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Key Bridge Insurer Pays Maryland Agency $350 Million

The Maryland Transportation Authority received a $350 million insurance payout from Chubb, the Key Bridge’s insurer, to be applied to cleanup and rebuilding the span that collapsed in March.

August 27, 2024

Port of Seattle Investigates Cyberattack at Airport

SEATTLE — An apparent cyberattack disrupted internet, phones and other systems at Seattle-Tacoma International Airport for a third day as Port of Seattle officials worked to restore service.

August 27, 2024

Kroger-Albertsons Deal Heads to Court With Food Price Focus

Kroger Co. and Albertsons Cos. are finally getting their day in court. Nearly two years after the acquisition was announced, the grocery giants on Aug. 26 started a federal court hearing in Portland, Ore., on the U.S. Federal Trade Commission’s bid to block the $24.6 billion deal.

August 26, 2024

US Oil Dominance Hinges on Quiet Corner of New Mexico

Two New Mexico counties accounted for 17% of all onshore oil output in the contiguous U.S. last year.

August 26, 2024

Canada Imposes a 100% Tariff on Imports of Chinese-Made EVs

Canada will impose a 100% surtax on all Chinese-made electric vehicles beginning Oct. 1 in a series of measures aimed at cracking down on what the country views as unfair trade practices.

August 26, 2024

Back-to-Work Order Issued for Two Major Canada Railroads

TORONTO — The Canadian arbitrator appointed to resolve a railroad labor dispute to protect the North American economy has ordered employees at two major railroads back to work.

August 26, 2024

Rate Cuts Seem Inevitable After Fed Chair Powell's Speech

WASHINGTON — Federal Reserve Chair Jerome Powell signaled that interest rate cuts are coming in a much-anticipated speech Aug. 23 in Jackson Hole, Wyo.

August 23, 2024

Halliburton Warning Oil Clients After Cybersecurity Attack

Halliburton, the world’s biggest provider of fracking services, said it is alerting customers and other stakeholders after an unauthorized third party gained access to some of its systems.

August 23, 2024

Strike Looms Again as Teamsters Serve CN Notice for Aug. 26

A union filed strike notice against Canada’s largest railway on Aug. 23 just hours after trains began rolling again, likely derailing plans to revive vital shipping networks.

August 23, 2024

TxDOT to Assume Control of Key Freight Route, Cut Toll Costs

The Texas Transportation Commission is proceeding with a $1.73 billion buyout to take over state Highway 288 tolling operations to lower fares.

August 23, 2024