Coronavirus News Updates

Business, Fuel

Oil Slips With Global Viral Resurgence Highlighting Demand Risks

Oil ended a choppy session lower with worsening global coronavirus outbreaks accentuating concerns over a demand rebound.

January 21, 2021
Government, Business, Safety

Buttigieg Pledges to Make Transportation Systems COVID-Safe

President Joe Biden’s pick to run the Department of Transportation says he will focus on preventing the spread of COVID-19 on the nation’s transportation systems if he is confirmed by the U.S. Senate.

January 21, 2021
Government, Business

US Jobless Claims Fall Slightly; Remain Near 1 Million

Applications for U.S. state unemployment benefits fell only slightly the week of Jan. 11 and remained elevated, signaling heightened pandemic-related strain in the U.S. labor market just as Joe Biden begins his first days as president.

January 21, 2021
Government, Business, Logistics

Amazon Offers to Help Biden Administration With Vaccinations

Amazon .com Inc. is offering to help the Biden administration accelerate the distribution of COVID-19 vaccines, including to its own employees.

January 20, 2021
Government

Incoming Administration ‘Looking to the Future,’ Buttigieg Says

A day before his confirmation hearing on Capitol Hill, President Joe Biden’s pick to lead the country’s transportation policy affairs championed a pandemic aid package that includes funds for transit systems.

January 20, 2021
Government, Business, Fuel

Oil Tanker Owners Pay to Move Crude in Wake of Supply Cuts

Saudi Arabia’s oil production cuts have hit the tanker market so hard that owners of the biggest vessels are effectively subsidizing cargo deliveries on the industry’s main trade route.

January 20, 2021
Business, Technology, Equipment, Safety

Technology, Pandemic Reshape Industry’s Business Models, Panel Says

Advancements in technology and the impact of the coronavirus pandemic have driven major changes in trucking, a panel of experts said Jan. 19.

January 20, 2021
Government, Business

Yellen Says Aid to Jobless, Small Firms ‘Biggest Bang’ for Buck

Janet Yellen told lawmakers Jan. 19 that help for the unemployed and small businesses would provide the “biggest bang for the buck” as she made the case for President-elect Joe Biden’s $1.9 trillion COVID-19 relief plan.

January 19, 2021
Government, Business

Consumer Sentiment Posts Moderate Pullback in January

U.S. consumer sentiment cooled more than forecast in January, adding to signs consumers may be growing less optimistic as vaccinations roll out amid soaring new infections.

January 15, 2021
Government, Business

Manufacturing Output Rose More Than Forecast in December

Production at U.S. manufacturers increased in December by more than projected, marking an eighth straight month of gains as steady yet more moderate demand growth and lean inventories continue to power the sector’s recovery.

January 15, 2021