Defying a wave of layoffs that has sent the U.S. job market into its worst catastrophe on record, at least one major industry is making a comeback: Tens of thousands of autoworkers are returning to factories that have been shuttered since mid-March due to fears of spreading the coronavirus.
May 15, 2020Coronavirus News Updates
Autoworkers’ Tenuous Return a Ray of Hope in Jobs Crisis
Oil Trades Near Six-Week High on Supply Cuts, Demand Recovery
Oil was near the highest in six weeks as major producers slash supply, and there are increasing signs that demand is recovering.
May 15, 2020US Economy Hits Record Lows in April Retail, Factory Data
U.S. retail sales and factory output registered the steepest declines on record in April, illustrating a recession so deep that it likely will take years to fully recover.
May 15, 2020Truck Stops Providing Essential Services to Truckers, Navigating the Downturn
Like truck drivers, truck stops are struggling during the coronavirus pandemic. But they are still open, working to ensure drivers have the essentials they need.
May 14, 2020How Fleets Can Mitigate Impact of Coronavirus
Trucking companies have been uniquely impacted as the coronavirus reaches every corner of the economy. But being aware of critical information and taking proactive steps can help them.
May 14, 2020GM’s Self-Driving Unit Cruise to Lay Off Almost 8% of Staff
Cruise, the self-driving car unit majority owned by General Motors Co., is laying off almost 8% of full-time employees to cut costs in the midst of the coronavirus pandemic.
May 14, 2020Trucking’s Role in Restarting Economy Requires Measured Pace
As state and local governments gradually begin loosening stay-at-home orders issued to slow the spread of the novel coronavirus, trucking industry experts are exploring how the industry can best respond to this next phase of the country’s response to the pandemic.
May 14, 2020Oil Jumps to Five-Week High Amid Optimistic Demand Outlook
Oil surged to the highest level since early April on an improving outlook for crude demand, alongside a rally in broader markets.
May 14, 2020VW, Ford Forge Ahead With EV Technology Sharing to Cut Costs
Volkswagen AG and Ford Motor Co. are pushing ahead with plans to team up on electric- and self-driving vehicles even as the coronavirus derails other projects, according to people familiar with the matter.
May 14, 2020UPS Adds Indiana Airport to Cargo Network
The Gary/Chicago International Airport Authority on May 13 approved a long-term lease and easement access agreement with UPS Inc. that will allow the company to begin express air shipment operations later this year.
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