Shares in the world’s biggest shipping company slumped May 24 after its CEO started discussing the fallout of global trade tensions on his industry.
May 24, 2019Search
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US Orders for Long-Lasting Goods Fall 2.1% in April
WASHINGTON — Orders to U.S. factories for large manufactured goods fell sharply in April, pulled down by lower demand for commercial aircraft and cars.
May 24, 2019Jobless Claims Hit Five-Week Low Amid Tight Labor Market
Filings for U.S. unemployment benefits unexpectedly dipped to a five-week low, offering a fresh sign the job market remains historically tight amid other mixed signals on the economy.
May 23, 2019Analysts Make Threatened Tariff Hikes Baseline of Economic Forecasts
After months of predicting a trade deal between the world’s largest economies, economists at some of the biggest financial institutions are growing increasingly pessimistic.
May 23, 2019Illinois Gov. J.B. Pritzker’s $41.5 Billion Infrastructure Plan Includes Tax Hikes
Illinois Gov. J.B. Pritzker has drafted a $41.5 billion plan that would rely on a slew of new taxes and tax increases to repair the state’s infrastructure.
May 22, 2019In Middle of Trade War, Port of Los Angeles Terminal Gets Ready for Robots
Pier 400 in Los Angeles is North America’s largest shipping terminal. More than 1,700 trucks pass through on average per day, even in the middle of the U.S.-China trade war.
May 22, 2019Infrastructure Talks Between Trump, Democrats Break Down
Bipartisan negotiations on infrastructure policy came to a halt May 22, with President Donald Trump and congressional Democratic leaders each questioning the other side’s commitment on the issue.
May 22, 2019Perspective: The Time to Act on Infrastructure Is Now
It is one of the greatest networks built in the history of mankind. From the Evergreen State of Washington to the Sunshine State of Florida and from the Golden State of California to the Pine Tree State of Maine — more than 45,000 miles of interstate highways connect us from coast to coast. Whether carrying food from the farm to the table, or goods from the factory floor to store shelves, interstate highways are the lifeblood of our nation’s commerce.
May 22, 2019Diesel Inches Higher to $3.163 a Gallon
The U.S. average retail price of diesel rose 0.3 cent to $3.163 a gallon, the Department of Energy reported, while crude climbed to $63.14, the highest level in almost three weeks amid opposing supply-and-demand signals.
May 20, 2019Survey Reveals Ambivalence Over Washington, D.C.-Area Tolls
A recent poll surveying Washington, D.C.-area residents on transportation issues reveals mixed support for toll roads in the region.
May 20, 2019