The U.S. oil industry is delivering a one-two punch to Middle East producers already reeling from a collapse in prices. A tussle is playing out in the market for so-called light oils, which have a lower sulfur content and are less dense than heavier varieties.
December 27, 2018Search
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Volume Growth Continues at Nation's Ports as US, China Resume Trade Talks
The nation’s ports continued to see steady growth in November cargo volume, as shippers moved goods to the United States from overseas in advance of the holiday shopping season and rushed to get cargo stateside ahead of expected tariffs on shipments from China.
December 27, 2018Zoox Wins First Permit to Ferry California Public in Robot Rides
Driverless car startup Zoox Inc. became the first company to win approval to transport members of the public in its driverless test vehicles in California, according to a statement from the California Public Utilities Commission.
December 27, 2018Drug Use Increases for Workers in Transportation, Warehousing Sector
Drug use by workers in five sectors of the U.S. economy — including the transportation/warehousing sector — showed significant increases from 2015 to 2017, according to a new analysis of more than 10 million urine drug test results nationally by drug testing firm Quest Diagnostics.
December 27, 2018Freight Transportation, Infrastructure Issues Headline TRB Annual Meeting
Academics, stakeholders, policymakers and agency officials from every level of government are expected to meet in downtown Washington in January for one of the largest gatherings of the country’s transportation community.
December 27, 2018Uber Puts First Self-Driving Car Back on the Road Since Death
Uber Technologies Inc., which halted its self-driving car program after the death of a pedestrian in March, resumed testing of self-driving cars on public roads in Pittsburgh on Dec. 20, the company said.
December 22, 2018Stalemate Results in Partial Government Shutdown
The federal government has partially shut down after lawmakers failed to pass a spending bill because of an impasse with President Donald Trump over his demands to fund a wall on the U.S.-Mexico border.
December 22, 2018FMCSA Agrees to Pre-Empt California Meal-and-Rest-Break Rules
The Federal Motor Carrier Safety Administration on Dec. 21 determined that federal rest-break laws pre-empt California’s separate meal-and-rest-break requirements, handing a victory to trucking industry groups.
December 21, 2018Factories Lead Canada’s Fastest Economic Growth in Five Months
Canadian gross domestic product grew at the fastest pace in five months on a lift from manufacturing, while oil made an unexpected contribution as prices began to fall for Alberta crude.
December 21, 2018Consumer Spending Tops Forecasts as Inflation Data Mixed
U.S. consumer spending rose more than forecast in November and the prior month was revised higher, a sign the biggest part of the economy is again poised to drive growth this quarter. An underlying inflation gauge watched by the Federal Reserve showed a slight pickup.
December 21, 2018