OPEC, Russia and other oil-producing nations on April 12 finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said.
April 13, 2020Search
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TSA Requires Enhanced Training for Freight Railroads, Surface Transportation Operators
Freight railroads are among the transportation operations tasked with enhancing security training for certain employees as part of a recent mandate by the Transportation Security Administration.
April 10, 2020Indiana DOT Will Temporarily Allow Food Trucks at Rest Areas
The Indiana Department of Transportation launched a temporary permit program to allow licensed food trucks to operate at highway rest areas in order to serve commercial motor vehicle drivers who are hauling supplies during the coronavirus pandemic.
April 10, 2020Mexico Strikes Deal With US, Paving Way for OPEC Output Cuts
Mexico says it has reached an agreement with the United States that will allow it to agree to a deal on production cuts with OPEC, Russia and other countries.
April 10, 2020Wall Street Caps Best Week Since 1974 on Fed’s Latest Stunner
Wall Street closed out its best week in 45 years on April 9 after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak.
April 9, 2020SoftBank-Backed Nuro Gets OK for Driverless Delivery Tests in California
Nuro Inc. has won permission to test driverless, low-speed delivery vehicles in the San Francisco Bay Area, becoming the second company allowed to operate on public roads without a driver.
April 9, 2020Pandemic Offers a Unique Shot at US Infrastructure Reform
Back in early 2017, investing in companies involved in infrastructure projects seemed like a smart idea, given newly elected President Donald Trump’s enthusiasm for building roads, bridges and walls. That it was also a spot of rare bipartisan agreement only bolstered the argument.
April 9, 2020Small-Business Group Seeks Limited Relief From Surety Bond Requirement
Federal trucking regulators are seeking comments on a petition filed by the Small Business in Transportation Coalition asking for a five-year exemption from the $75,000 surety bond or trust fund requirement for small property brokers and freight forwarders.
April 9, 2020Airlines Squeezed by Delays in $29 Billion US Rescue Funds
U.S. airlines’ desperate bid for $29 billion in government rescue cash is being frustrated by a lengthening process and demands that companies provide more detailed financial information, people familiar with the situation said.
April 9, 2020Experts Stress Partnerships as COVID-19 Disrupts Supply Chain
Transportation agencies and planners should rely on communication and partnerships as they respond to immediate needs and assess long-term effects associated with the coronavirus, according to an expert.
April 9, 2020