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Tuesday, March 31, 2020

Crude rises after U.S., Russia agree to oil market talks

Trucking News 30 Mar by Vitaliy Dadalyan Share the love y'all! Oil recovered some ground on Tuesday as U.S. President Donald Trump and Russian President Vladimir Putin agreed to discuss stabilizing energy...

Paying $4.79 a Gallon, California Didn’t Get the Cheap Gas Memo

Trucking News 30 Mar by Vitaliy Dadalyan Share the love y'all! (Bloomberg) — At least there’s this: The average price for a gallon of gasoline in the U.S. has fallen below $2...

A Smart Plan to End the U.S. Lockdown Arrives Just in Time

Trucking News 30 Mar by Vitaliy Dadalyan Share the love y'all! (Bloomberg Opinion) — The U.S. is finally starting to take a sensible and proactive approach toward the Covid-19 pandemic. After a...

Challenging Times Ahead for Boeing Stock; 5-Star Analyst Slashes Price Target

Trucking News 30 Mar by Vitaliy Dadalyan Share the love y'all! It has been a rollercoaster month for investors of beleaguered airline Boeing (BA). To recap: the stock dropped during the first...

ArcBest draws down credit facility, warns of further declines

Less-than-truckload (LTL) carrier ArcBest Corp. (NASDAQ: ARCB) announced that it has drawn down its revolving credit facility in response to the uncertainty facing freight markets amid the coronavirus outbreak. In...

What the $2 Trillion U.S. Stimulus Package Means for Travel Businesses

Trucking News 30 Mar by Vitaliy Dadalyan Share the love y'all! Editor's Note: Please join my colleagues and Tori Barnes from the U.S. Travel Association online at noon on April 1 for...

Banks Stuck With $23 Billion of Loans for T-Mobile’s Sprint Deal

Trucking News 30 Mar by Vitaliy Dadalyan Share the love y'all! (Bloomberg) — A group of sixteen banks will have to provide $23 billion of loans to T-Mobile US Inc. in order...

Atlas Air takes the lead in Project Airbridge (with video)

The second all-cargo flight chartered by the Federal Emergency Management Agency to expedite coronavirus relief supplies to areas of urgent need landed Monday morning at Chicago’s O’Hare International Airport,...