Three OPEC members identified by their peers as failing to bring production down to target levels in May appear to have begun improving their compliance in June, if lower exports are any indication. But for the biggest overproducer, Iraq, that first step is a small one.
June 16, 2020Search
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DOD Pulls Back $20 Billion Contract for Military Family Moves
Military officials have pulled back a sweeping multibillion-dollar contract intended to address military families’ long-standing problems with delays and damaged goods during their roughly 400,000 annual moves to assignments around the globe.
June 16, 2020Iowa Transportation Commission Approves Five-Year Plan
The Iowa Transportation Commission recently approved the state’s transportation improvement program.
June 16, 2020Powell Warns That Long Downturn Would Mean Severe Damage
Federal Reserve Chairman Jerome Powell said the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery.
June 16, 2020Retail Sales Soared a Record 17.7% in May, Double Forecast
U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen.
June 16, 2020Average Price of Diesel Inches Upward by 0.7¢ to $2.403
The national average price of diesel has increased seven-tenths of a cent to $2.403, according to the Energy Information Administration.
June 15, 2020DOT Launches AV TEST Initiative
The U.S. Department of Transportation has launched a program to increase transparency and inform members of the public about automated vehicle technologies.
June 15, 2020Fed Will Begin Buying Broad Portfolio of Corporate Bonds
The Federal Reserve said June 15 that it will begin buying individual corporate bonds under its Secondary Market Corporate Credit Facility, an emergency lending program that to date has purchased only exchange-traded funds.
June 15, 2020Truckers Praised for Contributions to Country’s Economy
Transportation Secretary Elaine Chao says truckers continue to serve on the front line in the battle against the COVID-19 pandemic even as more of the economy is beginning to reopen. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
June 15, 2020Driverless Car Industry Gets a Nudge on Standards, Transparency
Hundreds of driverless cars have been tested in locations across the U.S. in recent years, but standards are inconsistent and in a handful of cases there have been accidents and even a death.
June 15, 2020