Coronavirus News Updates

Business, Fuel

US Oil Production Has Already Passed Its Peak, Occidental Says

America’s oil production will never again reach the record 13 million barrels a day set earlier this year, just before the pandemic devastated global demand, according to Occidental Petroleum Corp.

October 14, 2020
Government, Business

Stimulus Chances Fading as Mnuchin Cites Political Reality

The chances for a preelection stimulus for the U.S. economy from Congress are all but over, with Treasury Secretary Steven Mnuchin on Oct. 14 pointing to political dynamics undermining the monthslong negotiations.

October 14, 2020
Government, Business, Logistics

Vaccine Cargo Cavalry Sizes Up Readiness of Historic Airlift

The medical industry’s dash to produce the world’s first coronavirus vaccines in just a few months is heightening the urgency for the workhorses of global trade to be ready for the historic charge to defeat the disease.

October 14, 2020
Business, Safety

Nearly 1,000 Boeing Plane Orders Are Lost or in Doubt

Boeing Co. is nearing 1,000 scrapped or impaired jetliner orders this year, failing to notch any sales in September, as the long 737 Max grounding and the coronavirus pandemic extended their toll.

October 13, 2020
Government, Business, Logistics

Trucking Industry Economy Outpaces US Economy as Capacity Tightens

Trucking is providing one of the few bright spots to the flagging U.S. economy as tight capacity and a driver shortage push contract and spot rates higher across vans, flatbeds and refrigerated trucks.

October 13, 2020
Government, Business

Trump, Republicans Divided on Stimulus as Pelosi Demands Revamp

Prospects for U.S. fiscal stimulus before Election Day dimmed on Oct. 13, with House Speaker Nancy Pelosi demanding the White House revamp its latest offer and Senate Republican leader Mitch McConnell pushing a smaller-scale strategy that Pelosi quickly rejected.

October 13, 2020
Government, Business, Technology, Logistics

E-Commerce Spike Likely to Outlast COVID-19 Pandemic, Experts Say

COVID-19 has accelerated the growth of e-commerce, a trajectory that could have significant implications for the trucking sector even after the pandemic passes.

October 9, 2020
Business, Technology, Equipment

Adapting to the Virtual Environment

Societal changes — accelerated by technology and the ongoing COVID-19 crisis — are transforming the way fleets specify and operate equipment in both intentional and unintended ways.

October 9, 2020
Business, Technology, Equipment, Safety, Fuel, Logistics, Autonomous, Top 100

Executives See Bright Future for Savvy Fleets

Three trucking executives said they remain enthusiastic about the future of their businesses after technology helped them weather the onset of the coronavirus pandemic. Watch the video from the TT/CQ Roll Call Symposium.

October 8, 2020
Government, Business

Pelosi Says No Action on Airline Aid Without Bigger Stimulus

House Speaker Nancy Pelosi said Oct. 8 there could be no action on a stand-alone bill to aid airlines or any other sector of the economy without an agreement with the White House and Republicans on a broader economic stimulus package.

October 8, 2020