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Airline Bailout Combines Loans With Cash-for-Equity Assistance

Struggling U.S. airlines will be eligible to receive federal loans and, if they are willing to give an option for an ownership stake to the government, direct cash assistance under the coronavirus rescue deal reached by lawmakers and the White House, according to three people familiar with the matter.

March 25, 2020

Falling Oil Prices May Stem Demand for Trucks, Experts Warn

The rapid plunge in oil prices could cut into sales of both tractors and liquid tank trailers as well as the trucks that haul fossil fuel extraction equipment, experts said.

March 25, 2020

White House, Senate Strike Deal on $2 Trillion Stimulus Package

The Trump administration struck a deal with Senate Democrats and Republicans on an historic rescue package with more than $2 trillion in spending and tax breaks to bolster the hobbled U.S. economy and fund a nationwide effort to stem the coronavirus.

March 25, 2020

ATA, Fuel Marketers Seek EPA Waiver of Summer Fuels Requirements

Concerned over potential fuel shortages, American Trucking Associations and several other fuel marketing associations have sent letters to the Environmental Protection Agency seeking a waiver of summer gasoline sale requirements.

March 24, 2020

Dow Has Best Day Since 1933 as Congress Nears Deal

The Dow Jones Industrial Average surged to its best day since 1933 as Congress and the White House neared a deal March 24 to inject nearly $2 trillion of aid into an economy ravaged by the coronavirus.

March 24, 2020

Experts Offer Best Practices for Coronavirus Response

Transportation and emergency management professionals recently stressed the importance of organization and communication as agencies respond to the coronavirus.

March 24, 2020

Tesla Asked by N.Y. Assemblyman to Make Ventilators in State

A New York assemblyman has asked Elon Musk to make ventilators at Tesla Inc.’s state-subsidized solar factory, which may be unable to meet hiring goals because of a shutdown order.

March 24, 2020

$2.2 Trillion Stimulus Plan Aids Small Businesses, Families

The $2.2 trillion economic rescue plan advanced by Congress will target aspects of the supply chain and commercial transportation networks that are struggling after the coronavirus pandemic crippled much of the country’s economy.

March 24, 2020

FMCSA Grants Limited Exemptions for Expired CDLs, Medical Cards

The Federal Motor Carrier Safety Administration on March 24 issued a formal notice that it will not take enforcement action for certain expired commercial driver licenses, learner permits and medical certifications through June 30.

March 24, 2020

Tonnage Up 2.6% in February

Truck tonnage in February rose 2.6% when compared with year-ago levels, according to American Trucking Associations.

March 24, 2020