Paccar Inc. and Daimler Trucks North America, which together represent 70% of Class 8 U.S. retail sales, announced concerns over supply disruptions, weaker customer demand and economic uncertainty amid the coronavirus pandemic have led them to limit or suspend production into April.
March 26, 2020Search
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Food Distributors Play Key Role in Coronavirus Crisis
Fleets that haul food and other essential products to keep grocery store shelves stocked are on the front line in the effort to combat the coronavirus pandemic.
March 26, 2020Elon Musk Will Reopen Tesla’s Buffalo Factory for Ventilators
Elon Musk says the Tesla factory in Buffalo, N.Y., will reopen for ventilator production to help with the coronavirus pandemic.
March 26, 2020Ford, Fiat Chrysler, Honda, Toyota Seek to Restart Factories
Ford, Fiat Chrysler, Honda and Toyota took steps March 26 to restart North American factories that have been closed to protect workers from the coronavirus.
March 26, 2020Projections Show World Could Run Out of Places to Store Oil
The world will run out of places to store oil in as little as three months, according to an industry consultant.
March 26, 2020Elaine Chao, Jim Mullen Honor Truckers, Update Industry Stakeholders
Federal transportation leaders thanked members of the trucking industry and updated them on recent regulatory actions during a conference call March 25.
March 26, 2020Italy Shuts Most Factories to Halt Virus
Italy has become the first western developed nation to idle most of its industry to halt the spread of the coronavirus, in a potential cautionary tale for other governments that are resisting such drastic measures.
March 26, 2020World Trade Sees Worst Downturn in Generation
The global economy’s most abrupt and consequential shock in at least a generation is unfolding at ports and other hubs of international commerce as the U.S. and Europe struggle to contain the coronavirus pandemic.
March 26, 2020Senate OKs Historic $2.2 Trillion Coronavirus Rescue Package
WASHINGTON — The Senate late March 25 passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic that has killed more than 1,000 Americans. Following the unanimous vote, the bill now moves to the House.
March 26, 2020Oil Market Fears US Running Out of Storage Space
The U.S. oil market is displaying worries that stockpiles are going to run out of storage space, with futures being whipsawed as a growing glut counters economic stimulus measures.
March 25, 2020