Coronavirus News Updates

Business, Technology, Safety, Top 100

Technology Is Key in Fleets’ Response to Coronavirus Pandemic

Technology has shaped how trucking companies have navigated through the coronavirus pandemic while setting the resulting economic slowdown apart from past ones.

June 17, 2020
Government, Business, Equipment

Disappointing ϳԹ Construction Starts Belie Firmer Market

U.S. home construction starts rose less than forecast in May, indicating builders were slow to resume work and contrasting more recent data that points to a pickup in housing demand.

June 17, 2020
Business, Technology, Safety, Logistics

Amazon Deploys Social Distancing Software at US Warehouses

Amazon.com Inc. is deploying software in its warehouses to automatically warn employees when they are too close to colleagues, the latest effort by the retailer to adjust its facilities to life with the coronavirus.

June 16, 2020
Government, Business, Equipment

Volvo Announces Plan to Cut 4,100 From Workforce

Volvo Group will reduce its white-collar workforce by 4,100 starting in the second half of the year as it confronts lower demand during the novel coronavirus pandemic.

June 16, 2020
Government, Business, Fuel

OPEC Quota-Busters Start to Toe Line in June

Three OPEC members identified by their peers as failing to bring production down to target levels in May appear to have begun improving their compliance in June, if lower exports are any indication. But for the biggest overproducer, Iraq, that first step is a small one.

June 16, 2020
Business, Safety, Perspective

Perspective: Workers’ Comp in the COVID-19 Era

Trucking companies that were handling workers’ compensation claims before the coronavirus pandemic may find resolution of these claims stalled for reasons that have nothing to do with the worker’s injury, says Lori Ilgenfritz of Gallagher Bassett.

June 16, 2020
Government, Business

Powell Warns That Long Downturn Would Mean Severe Damage

Federal Reserve Chairman Jerome Powell said the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery.

June 16, 2020
Government, Business

Retail Sales Soared a Record 17.7% in May, Double Forecast

U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen.

June 16, 2020
Government, Business

Fed Will Begin Buying Broad Portfolio of Corporate Bonds

The Federal Reserve said June 15 that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds.

June 15, 2020
Business, Safety, Fuel

Fears of Second Virus Wave Fizzle Oil Market

Oil fell again as a fresh coronavirus outbreak in China, and increases in cases elsewhere, spurred concerns that a second wave of the virus will derail a nascent economic recovery.

June 15, 2020