WASHINGTON — American factories expanded in February for the second straight month, despite disruptions caused by the coronavirus outbreak.
March 2, 2020Search
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US Construction Spending Up 1.8% in January to Record Level
WASHINGTON — Spending on U.S. construction projects rose to an all-time high in January, helped by strong gains for home construction and government building projects.
March 2, 2020Most Ports See Container Volumes Decline in January
Facing strong headwinds from the lingering effects of the U.S.-China trade war, the slowdown associated with the Chinese New Year, and later the coronavirus, most of the nation’s ports saw container volumes fall in January.
March 2, 2020Economists Fear Possible Recession as Coronavirus Spreads
Economists who closely follow the transportation and trucking industry say the next month will be critical as to whether the economy avoids a recession in 2020 as concerns over the spread of the coronavirus mount.
March 2, 2020As Coronavirus Spreads, Global Demand for Oil Lessens, Prices Fall
NEW YORK — With the coronavirus outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further.
March 2, 2020First Negative US Yields Get Closer Amid Virus Fallout Fears
The swirl of fresh coronavirus cases and growing risks to the global economy have some seasoned market strategists warning that U.S. growth could come to a halt this year and some Treasury yields may drop below zero for the first time.
March 2, 2020Massachusetts Transportation Funding Plan Would Increase Gas Taxes
BOSTON — Fees for ride-hailing services and a 5-cents-per-gallon hike in the state’s gas tax are the heart of a plan floated by Democrats in the House of Representatives to pay for upgrades to roads, bridges and public transit.
March 2, 2020Apple’s Tim Cook Sees Minor Supply Chain Changes in Wake of Virus
Apple Inc. Chief Executive Officer Tim Cook suggested the iPhone maker wouldn’t make any quick moves out of China in light of interruptions due to the coronavirus and called the situation a “temporary condition.â€
February 28, 2020Alabama Warehouse Expected to Increase Use of Inland Port, Reduce Truck Traffic
A new 30,375-square-foot storage warehouse at the Mallard-Fox Creek Port facility in Decatur, Ala., is expected to increase the use of the port and ease truck traffic on area highways, officials said.
February 28, 2020Oil Plummets in Worst Week Since 2008 Amid Coronavirus Panic
Oil plunged to the lowest level in 14 months as panic from the fast-spreading coronavirus spiraled global markets deeper into losses for the seventh straight day.
February 28, 2020