Government, Business, Technology

Chipmakers’ Struggles Have Wall Street Worried About a Recession

Semiconductor stocks took a beating after a grim profit warning from Micron Technology Inc. sparked fresh worries about corporate America’s earnings power with the U.S. potentially heading for a recession.

July 1, 2022
Government, Business, Technology, Logistics, Autonomous

FAA Approves Zipline’s Drone-Delivery Service as Air Carrier

Zipline International Inc., a drone-delivery company that has made thousands of medical drops in Africa, was approved by U.S. regulators to operate as a small air carrier.

June 21, 2022
Government, Business, Technology, Equipment

US Sanctions Help China Supercharge Its Chipmaking Industry

China’s chip industry is growing faster than anywhere else in the world, after U.S. sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components.

June 21, 2022
Government, Business, Technology, Equipment

China’s Chipmaking Power Grows Despite US Effort to Counter It

China’s semiconductor industry is showing signs of flourishing even in the face of Biden administration efforts to counter its growth, raising alarm bells in Washington.

June 13, 2022
Government, Business, Technology, Logistics

China Truck Data Showing Lockdown’s Hit Disappears From Public

Real-time trucking data that shows the heavy toll of COVID restrictions on China’s economy is no longer being made publicly available, according to the company that collects the information.

May 25, 2022
Business, Logistics

XPO Logistics Considers Sale of Freight-Forwarding Unit

XPO Logistics Inc. is considering a sale of its freight-forwarding unit as it continues to pursue divestitures, according to people with knowledge of the matter.

May 13, 2022
Government, Business, Fuel

Diesel, Gas Refining Capacity Too Low to Meet Demand

From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both U.S. travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels.

May 13, 2022
Government

Biden Weighs Tariff Cuts to Fight High Inflation

President Joe Biden said May 10 he and his advisers are weighing whether to cut U.S. tariffs on foreign imports to try to fight inflation.

May 10, 2022
Government, Business, Fuel

Shell Will Sell Russia Fuel Stations as Part of Exit Plan

Shell Plc is in talks to sell its fuel stations in Russia as it withdraws from the country in response to the invasion of Ukraine.

May 6, 2022
Government, Business, Safety, Logistics

Texas Ag Commissioner Blasts Governor’s Border Crackdown

Texas Agriculture Commissioner Sid Miller blasted Gov. Greg Abbott’s “catastrophic” crackdown on cross-border trucking and warned it will lead to food shortages in the second-largest U.S. state.

April 13, 2022