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Paccar, DTNA Curtail Production Into April

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, 2020

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, 2020

Elon 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, 2020

Ford, 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, 2020

Projections 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, 2020

Elaine 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, 2020

Italy 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, 2020

World 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, 2020

Senate 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, 2020

Oil 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