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Economist Noel Perry Sees US Recession Looming in Late 2020

In the trucking, freight and logistics industry, when economist Noel Perry talks, people listen.

November 13, 2019

Truckers File First Suit Contesting California Gig Economy Law

SACRAMENTO, Calif. — The California Trucking Association on Nov. 12 filed what appears to be the first lawsuit challenging a sweeping new labor law that seeks to give wage and benefit protections to workers in the so-called gig economy, including rideshare drivers at companies such as Uber and Lyft.

November 13, 2019

World Thirst for Oil Keeps Growing, With SUVs a Key Culprit

PARIS — The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why.

November 13, 2019

Consumer Prices Up 0.4% in October; Gasoline Prices Surge

WASHINGTON — Surging gasoline prices caused U.S. consumer prices to rise last month at the fastest pace since March.

November 13, 2019

Diesel Climbs 1.1 Cents to $3.073 a Gallon

The U.S. average retail price of diesel rose 1.1 cents to $3.073 a gallon, the Department of Energy reported Nov. 12, the day after the national Veterans Day holiday.

November 12, 2019

Trade Battles With China Could Damage 1.47 Million US Jobs, Says Study

President Donald Trump’s long-running trade battle with China is putting nearly 1.47 million U.S. jobs at risk, according to a new study commissioned by the Port of Los Angeles and written by global consulting firm BST Associates.

November 12, 2019

Offshore Oil to Peak in 2020, Then Join Shale in Market Drop, Analysts Say

Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions.

November 12, 2019

Las Vegas Bridge Project Reaches Halfway Point

The Nevada Department of Transportation recently announced its connector bridge project in Las Vegas is halfway to completion.

November 12, 2019

13.5% of Vehicles Inspected During Brake Safety Week Placed Out of Service

About 13.5% of commercial motor vehicles inspected in the U.S. and Canada during 2019 Brake Safety Week in September were removed from roadways for brake-related violations, the Commercial Vehicle Safety Alliance announced Nov. 12.

November 12, 2019

Pemex Faces Payment Problems After Cyberattack Shut Down System

A ransomware attack that hit Mexico’s Petroleos Mexicanos is disrupting the company’s billing systems, according to people familiar with the situation.

November 12, 2019