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Oil Set for Weekly Drop in Wake of Sluggish Global Economies

Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.

August 21, 2020

More States Sue DeJoy, USPS Over Mail-in Voting Concerns

Six more states and the District of Columbia sued Postmaster General Louis DeJoy over changes at the U.S. Postal Service that Democrats allege will undermine the expected surge in mail-in voting during an election that will play out during the coronavirus pandemic.

August 21, 2020

USPS Chief DeJoy: Election Mail Will Get Delivered on Time

Postmaster General Louis DeJoy defended his management of the U.S. Postal Service and said the agency is “fully capable” of handling what is expected to be a record number of mail-in ballots in the November election.

August 21, 2020

American Airlines to Drop Flights to 15 Cities in October

American Airlines will drop flights to 15 smaller U.S. cities in October when a federal requirement to serve those communities ends.

August 20, 2020

Jobless Claims Unexpectedly Increase to More Than 1 Million

Applications for U.S. unemployment benefits unexpectedly increased last week, a stumble for the labor market in its long road to recovery.

August 20, 2020

IMCC Files Claim Against OCEMA, Ocean Carriers

American Trucking Associations’ Intermodal Motor Carriers Conference on Aug. 17 filed a complaint against the Ocean Carrier Equipment Management Association and 11 international ocean carriers alleging conduct that violates the Shipping Act, charging they inflated prices in the intermodal chassis market at dozens of ports across the country.

August 20, 2020

Carriers Get Extension to Rid Systems of Chinese Technologies

The Director of National Intelligence has extended the deadline to Sept. 30 for a requirement that motor carriers that do business with the federal government locate and purge telecommunications equipment manufactured by five Chinese companies that may be in use in their operations.

August 19, 2020

White House Open to $25 Billion for USPS, McEnany Says

The Trump administration is willing to consider the Democrats’ plan to spend $25 billion on the U.S. Postal Service — as long as lawmakers also provide other coronavirus relief sought by the White House, said spokeswoman Kayleigh McEnany.

August 19, 2020

Fed Minutes Note Consumer Spending Rebound, Uncertainty

U.S. central bankers noted the rebound in consumer spending at their last meeting but repeated their view that the path of the recovery would depend on containment of the virus.

August 19, 2020

States Sue Trump Over USPS Even as Changes Paused

More than a dozen states sued President Donald Trump over changes at the U.S. Postal Service that they said trampled federal law and threatened delivery of mail-in ballots, even after Postmaster General Louis DeJoy pledged to delay the moves until after the November election.

August 19, 2020