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Oil Clings to Gains After US Supplies Shrink by Most This Year

Oil was propped up by the biggest decline in U.S. crude stockpiles this year, signaling a bright spot in a market weakened by the COVID-19 pandemic.

July 29, 2020

Trump Says Republicans, Democrats Far Apart in Stimulus Talks

President Donald Trump said that Republicans and Democrats aren’t close to resolving their differences over a coronavirus stimulus package, and that Congress may need to pass some stopgap measures to prevent aid from running out.

July 29, 2020

USPS Grapples With Financial Crisis as Mail Delays Continue

Earlier this month, local letter carriers were told to delay delivering mail in order to save money for the United States Postal Service, a direction that apparently came from top federal officials to mail carriers throughout the country.

July 29, 2020

Gasoline’s Demand Rebound Fades at Height of US Driving Season

A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum industry.

July 28, 2020

New COVID-19 Stimulus With Transportation Aid Stuck in Congress

With much of the country looking to Washington for assistance, slow-moving negotiations on the next COVID-19 economic stimulus package have been marked by partisan disagreements.

July 28, 2020

TRB Annual Meeting Goes Virtual for 2021

The Transportation Research Board’s 100th annual meeting will be held virtually this winter due to concerns over COVID-19.

July 28, 2020

US Consumer Confidence Fell in July as Expectations Slumped

U.S. consumer confidence declined in July by more than forecast as a pickup in COVID-19 cases rattled Americans’ sentiment about prospects for the economy and the job market.

July 28, 2020

Diesel Dips for Second Consecutive Week

Diesel fell for the second consecutive week, by six-tenths of a cent to $2.427 a gallon from $2.433, the Energy Information Administration reported July 27.

July 27, 2020

Wall Street Returns to Rally; Gold Jumps to Record High

Wall Street’s rally got back on track July 27, while gold rushed to a record at the start of a week packed with potentially market-moving events.

July 27, 2020

Motorcoach Industry Seeks Federal Aid to Mitigate Losses

The 100-year-old over-the-road motorcoach industry is struggling for survival as most of the nation’s 36,000 buses are sitting in parking lots because of the COVID-19 pandemic.

July 27, 2020