Business

Russia’s lack of support for continuing global production curbs in July punctured oil’s rally to a nearly three-month high and raised questions about OPEC+’s ability to drain a massive supply glut.

The U.S. Department of Transportation recently announced it will provide a loan for up to $120.1 million to the Oklahoma Turnpike Authority for an expressway project in the Tulsa area.

Amazon .com Inc.’s talks to buy driverless vehicle startup Zoox Inc. has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-booking companies on their heels.

Twenty-seven members of Congress representing the states of New York and New Jersey are asking leaders in the House and Senate to include $3 billion in relief funds for the Port Authority of New York and New Jersey in a future coronavirus financial aid package.

The South Carolina Department of Transportation is projecting to lose millions of dollars in revenue because of the COVID-19 pandemic’s impact on motor fuel taxes and car sales taxes, according to transportation officials.

Despite the cancellation of the national competition, states remained free to make an independent decision regarding their own event. Although several chose initially to postpone, ultimately every state ended up canceling its event.

During its first-quarter earnings call May 20, Target Corp. said its stores helped fulfill an unexpected surge in online orders.

The nationwide average price of diesel fuel increased by about half a penny, the U.S. Energy Information Administration reported May 26, ending a streak of 19 consecutive weekly price decreases.

Fleet management solutions company Omnitracs has extended its partnership with transportation management provider McLeod Software.

Legislation that would compensate essential workers who became ill or died from COVID-19 while performing their services was recently introduced by Senate Democrats.