The incoming Biden administration faces a U.S. economy that appears to be slowing as COVID-19 cases surge.
Category: News
Saudis Curb Oil Supply to Some Buyers After Vow to Pump Less
Saudi Arabia reduced crude oil supplies to at least 11 refiners in Asia and most buyers in Europe after the kingdom volunteered to cut its production by 1 million barrels a day for February and March.
US Core Consumer-Price Gauge Cools Slightly From Prior Month
A key measure of prices paid by U.S. consumers cooled in December from a month earlier as slack in the labor market and muted demand helped keep inflation pressures tame.
US Core Consumer-Price Gauge Cools Slightly From Prior Month
A key measure of prices paid by U.S. consumers cooled in December from a month earlier as slack in the labor market and muted demand helped keep inflation pressures tame.
Paccar Parts Begins Selling Electric Vehicle Chargers
Paccar Parts announced it is making available to customers electric vehicle charging stations designed to be compatible with Paccar Inc.’s Kenworth Truck Co., Peterbilt Motors Co. and DAF electric trucks.
Wisconsin DOT Allocates $131.4 Million for Local Governments
The Wisconsin Department of Transportation recently announced $131.4 million in funding has been distributed to communities across the state.
Substantial Investments Needed for Infrastructure, ASCE Report Says
Failure to invest in long-term infrastructure upgrades will likely result in trillions of dollars in lost business productivity, ASCE said in a new report.
Group of Uber, Lyft Drivers Ask California Court to Scrap Ballot Measure
A group of ride-hail and delivery drivers are suing to invalidate the California ballot measure approved in November that declared them independent contractors, the latest volley in the state’s yearslong struggle over whether gig workers are employees.
DHL Owner Deutsche Post Reaps Profit Boost as Virus Spurs Demand
Deutsche Post AG reported record earnings as its DHL express-delivery arm benefited from a surge in home shopping spurred by the coronavirus crisis.
XPO Logistics Partners With Truckers Against Trafficking
XPO Logistics Inc. announced Jan. 11 that it has formed a partnership with Truckers Against Trafficking in an effort to combat the crime.