Coronavirus News Updates

Government, Business

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
Government, Business

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
Government, Business, Fuel

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
Government, Business, Equipment, Safety

CVSA Postpones Roadcheck Due to Coronavirus Crisis

This year’s International Roadcheck, originally set for May 5-7, has been postponed due to coronavirus concerns.

March 25, 2020
Government, Business

Chinese Plants Ramp Up Again as Rest of World Reels

While much of the world’s output is grinding to a halt because of the coronavirus, China is slowly emerging from its shutdowns by restarting production at factories and resuming some flights.

March 25, 2020
Government, Business, Safety

Canada Issues HOS Exemption for Coronavirus Relief

Canadian government officials approved an exemption to allow hours-of-service relief to truck drivers who are engaged in coronavirus-related relief assistance efforts.

March 25, 2020
Government, Business

Trump Points to Potential for Resuming Daily Operations by Easter

With Congress seeking to help stabilize the economy by advancing a $2 trillion rescue measure this week, President Donald Trump suggested a significant portion of the country’s operations, such as freight and passenger transportation networks, could resume as early as Easter, which falls on April 12 this year.

March 25, 2020
Government, Business

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
Government, Business, Fuel

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
Business, Logistics, TCA

With Rush Hour Traffic Gone, Truck Drivers Speed Deliveries

Truck drivers have faced a number of hurdles in the wake of the COVID-19 pandemic. But lately, traffic hasn’t been one of them.

March 25, 2020