The U.S. gross domestic product will decline by more than 20% on an annualized basis in the second quarter as a result of the coronavirus and the economic shutdown, American Trucking Associations’ chief economist forecasts.
Diesel fuel continued its steady downward slide April 13, according to the Energy Information Administration.
Activity at ports tracked by the Global Port Tracker fell in February to the lowest level in five years.
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.
The Port of Savannah, the second busiest on the East Coast, is closing operations on Saturdays to truck drivers, effective immediately, as business slows due to the coronavirus pandemic.
Research from companies that track trucking data suggests that while the spot rate market amid the COVID-19 crisis may be settling, the long-term effects of this steadying could be good for the industry.
Some familiar franchise restaurants are taking steps to provide truck drivers with access to meals and parking while they’re making deliveries to help the nation combat the COVID-19 crisis.
Faced with hundreds of parked planes and near-empty flights as a result of the coronavirus pandemic, some of the world’s biggest airline executives are turning their focus to cargo.
A heartfelt letter thanking truck drivers, written by a third-grade boy in Arlington, Texas, caught the attention of not only drivers but a network TV news program.
American Trucking Associations President Chris Spear is proud of the work his industry is doing to help the nation through the COVID-19 crisis, but notes that challenges lie ahead for business and government as the country remains stymied by the virus.