FRANKFURT, Germany — Eight members of OPEC+ decided Dec. 5 to put off increasing oil production as they face weaker than expected demand and competing production from non-allied countries.
December 5, 2024Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Port Operators Threaten to Halt Talks Over Automation Issue
Operators of East and Gulf Coast port terminals said they won’t continue bargaining with union dockworkers if it means giving up their right to invest in semi-automated cargo handling equipment.
December 5, 2024House and Senate Finalize Water Infrastructure Package
Transportation policymakers on Capitol Hill finalized a comprehensive water infrastructure legislative package, paving the way for its end-of-the-year passage.
December 4, 2024EV Charging Firm Ideanomics Files for Bankruptcy
Ideanomics, which owns technology used to charge electric buses and other commercial vehicles, has filed for bankruptcy.
December 4, 2024Nippon Steel Confident It Can Close Widely Opposed US Deal
Nippon Steel reiterated confidence that its $14.1 billion acquisition of U.S. Steel Corp. can be completed by year-end, even as the current and incoming presidents oppose the takeover.
December 4, 2024Trump Taps Peter Navarro as Trade Counselor
President-elect Donald Trump tapped Peter Navarro as his senior counselor for trade and manufacturing, elevating him to a role similar to the one he played in the first Trump administration.
December 4, 2024Volatility Retreats in Crude Oil Market
With OPEC+ set to make a pivotal decision on production policy, oil prices remain resolutely rangebound, even with a second Donald Trump presidency imminent.
December 4, 2024Losses in China Lead to $5 Billion Charge for GM
DETROIT — The poor performance of General Motors’ Chinese joint ventures is forcing the company to write down assets and take a restructuring charge totaling more than $5 billion in Q4.
December 4, 2024Texas Supreme Court Hears Werner’s $100M Verdict Appeal
Werner attorney Thomas Wright told the court that driver Shiraz Ali could not have foreseen that a pickup truck would suddenly cross an icy divided highway and strike the carrier’s truck.
December 3, 2024Snowstorm Heads for Great Lakes Region Again
Even more snow could be on the way for places in the Great Lakes region that are still digging out after days of storms caused deadly wrecks and buried some towns under nearly 6 feet of snow.
December 3, 2024