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WVTA Buyers Guide

 

Canadian heavy crude has become so cheap that the cost of shipping it to refineries exceeds the value of the oil itself, a situation that may result in even more oil-sands producers shutting operations.

Roadrunner Transportation Systems Inc. reported a net loss in the fourth quarter and sharply lower revenue amid challenging market conditions.

Officials at the Port of Los Angeles, the nation’s largest, said the facility is operating at about 80% as factories in China slowly come back online, and the U.S. economy struggles amid the coronavirus pandemic.

The coronavirus and cheap oil are hitting the fuel business so hard that ethanol plants are shutting down. Some may never come back.

President Donald Trump on March 27 ordered General Motors Co. to make ventilators for coronavirus patients, invoking a federal law that gives him vast powers over industry in crises and acting as the company is within weeks of starting production on the equipment.

WVTA Members Receive a 2.7% discount
West Virginia Trucking Association members recieve a 2.7% discount

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