Oil plunged to the lowest level in 14 months as panic from the fast-spreading coronavirus spiraled global markets deeper into losses for the seventh straight day.
February 28, 2020GovernmentBusinessEquipment
Appeals Court Upholds Trump’s 25% Steel Import Tariffs
President Donald Trump acted within his authority when he imposed a 25% tariff on certain steel imports effective March 2018, a U.S. appeals court ruled Feb. 28.
February 28, 2020GovernmentBusiness
Geneva Auto Show Canceled as Switzerland Bans Large Events
GENEVA — The Geneva auto show was canceled after the Swiss government put an immediate ban Feb. 28 on all public and private events involving more than 1,000 people in order to halt the spread of the new coronavirus.
February 28, 2020GovernmentBusiness
Consumer Spending Slowed in January While Incomes Jumped
WASHINGTON — Americans pulled back on their spending in January, even as their incomes surged, a sign the economy was growing modestly before the threat of coronavirus arose.
February 28, 2020Government
Trump’s Highway Bill Under Review, Secretary Chao Tells US House
WASHINGTON — At a hearing with House lawmakers, Transportation Secretary Elaine Chao said President Donald Trump’s legislative vision for the country’s highway system — which the White House intends to share with Congress — is being finalized.
February 27, 2020GovernmentBusinessTechnologySafetyAutonomousTCA
California OKs Passengers for GM’s Cruise Autonomous Vehicle Test
Cruise, the autonomous-vehicle unit of General Motors Co., has been cleared to carry passengers in California.
February 27, 2020GovernmentBusinessTechnologyEquipment
2020 TMC Recap: Collaboration Rules the Day
Joe Howard, Transport Topics executive editor, gives his take on the TMC annual conference this year.
February 27, 2020GovernmentBusinessTechnologyEquipmentSafetyFuel
Trucking Mostly Supports EPA Emissions Plan, but Small Fleets Skeptical
Stakeholder comments on the Environmental Protection Agency’s plans to aggressively reduce oxides of nitrogen emissions generally were positive, but with some caveats.
February 27, 2020GovernmentBusinessSafety
Industry Heeds Transportation Secretary Elaine Chao’s Call to Fight Trafficking
Industry leaders have met ahead of schedule Transportation Secretary Elaine Chao’s call for 100 pledges to commit to efforts that help combat human trafficking.
February 27, 2020GovernmentBusinessSafety
Coronavirus Puts Speed Bump in Canada’s 2020 Economic Expansion
The global spread of coronavirus is lowering expectations that Canada’s economy will quickly emerge from one of its worst slowdowns in years, fueling bets the central bank will be forced to cut interest rates.
February 27, 2020