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The development could increase pressure on First Brands, which has been considering whether to file for bankruptcy to raise a rescue loan after halting a $6 billion refinancing in August.

Rising consumption in emerging markets, sluggish energy efficiency gains, geopolitical tensions and the persisting use of petrochemicals all point to peak demand in 2030 at the earliest.

The Commerce Department had previously estimated second-quarter growth at 3.3%.

First Brands Group is preparing to file for bankruptcy as soon as next week and is looking to secure a loan of at least $1 billion to keep the business running, according to sources.

U.S. Steel approved a $300 million investment to upgrade some of its facilities, advancing part of an $11 billion commitment by Nippon Steel after its takeover of the steelmaker earlier this year.

The Trump administration launched investigations into imports of robotics, industrial machinery and medical devices, setting the stage for fresh duties.

Any carrier that has a Load Finder account can connect all its trucks via its electronic logging device, VTNA Product Marketing Manager Madeline Sullivan told Transport Topics.

The Department of Transportation is casting a wide net for stakeholder suggestions about how to deter thieves acting on impulse and organized criminals from stealing cargo.

A commenter in a Federal Reserve Bank of Dallas energy survey wrote: “What was once the world’s most dynamic energy engine has been gutted by political hostility and economic ignorance.”

The move cements the terms of the framework trade agreement the two sides struck this summer.