Coronavirus News Updates

Government, Business, Equipment

Trump to Announce Rules for Broad $19 Billion Farm Bailout

President Donald Trump is set to unveil rules May 19 for a $19 billion coronavirus farm aid package covering a broad swath of American agriculture that producers can begin claiming by next week.

May 19, 2020
Business, Top 100

Walmart Sales Soar on Consumer Stockpiling, Online Shift

Walmart Inc. jumped May 19 after reporting coronavirus-related stockpiling led to a surge in quarterly sales, underscoring the company’s strong position amid widespread carnage in the U.S. retail sector.

May 19, 2020
Business, Logistics, Breaking News

April Tonnage Down 11.3% Year-Over-Year

April truck tonnage declined 11.3% compared with year-ago levels, the steepest year-over-year decline since 2009, American Trucking Associations reported.

May 19, 2020
Government, Business, Safety

US Autoworkers Return, While Possible Vaccine Shows Promise

More than 130,000 autoworkers returned to factories across the U.S. for the first time in nearly two months May 18 in one of the biggest steps yet to restart American industry, while an experimental vaccine against the coronavirus yielded encouraging results in a small and extremely early test.

May 18, 2020
Government, Business, Technology, Safety

Tesla Reopens California Plant, Says It Has Alameda County’s Approval

Tesla Inc. told employees that a California county health official has now signed off on safety measures the company took last week at its car plant as it restarted production in defiance of the area’s shutdown order.

May 18, 2020
Business, Technology, Autonomous

Uber Cuts 3,000 More Jobs, Closes Offices Amid Pandemic Revamp

Uber Technologies Inc. eliminated an additional 3,000 jobs May 18, is closing dozens of offices worldwide and is shutting down many side projects in an effort to weather the coronavirus pandemic that has devastated the ride-hailing business.

May 18, 2020
Government, Business, Fuel

Chinese Oil Demand Is Almost Back to Pre-Virus Crisis Levels

Chinese oil demand is all but back to levels last seen before Beijing imposed a national lockdown to fight the coronavirus outbreak, according to people with inside knowledge of the country’s energy industry.

May 18, 2020
Government, Business

Stocks Rise With Weak Data Set Aside; Oil Jumps

U.S. stocks rose as traders looked past trade jitters and weak economic data. Treasuries fell. Oil jumped.

May 15, 2020
Government, Business, Logistics

Slump at US Ports Continues in April

The slump at the nation’s ports continued in April as 20-foot-equivalent container (TEU) volumes were down, in some cases by double digits when compared with 2019.

May 15, 2020
Government, Business, Equipment, Logistics

Daimler Halts SUV Production at US Plant Over Mexico Parts Delays

Daimler AG is suspending production at a Mercedes-Benz SUV plant that was one of the first in the U.S. to reopen due to a shortage of parts supplied from Mexico.

May 15, 2020