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Saudi Oil Flood to China Persists Despite Historic Cuts

An early look at Saudi Arabia’s crude exports for May shows that historic production cuts have done little to squelch the kingdom’s flood of oil to China, which is just getting back on its feet from the coronavirus.

May 29, 2020

US Consumer Spending Plunges While Stimulus Boosts Incomes

U.S. consumer spending, which accounts for about two-thirds of the world’s largest economy, plunged in April by the most on record after the coronavirus pandemic halted purchases of all but the most essential goods and services.

May 29, 2020

GSA to Expand California’s Busiest Truck Checkpoint

The General Services Administration is preparing to start work on an expansion project for the Otay Mesa Land Port of Entry, California’s busiest border crossing point for commercial trucks.

May 29, 2020

Driving Hasn’t Found Its New Normal Yet, NHTSA Data Shows

Memorial Day weekend, the typical start of the U.S. summer driving season, has come and gone. Data on just how much driving Americans did is trickling in, and it’s a bit noisy.

May 28, 2020

New Economic Data Show How Deep and Fast Recession Began

Just how deep and swift the U.S. economy’s plunge into a recession has been since the coronavirus pandemic hit the nation was evidenced by a number of reports, including that millions continued to apply for unemployment benefits.

May 28, 2020

New Jersey Highway Tolls to Rise up to 36%

Tolls on three major New Jersey highways will rise by as much as 36% after Gov. Phil Murphy declined to use his veto power over authorities that approved the increases, effectively allowing them to take place.

May 28, 2020

Democrats Push Pandemic Aid, Highlight Infrastructure Package

House Democrats signaled the potential for unveiling a comprehensive infrastructure measure in the near-term as they continue to push Senate leaders to consider a pandemic relief bill that would provide $15 billion for highway programs.

May 28, 2020

US Layoffs Climb to 41 Million, Despite Business Reopenings

An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country, bringing the running total since the coronavirus shutdowns took hold in mid-March to about 41 million, the government said May 28.

May 28, 2020

Fitzgerald Seeks Summary Judgment in $83 Million Tax Case

Attorneys for the nation’s largest glider truck manufacturer have asked a federal judge for permission to seek a partial summary judgment to block an attempt by the IRS from collecting $83 million in back taxes and penalties.

May 27, 2020

Zipline Medical Drones Begin Flying in the US

On May 22, before Memorial Day, a six-foot long, red-and-white drone took off from a field in Kannapolis, N.C., flew 15 miles west over suburban Charlotte to Novant Health’s Huntersville Medical Center, and dropped a box of protective masks in a designated spot next to the parking lot.

May 27, 2020