Americans kept spending in August, but the pace of that growth is slowing as millions of people who lost jobs have now lost a $600-a-week boost in their unemployment checks.
September 16, 2020Search
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US Removes Canada Aluminum Tariffs Amid Retaliation Threat
The U.S. announced the removal of aluminum tariffs it slapped on Canada last month.
September 15, 2020WTO: US Tariffs on China Are Illegal
A World Trade Organization panel ruled Sept. 15 that Trump administration tariffs on $200 billion worth of Chinese goods are illegal, vindicating Beijing even if the United States has all but incapacitated the WTO’s ability to hand down a final, binding verdict.
September 15, 2020Industrial Production Growth Slows, Up 0.4% in August
U.S. industrial production slowed to a modest increase of 0.4% in August, far weaker than the strong bounceback recorded in previous months when factories were coming back to life.
September 15, 2020Oil Traders Snap Up Tankers in Sign Second-Wave Glut Is Near
Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for monthslong charters so that they can be ready to store excess barrels if necessary.
September 11, 2020Kentucky Officials Award Funds to Freight-Moving River Ports
Kentucky officials recently announced $450,000 has been awarded to five river ports to assist with critical repairs and equipment improvements.
September 11, 2020Fleets Rally to Aid Hurricane Laura Victims
Hurricane Laura wreaked havoc when it made landfall Aug. 27, but fleets have rallied to help the victims in the couple of weeks since.
September 10, 2020Oil Market Buckles Under Pressure of Pandemic’s Second Wave
Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.
September 9, 2020ATRI Opens Annual Top Industry Issues Survey
The American Transportation Research Institute has opened its annual survey asking trucking industry representatives to identify major industrywide issues.
September 8, 2020Boeing Finds New 787 Flaw, Slows Deliveries for Inspection
Boeing Co. has slowed deliveries of its 787 Dreamliner as crews check for a new manufacturing flaw involving gaps in the horizontal stabilizer, the small wing in the aircraft tail.
September 8, 2020