West Texas Intermediate crude futures dropped below $100 a barrel for the first time since May 11 as concerns grow that a global economic slowdown will ultimately hobble demand.
July 5, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Gasoline Market Is Starting to Cool Down
It’s been a tailwind for oil prices for most of this year, but the previously booming U.S. gasoline market is showing a few signs of cooling off.
July 5, 2022Florida Seeks to Add Truck Parking Near Miami
Florida is exploring project delivery options in an $18 million plan to add 135 truck parking spaces in a new truck travel center near the Golden Glades interchange and close to Miami.
July 5, 2022Logistics Gauge Shows Economy Downshifting Into Second Half
An indicator of U.S. supply chain pressure fell to the lowest level in two years, as a sharp drop in transportation costs underscores the slowdown in the nation’s economy heading into the second half of the year.
July 5, 2022West Coast Dockworkers Extend Labor Talks
The union representing about 22,000 West Coast dockworkers and their employers will continue negotiations for a new labor contract past the July 1 expiration of their current pact and said the ports — among them the U.S.’s busiest — will keep functioning.
July 1, 2022Chipmakers’ Struggles Have Wall Street Worried About a Recession
Semiconductor stocks took a beating after a grim profit warning from Micron Technology Inc. sparked fresh worries about corporate America’s earnings power with the U.S. potentially heading for a recession.
July 1, 2022EIA Diesel Prices Still in Limbo Going Into Third Week
The U.S. Energy Information Administration is delaying its weekly release of national diesel prices for a third week in a row due to network issues, it announced June 30.
July 1, 2022Manufacturing Growth Weakens to Two-Year Low as Orders Slump
A measure of U.S. manufacturing activity weakened in June to a two-year low as new orders contracted, restrained by lingering supply constraints and some softening in demand.
July 1, 2022Agency Clears Way for Oakland Athletics Ballpark Plan at Port
SAN FRANCISCO — A California agency on June 30 cleared the way for the Oakland Athletics to continue planning a $12 billion waterfront ballpark project.
July 1, 2022Record Drivers for July 4th Weekend to Boost Gasoline Demand
Gasoline demand in the U.S. is set to get a bump this July 4th weekend as a record number of drivers are expected to hit the road with some relief at the pump.
June 30, 2022