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Trump Shines Spotlight on Infrastructure Amid Uncertain Legislative Agenda

President Donald Trump continues to press lawmakers to take up an infrastructure funding package as part of ongoing COVID-19 relief efforts.

April 29, 2020

Oil Climbs on Biggest Jump in US Gasoline Demand in 11 Months

Oil rallied on optimism that consumption could gradually return as major producers continue to cut output to counter a global glut.

April 29, 2020

Economy Shrinks 4.8% in Q1 as Result of Coronavirus

The U.S. economy contracted by 4.8% on an annualized rate in the first quarter, according to the U.S. Commerce Department, which released the gross domestic product figures April 29.

April 29, 2020

Elon Musk Presses for US to Reopen Ahead of Tesla Earnings Report

Tesla Inc. shares have soared in spite of production shutdowns, likely demand disruptions and uncertainty about how soon the electric-car maker can restore more-normal operations.

April 29, 2020

US Economy Shrinks at 4.8% Pace, Signaling Start of Recession

The record-long U.S. economic expansion is over after almost 11 years, with what’s likely to be the deepest recession in at least eight decades now underway.

April 29, 2020

Trump to Sign Order to Keep Meat Processing Plants Open

President Donald Trump will sign an executive order April 28 meant to stave off a shortage of chicken, pork and other meat on American supermarket shelves because of the coronavirus.

April 28, 2020

Excise Tax Relief Would Benefit Trucking, ATA’s Chris Spear Says

Federal policymakers crafting additional ways to restore economic stability amid the COVID-19 pandemic should consider suspending a World War I-era federal excise tax on the sale of new trucks and trailers, a coalition of freight stakeholders said April 28.

April 28, 2020

FMCSA Reviews Seizure Policy

The Federal Motor Carrier Safety Administration is reviewing the agency’s current seizure medical policy with an eye toward possibly eliminating a requirement that truck drivers with the condition request a special exemption from the agency.

April 28, 2020

China Merchants Group Explores Taking $4 Billion Port Unit Private

China Merchants Group Ltd. is exploring taking China Merchants Port Holdings Co. private after shares of the state-owned conglomerate’s unit slid in Hong Kong this year, according to people with knowledge of the matter.

April 28, 2020

CARB Approves Amendments to Reduce NOx Emissions in B20 Biofuels

The California Air Resources Board has conditionally approved a slate of regulatory amendments intended to more closely monitor the additives blended into B20 biodiesel that so far have not been deemed effective at mitigating oxides of nitrogen in the alternative diesel fuel.

April 28, 2020