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Arkansas Approves Sales Tax; Rideshare Drivers Score Win in California

Although the next occupant of the White House remained unclear the day after the election, certain transportation-related issues were definitively settled at the state level Nov. 3.

November 4, 2020

House Transportation Chairman Peter DeFazio Wins Re-Election

Rep. Peter DeFazio beat back political newcomer Alek Skarlatos’ challenge to win another term as the federal legislator in Oregon’s 4th District.

November 4, 2020

Services Sector Expands for Fifth Straight Month

SILVER SPRING, Md. — The U.S. services sector, where most Americans work, registered its fifth consecutive month of expansion in October.

November 4, 2020

Fugitive Carlos Ghosn Aims to Settle Scores in Book

Executive-turned-international fugitive Carlos Ghosn is gunning for revenge in a new book published this week about the events surrounding his arrest in Tokyo two years ago, 130-day Japanese imprisonment and dramatic escape to Lebanon.

November 4, 2020

US Companies Add Fewer Jobs Than Forecast, ADP Report Shows

U.S. companies added fewer jobs in October than forecast, a private report showed, indicating the absence of additional fiscal stimulus is prompting some firms to adjust payrolls as the pandemic continues to wear on the recovery.

November 4, 2020

Uber, Lyft Spend Big, Win in California Vote About Drivers

LOS ANGELES — Uber, Lyft and other app-based ride-hailing and delivery services spent $200 million in a winning bet to circumvent California lawmakers and the courts to preserve their business model by keeping drivers from becoming employees eligible for benefits and job protections.

November 4, 2020

Trade Deficit Falls to $63.9 Billion in September

The U.S. trade deficit fell in September after hitting a 14-year high in August as exports outpaced imports.

November 4, 2020

OPEC President Says Saudis, Russia Push to Delay Supply Hike

Algeria, which this year holds the OPEC presidency, said that both Saudi Arabia and Russia were pressing fellow members to prolong the current oil-supply cuts into next year, rather than tapering them as planned. Algeria supported the proposal, the first country to publicly do so.

November 3, 2020

California Allows Private Sales of Electricity as Motor Truck Fuel

Volvo Trucks North America announced it, and other industry associations and companies, helped facilitate the modification of California utility rules to give private entities the ability to sell electricity as a motor fuel at publicly accessible charging stations for medium- and heavy-duty electric vehicles.

November 3, 2020

Stocks Rally, Crude Oil Jumps on Election Day

U.S. stocks rose as a gust of optimism swept through global equity markets as millions of Americans headed to vote. The dollar weakened and crude oil increased by the most in a month.

November 3, 2020