Acknowledging a steady drumbeat of criticism from activists and a vocal group of his own employees, Amazon.com founder and CEO Jeff Bezos announced the formation of a new organization, the Climate Pledge, to meet the goals of the landmark Paris climate agreement 10 years early.
September 19, 2019Search
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Federal Reserve Injects $75 Billion in Liquidity
The Federal Reserve added a third dose of liquidity to a vital corner of the funding markets Sept. 19, helping rates retreat further as investors warn that fresh bouts of stress remain possible in the weeks ahead.
September 19, 2019Rail, Intermodal Providers Add Technology, Improve Operations to Boost Efficiency
LONG BEACH, Calif. — Rail and intermodal providers said they are increasing speed and efficiency to become more competitive, and technology is helping them improve operations.
September 19, 2019Unemployment Filings Rise at Lower-Than-Expected Rate
Filings for U.S. unemployment benefits rose less than estimated and remained around historically low levels, offering the latest signs that the labor market is holding up.
September 19, 2019Energy Efficiency Across Transportation Sector Focus of House Hearing
Congressional support for technologies that promote energy efficiency is key to reducing emissions across the transportation landscape, industry stakeholders told a House panel Sept. 18.
September 19, 2019IMO 2020 Could Shift Freight Patterns, Increase Costs
LONG BEACH, Calif. — A panel representing the shipping industry spoke about the looming International Maritime Organization mandate that will require cargo vessels to burn low-sulfur diesel, and shippers and carriers said the requirements could lead to price increases or the rerouting of freight.
September 19, 2019US Steel Stock Takes Hit, Earnings Estimates Missed
U.S. Steel Corp. said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook. The shares fell.
September 19, 2019Ports Post Record Volume as Holiday Season Begins
Major U.S. seaports posted growth in containerized cargo volume for August, the start of the season when retailers begin importing holiday merchandise.
September 18, 2019Federal Reserve Cuts Rate .25%
Federal Reserve policymakers lowered their main interest rate for a second time this year while splitting over the need for further easing, caught between uncertainty over trade and global growth and a domestic economy that’s holding up well.
September 18, 2019Trump Says He Will Strip California’s Clean-Car Authority
President Donald Trump said he will revoke California’s authority to regulate greenhouse gas emissions from autos, confirming a widely-anticipated move that will escalate the ongoing dispute between his administration and California.
September 18, 2019