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Engineering Group ACEC Opposes Bill That Removes Regulations on Construction Material Suppliers

A group representing engineers is pushing back on recently introduced legislation that aims to develop projects through open competition among suppliers of construction materials.

December 4, 2019

OPEC Nations Grapple With Oversupply of Oil

The world may be heading for an even greater oversupply of oil, and that possibility — which could drive down fuel and energy prices — is hanging over members of the OPEC cartel as they head into negotiations Dec. 5. 

December 4, 2019

Survey: Businesses Added Just 67,000 Jobs in November

WASHINGTON — U.S. companies added just 67,000 jobs in November, a private survey found, barely half the gain of the previous month.

December 4, 2019

Trump Asks Court to Toss California Auto Emissions Lawsuit

President Donald Trump’s administration asked a federal judge to throw out California’s lawsuit seeking to preserve its power to regulate tailpipe greenhouse gas emissions, saying Washington has the last word in setting fuel economy standards.

December 3, 2019

Tunnel Planned for California Bullet Train Under Burbank Airport

The complexity of building a bullet train through Southern California’s urban maze is leading state officials to consider two major additions: a tunnel under the Burbank airport and a project that would help a freight railroad expand its switching yards in the Inland Empire.

December 3, 2019

CN Rail Downgrades Financial Outlook as Result of Strike

Canadian National Railway is making a quick recovery from the eight-day strike by 3,200 Teamsters Canada Rail Conference conductors and yard crews, according to the Montreal-based railroad.

December 3, 2019

What Happens to Markets if US Tariffs on China Kick in Dec. 15

President Donald Trump’s latest missives on trade are a wake-up call to markets close to record highs that a major deadline is looming with China.

December 3, 2019

Diesel Inches Up 0.4¢ to $3.07 Per Gallon

The U.S. average retail price of diesel rose 0.4 cent to $3.07 a gallon, the Department of Energy reported Dec. 2.

December 2, 2019

US Manufacturing Contracts for Fourth Straight Month

Manufacturing activity contracted in November, the fourth straight month of contraction, according to a monthly survey of executives released Dec. 2 by the Institute for Supply Management.

December 2, 2019

OPEC+ Gambles That US Shale’s Golden Age Is Over

When the Organization of Petroleum Exporting Countries meets this week, ministers will discuss whether to extend their current output target, because they believe relentless U.S. oil production growth will slow rapidly next year.

December 2, 2019