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OPEC+ Agrees on Gradual Easing of Oil-Output Cuts Next Year

The Organization of Petroleum Exporting Countries and its allies reached an agreement to ease its oil-output cuts next year more gradually than previously planned, giving a fragile market more time to absorb the extra supply.

December 3, 2020

US Jobless Claims Drop, Offering Ray of Hope for Labor Market

Applications for U.S. state unemployment benefits fell by the most in almost two months, offering some hope that the gradual recovery in the job market will continue despite a spike in COVID-19 infections and renewed business restrictions.

December 3, 2020

Property Carrier Brokers Fight Attempts to Make Public Their Pricing Documents

The Transportation Intermediaries Association is asking federal regulators to sunset a decades-old regulation that the group argues is out of alignment with today’s brokerage marketplace.

December 3, 2020

Maine Earns C-, West Virginia Gets D on ASCE Infrastructure Report Cards

The American Society of Civil Engineers on Dec. 2 released infrastructure report cards for Maine and West Virginia, both of which reflect challenges associated with aging infrastructure and financial needs.

December 2, 2020

Fed Sees Moderate Growth With Virus Causing Slowdowns

The U.S. economic recovery remained moderate across much of the country, and showed signs of a slowdown in areas where coronavirus cases are particularly high, according to a Federal Reserve report.

December 2, 2020

Congestion, Slowdown at Ports Cause Growing Concern

Many of the nation’s ports, especially on the West Coast, are reporting long delays to unload cargo ships, and warehouses near those facilities are filled as the supply chains are overloaded with goods.

December 2, 2020

Jason’s Law Survey Shows Truck Parking Remains a Challenge

A five-year update to a major parking availability survey for truck drivers had pretty much the same bottom line: There remains an overall critical shortage of parking spaces for truck drivers.

December 2, 2020

Biden Win Is Pressuring Carmakers to Unite on Tailpipe Rules

Carmakers that signed up for President Donald Trump’s battle with California over auto emissions are now being pressured to join a peace plan brought on by the election of Joe Biden.

December 2, 2020

Joe Biden Says He Won’t Immediately Lift China Tariffs

President-elect Joe Biden says he won’t immediately lift tariffs placed by President Donald Trump on many imports from China or break Trump’s initial trade deal.

December 2, 2020

TSA PreCheck Bill May Have Applications for Trucking, ATA Says

A U.S. Senate bill meant to facilitate online and mobile access for Transportation Security Administration background checks has been endorsed by American Trucking Associations.

December 1, 2020