Trucking Scores a Win in Rhode Island Tolls Case
An appeals court has determined that the trucking industry’s lawsuit against Rhode Island’s trucks-only tolling system is valid and can proceed in federal court.
December 6, 2019OPEC Nations, Russia Agree to Cut Oil Output to Lift Prices
The OPEC oil-producing countries and ally Russia said Dec. 6 they have agreed to cut their crude production by an extra 500,000 barrels a day as they try to support global energy prices.
December 6, 2019US Gains a Robust 266,000 Jobs
WASHINGTON — Hiring in the United States jumped last month to its highest level since January as U.S. employers shrugged off trade conflicts and a global slowdown and added 266,000 jobs.
December 6, 2019Watchdog Faults Rushed EPA Rulemaking on Glider Trucks
WASHINGTON — The Trump administration rushed to exempt glider trucks from clean air rules without conducting a federally mandated study on how it would impact public health, the Environmental Protection Agency’s inspector general said Dec. 5.
December 6, 2019Two Former Celadon Executives Charged in Fraud Scheme
The Securities and Exchange Commission and federal prosecutors on Dec. 5 charged two former top executives of Indianapolis-based trucking company Celadon Group Inc. for their participation in an accounting fraud in 2016 and 2017 that allegedly inflated the company’s income and earnings per share.
December 5, 2019Saudi Aramco Plans $25.6 Billion Share Sale in Richest IPO Ever
DUBAI, United Arab Emirates — Saudi Arabian oil company Aramco on Dec. 5 set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft.
December 5, 2019Share of Small Businesses Planning Higher Pay Nears Record
As a tight labor market makes filling positions more difficult, 26% of U.S. small-business owners plan to increase pay in coming months, the most since a record in 1989, according to a National Federation of Independent Business report out Dec. 5.
December 5, 2019Enhance Freight Connectivity in Next Highway Bill, Executives Tell US House Panel
Consideration in Congress of an extensive update to federal transportation guidelines must prioritize sustainable funding that enhances freight connectivity and reduces congestion, industry stakeholders told lawmakers on Capitol Hill on Dec. 5.
December 5, 2019Possibilities, Costs ‘Enormous’ for A2A Rail
The backers of a new rail line to link Alaska to Canada and Lower 48 markets insist it would generate upward of $5 billion of freight revenue through the state.
December 5, 2019US Trade Gap Narrows 7.6% to $47.2 Billion in October
WASHINGTON — The U.S. trade deficit narrowed in October as imports fell faster than exports. The politically sensitive trade gap with China dropped.
December 5, 2019