on gains in selected business sectors, according to American Trucking Associations.
April 21, 2020World’s Biggest Oil Storage Firm Says Almost All Space Sold
The world’s biggest independent oil storage company has all but run out of space for crude and refined products as a result of the fast-expanding glut that COVID-19 has created.
April 21, 2020Daimler Truck AG, Volvo Group Plan Joint Venture on Hydrogen Fuel Systems
Global truck manufacturers Daimler Truck AG and Volvo Group have reached a preliminary agreement on a joint venture to develop, produce and commercialize fuel cell systems in heavy-duty vehicles by the second half of the decade.
April 21, 2020Covenant Relocates Texarkana Terminal Operations
Covenant Transportation Group is planning to close its Texarkana, Ark., terminal and relocate operations to other facilities, the company announced April 20.
April 21, 2020Trending
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