Coronavirus News Updates

Business, Equipment, Fuel

Tanker Truck Industry Faces Challenges as Fuel, Milk Deliveries Decline

Tank truck carriers have been among the trucking industry’s hardest-hit segments during the COVID-19 pandemic.

May 7, 2020
Business, Technology, Logistics

Tesla Idles China Plant, Suspending Vehicle Output Worldwide

Tesla Inc. suspended production at its plant on the outskirts of Shanghai, according to people familiar with the matter, bringing to a halt all of the company’s vehicle manufacturing globally.

May 7, 2020
Government, Business

33 Million Have Sought US Unemployment Aid Since Virus Hit

Nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst U.S. economic catastrophe in decades.

May 7, 2020
Government, Business, Fuel

Oil Jumps After Saudi Arabia Raises Prices to Boost Recovery

Oil surged after Saudi Arabia raised prices for its crude globally.

May 7, 2020
Government, Business, Logistics

Agriculture Secretary Says Meatpacking Plants Should Reopen Within 10 Days

U.S. Agriculture Secretary Sonny Perdue said he expects U.S. meatpacking plants to fully resume operations within a week to 10 days, during a meeting with President Donald Trump and Iowa Gov. Kim Reynolds.

May 6, 2020
Business, Fuel

Oil Slides With Glut Concerns Eclipsing Demand Recovery

Oil declined as data showing rebounding demand wasn’t enough to offset ballooning inventories.

May 6, 2020
Government, Business

Earnings Calls Study Shows Companies More Worried Than in 2008

The once-in-a-century pandemic has unleashed financing fears all over Corporate America that far exceed the 2008 crisis, as executives prep for fresh economic and market pain.

May 6, 2020
Government, Business

Auto-State Lawmakers Mobilize Push to Help Revive Car Industry

A bipartisan group of House lawmakers from states with a large auto industry presence is mounting a push to aid the sector that has idled factories and seen car sales plummet due to the coronavirus.

May 6, 2020
Government, Business, Technology, Fuel

IMF: World Needs Two-Decade, $20 Trillion Investment

The International Monetary Fund sees the world needing public investment of more than $20 trillion in the next two decades as nations spend on initiatives including improved healthcare systems, infrastructure and green technology.

May 6, 2020
Business, Technology

Uber to Reduce Workforce by 14%, Signals Further Cuts

Uber Technologies Inc. will eliminate 3,700 jobs and permanently close 180 driver service centers, the first in a series of cost-cutting measures to be announced in the next two weeks as a response to the coronavirus pandemic.

May 6, 2020