Shippers, Retailers Focus on Upcoming ILWU, PMA Contract Talks
The retail sector is urging West Coast port workers and leaders to begin negotiations early on a new labor contract, a move that could prevent potential future delays at facilities that already are dealing with backlogs.
February 28, 2022US, Allies Discuss Oil Reserve Release of 60 Million Barrels
The U.S. and its allies are discussing a coordinated release of about 60 million barrels of oil from their emergency stockpiles after Russia’s invasion of Ukraine pushed crude prices above $100.
February 28, 2022BP Exits Stake in Russian Oil, Gas Company Rosneft
BP is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine.
February 28, 2022ATA President Spear Gives Inside Look at Supreme Court Win
American Trucking Associations President Chris Spear in an exclusive interview for Transport Topics’ Newsmakers series shared behind-the scenes details on ATA’s decision to lead a challenge to the Biden administration’s proposed vaccine mandate for large companies.
February 25, 2022Key Inflation Gauge Hit 6.1% in January
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.
February 25, 2022Oil Pulls Back From $100 Amid Report That Putin Is Open to Talks
Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment.
February 25, 2022Rocky Mountain States to Team Up on Hydrogen Tech Proposal
CHEYENNE, Wyo. — Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the states’ governors announced Feb. 24.
February 25, 2022Biden Hits Russia With Sanctions, Says Putin ‘Chose’ War
President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin “chose this war” and his country will bear the consequences.
February 24, 2022Diesel Rises 3.6¢ to $4.055 in Seventh Straight Increase
The national average price for diesel continued to climb, albeit at a slower rate, rising 3.6 cents to a nearly nine-year-high of $4.055 a gallon, according to Energy Information Administration data released Feb. 22.
February 24, 2022Biden Promotes Social Infrastructure
At his State of the Union on March 1, President Joe Biden is expected to promote aspects of a nearly $2 trillion social infrastructure budget that dominated Democrats’ agenda last year.
February 24, 2022