When coronavirus outbreaks forced shutdowns at America’s giant meat plants, it quickly created a bottleneck.
June 26, 2020Search
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Oil Rises on Russian Export Cuts, Offsets Virus Demand Jitters
Oil prices rose after Russia slashed exports of its flagship crude Urals to the lowest in at least 10 years, signaling the determination of Moscow to work with its partners at OPEC+ to eliminate an oil glut.
June 25, 2020Economy Recovering, but Experts Fear Rise in Coronavirus Cases
Experts are warning that signs of improvement in the U.S. economy could give way to another round of contractions as coronavirus cases increase in certain states.
June 25, 2020House Plans Consideration of $1.5 Trillion Infrastructure Bill
House Democrats plan to schedule a vote before July 4 on a comprehensive infrastructure measure that aims to modernize freight corridors, reduce traffic congestion and promote climate change resilience infrastructure.
June 25, 2020Lordstown Motors Debuts Electric Truck as Market Heats Up
The company that bought the aging Lordstown, Ohio, auto factory from General Motors last year unveiled an electric pickup truck it plans to build at the plant, one of many new electric light-trucks manufacturers plan to start selling over the next two years.
June 25, 2020House Panel Approves Amendment to Raise Minimum Liability Insurance for Carriers to $2 Million
A measure that would increase from $750,000 to $2 million the minimum liability insurance requirement for commercial motor vehicles was approved by a House panel and included in a recent highway funding bill.
June 25, 2020US May Exports Sink to 11-Year Low as Imports Drop
U.S. exports sank to the lowest in more than a decade while imports dropped as the coronavirus continued to curtail demand for goods and upset producers’ supply chains.
June 25, 2020US Initial Jobless Claims Worse Than Forecast for Second Week
The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that the recovery is cooling amid a pickup in coronavirus cases.
June 25, 2020US Regulators Order New Fix for Grounded Boeing Max Planes
U.S. safety officials will require all Boeing 737 Max airliners to be inspected for a manufacturing defect on engine coverings that they say could lead to loss of power during flights.
June 24, 2020China’s Virus-Safety Demand Is Latest Hurdle to Trade Deal
China wants international shippers of meat and soybeans to sign a document attesting their cargoes meet safety standards to ensure they aren’t contaminated with the novel coronavirus.
June 24, 2020