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Michigan DOT Assesses Needs, Starts Repairs After Extensive Flooding

The Michigan Department of Transportation is in the process of assessing and restoring infrastructure after severe flooding swallowed roads and bridges in the east-central portion of the state.

June 1, 2020

Uncertainty About OPEC+ Cuts Has Oil Struggling to Sustain Rally

OPEC+ and its allies will decide as soon as this week whether to extend their historic output curbs, yet how long and to what extent global production curtailments remain in place will be crucial to sustaining crude’s rally after a record rebound last month.

June 1, 2020

Electreon Wireless Presses Ahead With Projects to Electrify Roads

Electreon Wireless is pressing ahead with projects to test its technology that allows electric cars to be charged while driving, potentially demonstrating a way to overcome a key barrier to the mass adoption of the vehicles.

June 1, 2020

Trump Moves to Revoke Hong Kong Trade Status, Stoking China Rift

President Donald Trump intensified his confrontation with China, vowing to punish the country for the coronavirus pandemic and taking steps to curb Hong Kong’s autonomy by ending the territory’s special trade status with the U.S. and denying visas to Chinese officials.

May 29, 2020

Saudi Oil Flood to China Persists Despite Historic Cuts

An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.

May 29, 2020

US Consumer Spending Plunges While Stimulus Boosts Incomes

U.S. consumer spending, which accounts for about two-thirds of the world’s largest economy, plunged in April by the most on record after the coronavirus pandemic halted purchases of all but the most essential goods and services.

May 29, 2020

GSA to Expand California’s Busiest Truck Checkpoint

The General Services Administration is preparing to start work on an expansion project for the Otay Mesa Land Port of Entry, California’s busiest border crossing point for commercial trucks.

May 29, 2020

Driving Hasn’t Found Its New Normal Yet, NHTSA Data Shows

Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a bit noisy.

May 28, 2020

New Economic Data Show How Deep and Fast Recession Began

Just how deep and swift the U.S. economy’s plunge into a recession has been since the coronavirus pandemic hit the nation was evidenced by a number of reports, including that millions continued to apply for unemployment benefits.

May 28, 2020

New Jersey Highway Tolls to Rise up to 36%

Tolls on three major New Jersey highways will rise by as much as 36% after Gov. Phil Murphy declined to use his veto power over authorities that approved the increases, effectively allowing them to take place.

May 28, 2020