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, 2020Coronavirus News Updates
White House, Senate Strike Deal on $2 Trillion Stimulus Package
US Equipment Orders Fell More Than Forecast in February
U.S. factories received fewer orders for business equipment than forecast in February, just before the coronavirus-related demand shock that will likely lead a massive pullback in corporate investment.
March 25, 2020ATA, 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, 2020Dow 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, 2020As Great Lakes Shipping Starts, Extra Precautions for COVID-19 Are Taken
The season’s first load of iron ore left the Duluth harbor before dawn March 22, carrying with it some extra cargo — caution over the spread of coronavirus.
March 24, 2020Experts 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, 2020Tesla 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, 2020GM’s Draw-Down Preserves Dividend, Signals Edge Over Ford
General Motors Co. joined Ford Motor Co. in tapping its credit lines to stock up on cash, but the bigger automaker is signaling superiority over its Detroit rival by leaving its dividend intact for now.
March 24, 2020FMCSA 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.
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