BEIJING — Global stock markets rebounded March 10 from record-setting declines after U.S. President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
March 10, 2020Search
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Diesel Falls 3.7¢ to $2.814 a Gallon; Oil Slides Most Since 1991
The U.S. average retail price of diesel fell 3.7 cents to $2.814 per gallon, the Department of Energy reported March 9.
March 9, 2020Auto Industry’s Coronavirus Fears Shift From Supply to Demand
Automakers and suppliers across the globe have been scrambling to keep production going after the coronavirus shuttered parts plants across China. But now a bigger fear is emerging: Consumers may be in no mood to buy cars and trucks.
March 9, 2020America’s Days as Net Oil Exporter Numbered Amid Price Rout
America’s nascent status as a net petroleum exporter is already at risk as plunging oil prices threaten domestic production and give a leg-up to the world’s biggest producers.
March 9, 2020USDOT Active in Response to Coronavirus, Joel Szabat Tells Senators
Transportation officials’ supporting role to the COVID-19 outbreak includes daily coordination with aviation industry stakeholders, foreign counterparts and federal agencies, DOT official Joel Szabat told a Senate panel March 4. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
March 9, 2020House Democrats to Map Out Economic Response to Virus Outbreak
House Speaker Nancy Pelosi plans to meet with top Democrats on March 9 to begin drawing up a response to the economic disruption caused by the coronavirus outbreak, which already is threatening to stall growth.
March 9, 2020Economic Concern Spreads in US Along With Coronavirus
Rick Cotton, executive director of the Port Authority of New York and New Jersey, is being treated for the coronavirus after testing positive, New York Gov. Andrew Cuomo announced March 9.
March 9, 2020EPA Proposes Tougher Rules to Monitor Runoff at Transportation Facilities
The Environmental Protection Agency is seeking comments on proposed changes aimed at expanding and strengthening its permitting authority to regulate activities at motor freight transportation facilities, and other industrial sectors, that are often exposed to stormwater runoff.
March 9, 2020Stocks, Oil Plunge Over Global Fight for Crude Production
BEIJING — Global stock markets and oil prices plunged March 9 after a fight among major crude-producing nations jolted investors who already were on edge about the surging costs of a virus outbreak.
March 9, 2020Oil Demand to Drop This Year for First Time Since 2009, IEA Says
Global oil demand will decline this year for the first time since the 2009 financial crisis as the coronavirus slams the world economy.
March 9, 2020