Coronavirus News Updates

Business, Technology, Logistics, Top 100

Trucking Approaches Holiday Shipping Season ‘Unlike Any Seen Before’

An exceptionally busy holiday shipping season appears to be on the horizon, and with it comes concerns about capacity.

October 1, 2020
Government, Business

American, United to Lay Off 32,000 as Aid Talks Drag On

American Airlines Group Inc. and United Airlines Holdings Inc. will start laying off thousands of employees as scheduled, spurning Treasury Secretary Steven Mnuchin’s appeal for a delay as he negotiates with Congress over an economic relief plan that includes payroll support for U.S. carriers.

October 1, 2020
Government, Business

US Layoffs Remain Elevated as 837,000 Seek Jobless Aid

The number of Americans seeking unemployment benefits declined last week to a still-high 837,000, evidence that the economy is struggling to sustain a tentative recovery that began this summer.

October 1, 2020
Business, Technology

Tech Investments Prove Vital During Pandemic, McLeod Says

Trucking and logistics companies that have been investing in technology to improve their operations also have been well-positioned to handle the disruption caused by the ongoing coronavirus pandemic, McLeod Software’s CEO said.

October 1, 2020
Government, Business

Mnuchin Says There Is Still No Agreement on Fiscal Stimulus

U.S. Treasury Secretary Steven Mnuchin said there’s still no agreement on a fresh fiscal stimulus package after he met for about 90 minutes with House Speaker Nancy Pelosi.

September 30, 2020
Business

US Automakers Dig Out of Pandemic Hole as Prices Soar

Automakers are climbing out of the ditch they fell into this spring, with U.S. auto sales expected to rebound strongly in the third quarter thanks to cheap borrowing costs and a shift toward private transportation amid the pandemic.

September 30, 2020
Government, Business

Airlines Near 50,000 Job Cuts as American, United Feel Squeeze

U.S. airlines are preparing to lay off tens of thousands of workers starting Oct. 1 unless they get additional federal aid, sparking a plea from Treasury Secretary Steven Mnuchin to hold off on the cuts amid signs of progress in talks with Congress.

September 30, 2020
Government, Business

US Senate Advances Spending Bill to Avert Oct. 1 Shutdown

The Senate on Sept. 29 voted 82-6 to clear a procedural vote on the stopgap spending bill needed to prevent an Oct. 1 shutdown of the federal government.

September 30, 2020
Government, Business

Mnuchin Sees One More Chance for Stimulus as House Readies Vote

Treasury Secretary Steven Mnuchin said he sees one more chance at securing a deal with Democrats on another fiscal stimulus package, while stopping short of embracing a bigger proposal than President Donald Trump already has signaled.

September 30, 2020
Government, Business

749,000 Jobs Were Added in September, ADP Report Shows

U.S. companies added 749,000 jobs in September, a private report showed, indicating the labor market’s gradual rebound is continuing as demand rises from the depths of the coronavirus pandemic.

September 30, 2020