President Donald Trump expressed optimism that U.S.-China trade talks in Beijing are progressing well, as Chinese authorities planned to give a statement after the latest round of negotiations.
January 8, 2019GovernmentFuel
Oil Extends Longest Rally in 17 Months as Supplies Seen Tighter
Oil extended its longest run of daily gains in 17 months on renewed efforts by the U.S. and China to reach a trade deal, and expectations the market will be tightened by OPEC’s output cuts.
January 8, 2019GovernmentBusinessFuel
Diesel Average Drops 3.5¢ to $3.013 a Gallon
The U.S. average retail price of diesel dropped 3.5 cents to $3.013 a gallon, the U.S. Energy Information Administration reported Jan. 7, even as crude oil prices saw renewed vigor and broached the mark of $50 per barrel.
January 7, 2019GovernmentBusinessLogisticsTop 50Top 100
Trucking Industry Expected to See Slower Growth in 2019
After a 2018 that saw record-setting levels of freight-hauling demand and driver pay as tonnage levels reached a 20-year high, the trucking industry is expected to remain strong in 2019 but undergo a bit of a cool-down, economists say.
January 7, 2019GovernmentBusiness
Capitol Agenda for the Week of Jan. 7: The DeFazio Era Begins
Oregon Democrat Peter DeFazio was first elected to Congress in 1986. Now as the chairman of the Transportation and Infrastructure Committee, will he be the one to orchestrate an infrastructure funding plan? Here's the week ahead for trucking on Capitol Hill.
January 7, 2019GovernmentBusinessTechnologySafety
Midwest States Launch Program to Address Truck Parking Issues
A group of eight Midwestern states has launched a system to inform truckers about parking availability along interstate highways. Indiana, Iowa, Kansas, Kentucky, Michigan, Minnesota, Ohio and Wisconsin launched the Trucks Park Here program.
January 7, 2019GovernmentBusiness
Service Firms Grew at Slower Pace in December
WASHINGTON — U.S. service firms grew in December at the slowest pace in five months, a possible indication that various headwinds from turbulent markets to trade tensions could be having an impact on economic activity.
January 7, 2019GovernmentBusinessLogistics
Sears Said to Weigh Liquidation as Lampert’s Bid Falls Short
Sears representatives summoned liquidation firms and other advisers to emergency meetings on Jan. 4 after rejecting Lampert’s $4.4 billion bid to buy and operate Sears stores.
January 7, 2019GovernmentFuel
Oil Set for Longest Gain in 17 Months on US Economy, OPEC Cuts
Oil headed for its longest stretch of daily gains in more than 17 months as the U.S. Federal Reserve sought to ease investor concerns, China moved to stimulate its economy and OPEC production cutbacks took effect.
January 7, 2019GovernmentBusinessTechnologyEquipmentSafetyFuelLogisticsAutonomous
Infrastructure, Trade Loom Large for Trucking in the New Year
Infrastructure and trade loom large for trucking in the year ahead as freight carriers adjust to a slower, but still positive, rate of economic growth in 2019, according to industry experts interviewed by Transport Topics.
January 4, 2019