Trucking Business News

About 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.

GovernmentBusiness

House Republicans Explore Aid for Airports, Loans to Airlines

House Republicans say they are exploring a range of proposals — from loans to grants for cleaning airports — to help the aviation industry staggering under the weight of the coronavirus outbreak.

March 16, 2020
GovernmentBusinessTCA

Alaska’s First COVID-19 Patient Is a Cargo Plane Pilot

A cargo pilot who arrived at Anchorage’s international airport on March 11 went to a hotel before he became ill, an airport official said March 13.

March 16, 2020
BusinessFuel

Oil Slumps to Lowest Since 2016 as Demand Collapse Triggers Rout

Oil’s spectacular collapse deepened as widening global efforts to fight the spread of the coronavirus looked set to trigger the most severe contraction in annual oil demand in history.

March 16, 2020
BusinessTechnology

Amazon Glitch Stymies Whole Foods, Grocery Deliveries

Amazon .com Inc. suffered a technical glitch March 15 that affected online grocery orders through its Whole Foods and Amazon Fresh delivery services, which have become lifelines for household essentials for people looking to avoid stores due to the coronavirus outbreak.

March 16, 2020
BusinessSafety

VW Faces Production Snarls as Virus Pandemic Hits Car Factories

Volkswagen AG’s sprawling operations in Europe are starting to feel the effects of the coronavirus pandemic, as the German carmaker joined peers such as Fiat Chrysler Automobiles NV in winding down output at some of its factories.

March 16, 2020
GovernmentBusinessLogistics

Amazon Warns of Delivery Delays as Coronavirus Elevates Demand

Online retail giant Amazon.com Inc. is warning its customers may see some delivery delays, and some items could be out of stock as the impact from the coronavirus spreads across the country. The company says the increase in people buying things online is having an effect on how it serves its customers.

March 16, 2020
GovernmentBusiness

Stock Futures Tumble Despite Fed Interest Rate Cut to Near Zero

U.S. stock futures tumbled, wiping out half of the furious last-hour rally March 13 and tripping exchange trading curbs, as investors worried that emergency measures by the Federal Reserve will fall short of cushioning the coronavirus’ blows to the economy.

March 15, 2020
GovernmentBusiness

Economists Eye Possible Recession Caused by Coronavirus

Economists and other experts who watch the U.S. economy on a minute-by-minute basis are now suggesting, some loudly, that the nation is lurching towards a recession, as the coronavirus damages the economy.

March 15, 2020
GovernmentBusinessFuel

Trump Orders US to Stock Up Oil Reserve After Price Crash

President Donald Trump ordered U.S. energy officials to purchase “large amounts” of oil to fill up the nation’s emergency reserve after the biggest price crash in a generation.

March 14, 2020
GovernmentBusiness

US Will Extend Virus Travel Restrictions to UK, Ireland

President Donald Trump announced March 14 that the United States will broaden its European travel ban, adding Britain and Ireland to its list, and was considering imposing restrictions on travel within the U.S. to areas hit hard by the coronavirus spread

March 14, 2020