Futures in New York erased earlier losses after slumping the most in three weeks on Wednesday amid tumult in emerging markets. The dollar held steady. The American Petroleum Institute was said to report U.S. crude stockpiles fell 1.17 million barrels last week, despite a 631,000-barrel build at the Cushing, Oklahoma, storage hub. Official data from the U.S. Energy Information Administration is due Thursday, with the nation’s crude inventories forecast to have dropped by 2.9 million barrels, according to a Bloomberg survey. Click Read More below for additional information.
Today, the American Trucking Associations and Commercial Vehicle Safety Alliance sent a letter to their members outlining the steps the commercial vehicle enforcement community and the trucking industry are taking to ensure that drivers are able to safely and efficiently deliver essential goods during the global COVID-19 pandemic.
“The threat COVID-19 poses to our communities is nearly unprecedented, but the trucking community, government regulators and CMV enforcement officials are committed to working together to making sure that supplies important to the recovery effort arrive efficiently and safely at our stores and hospitals,” the March 23 letter read.
The letter, signed by ATA President and CEO Chris Spear and CVSA Executive Director Collin Mooney, spells out that ATA is notifying its members and the trucking industry at large what goods and services are covered by various regulatory waivers in response to the pandemic, while CVSA is taking steps to make sure the enforcement community has the most up to date guidelines on those commodities, as well as providing both inspectors and drivers with critical information on personal protection and decontamination to prevent the spread of the virus.
“Both organizations are committed to doing what they can to ensure the smooth flow of goods and services to all of the people and places affected by this global pandemic and national emergency,” the letter said. “To that end, we are both working with government authorities and organizations so that drivers can continue to make critical deliveries even as various restrictions on movements and travel are imposed.”