Coronavirus News Updates

Government, Business

Stocks Drop as Recession Fears Take Hold; Dow Loses 1,300

After a brutal few weeks, the Dow has now lost nearly all of its gains since President Donald Trumps inauguration.

March 18, 2020
Government, Business

Multiple Hits to Economy Likely to Trigger Recession, Analysis Shows

The U.S. economy amid the COVID-19 crisis is suffering under the weight of multiple factors, including lower consumer spending, falling business investment and global travel bans, according to a report from S&P Global Economics.

March 18, 2020
Business, Fuel

Oil Floating-Storage Trade Is a Go After Crudes Latest Tumble

The latest collapse in oil prices has put in play a lucrative trade to store crude at sea, reviving memories of the 2008-09 recession when millions of barrels were kept on the worlds oceans.

March 18, 2020
Government, Business, Safety

Treasury Proposes Delivering $500B to Americans Starting April

The Treasury Department said March 18 it wants to dedicate $500 billion to start issuing direct payments to Americans by early next month as the centerpiece of a $1 trillion plan to stabilize the economy as the coronavirus epidemic threatens a body slam to taxpayers and businesses.

March 18, 2020
Government, Business, Safety, Logistics

UPS Helping With Coronavirus Testing Sites

UPS Inc. is joining a Trump administration effort to bring mobile coronavirus testing to several U.S. cities, the company announced March 16.

March 18, 2020
Government, Business, Logistics, TCA

Kroger CEO: Theres Plenty of Food in the Supply Chain

Kroger CEO Rodney McMullen urges the public to remember that the grocery business deals in perishable goods and is set up to constantly ship and refill store shelves.

March 18, 2020
Business, Equipment, Safety

Commercial Vehicle World Focuses on Business Continuity

While truck drivers are out delivering freight to restock bare shelves or deliver medicines and other vital goods, commercial vehicle manufacturers, dealers and suppliers in the midst of the coronavirus pandemic are focused on keeping their employees healthy and ensuring services, equipment and components remain available to fleets.

March 18, 2020
Government, Business, Breaking News

US to Close Canadian Border; Trade Not Affected

The duration of a temporary ban on nonessential travel between the United States and Canada could be a month, President Donald Trump told reporters at the White House on March 18.

March 18, 2020
Business, Safety

Detroit Automakers Agree to Rotating Partial Shutdown of Plants

General Motors Co., Ford Motor Co. and Fiat Chrysler Automobiles NV will partially shut down their U.S. plants on a rotating basis in an effort to contain the spread of the coronavirus.

March 18, 2020
Government, Business, Technology, Safety, TCA

Teslas Fremont Factory Forced to Shut Down Under Shelter-in-Place Order

After some confusion, the Alameda County Sheriffs Department in California said March 17 the car plant was not essential, and like most other businesses must shut down under the countys shelter-in-place order that took effect March 17.

March 18, 2020