Consumer Sentiment Cools as Storms Deliver Hit to Outlook
Concern over the fallout from a pair of late-summer hurricanes caused U.S. consumer sentiment to dip in September, though Americans remain relatively optimistic about the direction of the economy, a University of Michigan survey showed Sept. 29.
US DOT Grants $40 Million in Relief Funds to Puerto Rico
Puerto Rico will receive $40 million in federal relief funds to repair damage wrought by Hurricane Maria.
US Jobless Claims Rise on Irma's Effects in Florida, Georgia
U.S. filings for unemployment benefits rose last week on increases in Florida and Georgia after the southeastern states were hit by Hurricane Irma, Labor Department figures showed Sept 28.
September 28, 2017Trump Waives Jones Act to Speed Up Aid Shipments to Puerto Rico
President Donald Trump ordered the Jones Act to be waived for shipments to hurricane-ravaged Puerto Rico immediately at the request of Governor Ricardo Rossello, White House press secretary Sarah Sanders said Sept. 28.
New-Home Sales Cool, Supply Jumps as Storms Strike South
A second straight decline in purchases of new U.S. homes, combined with downward revisions for prior months, show a tepid market as results begin to be clouded by the fallout from Hurricanes Harvey and Irma, according to government data Sept. 26.
September 26, 2017Transportation Rebounding From Hurricane Harvey’s Havoc
Container ships bound for Houston called on other ports as Hurricane Harvey slogged its way across the upper Texas coast and into the history books.
Jobless Claims Decline as Hurricane Harvey Impact Fades in Texas
Applications for unemployment benefits in the U.S. unexpectedly declined last week as the Hurricane Harvey-related surge in Texas filings continued to reverse, Labor Department figures showed Sept. 21.
September 21, 2017Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low
Oil advanced to the highest level since May after U.S. gasoline stockpiles plunged to a 22-month low and exports of crude and fuels surged.
Floodwaters Bring Warnings of Damaged Truck Components
Brakes, diesel particulate filters, electronics and wheel-ends are some of the key components that fleets should inspect on their vehicles as they recover from flooding brought on by hurricanes Harvey and Irma, experts said, adding that without remediation safety component failures are likely to surface in a matter of months.
Existing-Home Sales Fall to a One-Year Low After Hurricane Harvey
Sales of previously owned U.S. homes declined to a one-year low in August as affordability continued to hamper demand and Hurricane Harvey caused a slump in Houston-area purchases, a National Association of Realtors report showed Sept. 20.
September 20, 2017