Orders for North American Class 8 vehicles in March fell below 8,000, ACT Research reported, as already weak freight demand collided with the spreading coronavirus.
April 7, 2020Coronavirus News Updates
March Class 8 Orders Drop to Recessionary Levels
FedEx CEO Fred Smith Takes 91% Cut in Salary for Six Months
FedEx Corp. said Chairman and CEO Fred Smith is taking a salary cut, effective April 1, from $115,402 per month to $10,728 per month through Sept. 30.
April 7, 2020Ship Crews Stuck in Lockdown Strain Global Supply Chains
Port restrictions and canceled flights are straining the ability to replace seafarers on board ships, further weakening global supply chains already snarled by the coronavirus pandemic.
April 7, 2020Stakeholders Tell Congress, Governors: CDLs, Permits Need to Be Processed
To avert a potential truck driver shortage during the coronavirus emergency, a coalition of large businesses and trade groups has urged Congress and the nation’s governors to implement procedures that would allow new drivers to more quickly obtain commercial learner permits and commercial driver licenses.
April 7, 2020Congress, White House Reach High for Next Virus Bill
Congressional leaders are jolting ahead with another coronavirus rescue package as President Donald Trump indicated that Americans will need more aid during the stark pandemic and economic shutdown.
April 7, 2020Low-Cost Airlines Seeking Aid Get Break on Minimum-Flight Rule
The federal government ordered airlines accepting financial aid to maintain minimal service levels to cities they served before the COVID-19 pandemic ravaged the transportation system, but made adjustments for low-cost carriers and those that fly to some destinations only part of the year.
April 7, 2020Tesla’s Ventilator Production in New York Has Yet to Begin
Elon Musk promised nearly two weeks ago that the Tesla factory in Buffalo, N.Y., would reopen for ventilator production to help with the coronavirus pandemic. But it still hasn’t happened yet.
April 7, 2020World’s Biggest Lockdown Brings Trucks to a Standstill in India
The world’s biggest lockdown has brought transportation of goods in India to a near halt, even though the federal government has exempted the sector from restrictions to halt the spread of coronavirus.
April 7, 2020Trucking Volume Linked to Future Spending Trends, Experts Say
Where and how consumers and businesses are spending money now, and how those habits might shift in the near future, will shape how the economy — and the trucking industry — will manage through the impact of the COVID-19 crisis, experts said.
April 6, 2020Airbus Pauses Production in Alabama, Germany
Airbus SE is pausing production at two German sites and its factory in Alabama to adjust to a demand slowdown and supply issues related to the coronavirus pandemic.
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