Hertz Global Holdings Inc., the rental car company founded with a dozen Ford Model Ts more than a century ago, filed for bankruptcy late May 22 after sweeping travel restrictions and the global economic collapse destroyed demand for its vehicles.
May 26, 2020Coronavirus News Updates
Hertz Files for Bankruptcy After Rental Car Demand Vanishes
Agriculture Supply Chain Upended by Virus, Expert Says
Disruptions to the food supply chain brought on by the coronavirus pandemic extend to farmers and their products, according to Andrew Novakovic, a professor of agricultural economics at Cornell University.
May 26, 2020Despite Lower Gas Prices, AAA Expects Fewer Travelers This Memorial Day Weekend
The coronavirus pandemic has undermined road travel data, but anecdotal information points to fewer drivers likely to take to the road for Memorial Day weekend, AAA announced.
May 21, 2020Nation’s Courts Feeling Impact of COVID-19 Pandemic
The COVID-19 pandemic is affecting the nation’s court systems, and for trucking, legal experts believe it could have a long-term effect on how juries view cases involving motor carriers.
May 21, 2020Mnuchin Says ‘Strong Likelihood’ for More Stimulus Spending
Treasury Secretary Steven Mnuchin said Congress very likely will need to pass more stimulus legislation for the U.S. economy, as the nation struggles to recover from the coronavirus outbreak.
May 21, 2020Unlike China, India Oil Demand Stays Weak as Economy Falters
It’s going to take months for oil demand in the world’s third-biggest market to get back to pre-virus levels as India faces its deepest recession ever in the wake of its near two-month lockdown.
May 21, 2020Tesla Drops Lawsuit Against Alameda County
Electric carmaker Tesla dropped a federal lawsuit against Alameda County filed less than two weeks ago after resuming manufacturing at its Fremont plant against local orders.
May 21, 2020Coronavirus-Triggered Layoffs in US Hit 38.6 Million
The number of Americans thrown out of work since the coronavirus crisis struck two months ago has climbed to nearly 39 million, the government said May 21.
May 21, 2020Senate Committee Advances FMCSA Safety Grants Bill
Legislation aimed at facilitating financial assistance from the Federal Motor Carrier Safety Administration was easily approved by a Senate panel on May 20.
May 20, 2020Workers Cheered Upon Return to South Dakota Pork Plant
Employees at a Smithfield pork processing plant in South Dakota where a coronavirus outbreak infected more than 800 people were greeted at work May 20 with thank you signs, cheers and waves from about a dozen area residents.
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