OPEC Quota-Busters Start to Toe Line in June
Three OPEC members identified by their peers as failing to bring production down to target levels in May appear to have begun improving their compliance in June, if lower exports are any indication. But for the biggest overproducer, Iraq, that first step is a small one.
June 16, 2020DOD Pulls Back $20 Billion Contract for Military Family Moves
Military officials have pulled back a sweeping multibillion-dollar contract intended to address military families’ long-standing problems with delays and damaged goods during their roughly 400,000 annual moves to assignments around the globe.
June 16, 2020Iowa Transportation Commission Approves Five-Year Plan
The Iowa Transportation Commission recently approved the state’s transportation improvement program.
June 16, 2020Perspective: Workers’ Comp in the COVID-19 Era
Trucking companies that were handling workers’ compensation claims before the coronavirus pandemic may find resolution of these claims stalled for reasons that have nothing to do with the worker’s injury, says Lori Ilgenfritz of Gallagher Bassett.
June 16, 2020PacLease Celebrates 40 Years in Business
PacLease, a full-service truck rental and leasing company, reached the milestones of 40 years in business and 40,000 trucks being used.
June 16, 2020Powell Warns That Long Downturn Would Mean Severe Damage
Federal Reserve Chairman Jerome Powell said the U.S. economy faces a deep downturn with “significant uncertainty” about the timing and strength of a recovery.
June 16, 2020Northwest Equipment Sales Adds First Washington State Location
Northwest Equipment Sales has opened a dealership in Burbank, Wash., that offers brands from Mack Trucks and Volvo Trucks North America.
June 16, 2020Retail Sales Soared a Record 17.7% in May, Double Forecast
U.S. retail sales jumped in May by the most on record and double forecasts, regaining more ground than expected after unprecedented drops the prior two months as states allowed more merchants to reopen.
June 16, 2020Average Price of Diesel Inches Upward by 0.7¢ to $2.403
The national average price of diesel has increased seven-tenths of a cent to $2.403, according to the Energy Information Administration.
June 15, 2020DOT Launches AV TEST Initiative
The U.S. Department of Transportation has launched a program to increase transparency and inform members of the public about automated vehicle technologies.
June 15, 2020