The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s yearslong effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.
November 6, 2019Search
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US Productivity Unexpectedly Posts First Decline Since 2015
Productivity in the U.S. unexpectedly posted the first decline in almost four years and labor costs accelerated, suggesting a pickup in efficiency earlier this year was more of a temporary shift.
November 6, 2019Republican Leaders Continue to Press Action on USMCA
Supporters of the new United States-Mexico-Canada Agreement continue to pressure lawmakers on Capitol Hill to proceed with a vote on the trade deal, which was signed last year.
November 5, 2019Jack Cooper Exits Bankruptcy
Jack Cooper Holdings Corp. has exited its Chapter 11 bankruptcy proceedings, the auto-hauling logistics company said Nov. 4.
November 5, 2019Trudeau: Canada to Resume Pork, Beef Shipments to China
Canada will resume shipments of pork and beef to China, Prime Minister Justin Trudeau said, signaling the Asian nation has lifted an import ban imposed earlier this year.
November 5, 2019US Services Companies’ Growth Rebounds in October
WASHINGTON — Growth in the vast U.S. service sector rebounded in October after sinking to a three-year low in September, causing concern for investors and economists.
November 5, 2019Kansas DOT Selects 22 Projects Through Cost Share Program
State leaders recently announced 22 projects have been selected as part of the Kansas Department of Transportation’s Cost Share Program, which is meant to provide funding for transportation initiatives.
November 5, 2019China Wants US to Drop Tariffs on $360 Billion of Imports for Trade Deal
China is seeking the rollback of U.S. tariffs on as much as $360 billion of Chinese imports before President Xi Jinping agrees to go to the U.S. to sign a partial trade deal with President Donald Trump, according to people familiar with the matter.
November 5, 2019US Trade Deficit Falls to $52.5 Billion in September
The U.S. trade deficit fell in September to the lowest level in five months as imports dropped more sharply than exports and America ran a rare surplus in petroleum.
November 5, 2019Operational Cost of Trucking Up 7.7%, ATRI Report Says
The costs associated with trucking have increased substantially, according to a new report from the American Transportation Research Institute.
November 4, 2019