US Budget Deficit Running 11.8% Higher This Year
The U.S. budget deficit through the first three months of this budget year is up 11.8% from the same period a year ago, putting the country on track to record its first $1 trillion deficit in eight years.
January 13, 2020Chassis Maker CIMC Intermodal Equipment to Change Name to CIE Manufacturing
Chassis manufacturer CIMC Intermodal Equipment is readying a name change to CIE Manufacturing and has plans to move container chassis production to the United States from China.
January 13, 2020Trump to Promote Trade Deals in Speech to Farmers
WASHINGTON — President Donald Trump will highlight his policies on trade and domestic energy in a speech to U.S. farmers next week, the White House announced Jan. 13.
January 13, 2020NRF Report Points to Tariffs as Key Reason for Port Slowdown
U.S. import container volumes are expected to show a nearly 1% drop when the final numbers for 2019 are in, the National Retail Federation and Hackett Associates said.
January 13, 2020Class 8 Sales in December Slip, but Soar for Full-Year Period
U.S. Class 8 retail sales in December dropped 11.4% compared with a year earlier, but the full year posted the highest annual sales since 2006, WardsAuto .com reported.
January 13, 2020Information, Communication Technology Can Improve Port Efficiency, Experts Say
The adoption of information and communication technology can help facilitate operations at ports, according to Agustina Calatayud, senior transport specialist at the Inter-American Development Bank.
January 13, 2020Waymo Sees Human Drivers in Autonomous Cars for Foreseeable Future
Alphabet Inc.’s Waymo took a big step forward last fall when it began ferrying riders around the Phoenix area in robotaxis without human safety drivers. Humans have been behind the wheel for almost all of the 20 million miles of testing the company says it has completed on public roads.
January 13, 2020Drone Deliveries Begin a Slow Takeoff
Aerial drones are emerging as a way to help solve challenges associated with last-mile deliveries in a number of conditions and environments.
January 13, 2020Oil Holds Biggest Weekly Loss Since July on Easing Gulf Tension
Oil was steady after the biggest weekly drop since July as an easing of geopolitical tension in the Middle East turned attention back to a flood of new supply set to hit the market this year.
January 13, 2020Automakers Tout Electric Future While Building More Diesels
As a commitment to a post-carbon future of zero-emissions electric vehicles, General Motors Co. is converting its Detroit-Hamtramck Assembly plant to the manufacture of electric trucks. At the same time, it is introducing for the first time diesel versions of its Chevy Tahoe and Suburban SUVs, and the Silverado pickup.
January 13, 2020