President Donald Trump stressed public safety is his administration’s priority as it addresses growing concerns with the spread of the coronavirus. Trump also told reporters at the White House Feb. 29 he believed markets would rebound after experiencing recent record lows.
February 28, 2020GovernmentBusinessLogistics
Apple’s Tim Cook Sees Minor Supply Chain Changes in Wake of Virus
Apple Inc. Chief Executive Officer Tim Cook suggested the iPhone maker wouldn’t make any quick moves out of China in light of interruptions due to the coronavirus and called the situation a “temporary condition.”
February 28, 2020GovernmentBusinessLogisticsTCA
Alabama Warehouse Expected to Increase Use of Inland Port, Reduce Truck Traffic
A new 30,375-square-foot storage warehouse at the Mallard-Fox Creek Port facility in Decatur, Ala., is expected to increase the use of the port and ease truck traffic on area highways, officials said.
February 28, 2020GovernmentBusinessFuel
Oil Plummets in Worst Week Since 2008 Amid Coronavirus Panic
Oil plunged to the lowest level in 14 months as panic from the fast-spreading coronavirus spiraled global markets deeper into losses for the seventh straight day.
February 28, 2020GovernmentBusinessEquipment
Appeals Court Upholds Trump’s 25% Steel Import Tariffs
President Donald Trump acted within his authority when he imposed a 25% tariff on certain steel imports effective March 2018, a U.S. appeals court ruled Feb. 28.
February 28, 2020GovernmentBusiness
Geneva Auto Show Canceled as Switzerland Bans Large Events
GENEVA — The Geneva auto show was canceled after the Swiss government put an immediate ban Feb. 28 on all public and private events involving more than 1,000 people in order to halt the spread of the new coronavirus.
February 28, 2020GovernmentBusiness
Consumer Spending Slowed in January While Incomes Jumped
WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.
February 28, 2020Government
Trump’s Highway Bill Under Review, Secretary Chao Tells US House
WASHINGTON — At a hearing with House lawmakers, Transportation Secretary Elaine Chao said President Donald Trump’s legislative vision for the country’s highway system — which the White House intends to share with Congress — is being finalized.
February 27, 2020GovernmentBusinessTechnologySafetyAutonomousTCA
California OKs Passengers for GM’s Cruise Autonomous Vehicle Test
Cruise, the autonomous-vehicle unit of General Motors Co., has been cleared to carry passengers in California.
February 27, 2020GovernmentBusinessTechnologyEquipment
2020 TMC Recap: Collaboration Rules the Day
Joe Howard, Transport Topics executive editor, gives his take on the TMC annual conference this year.
February 27, 2020