13 Nov Consumer Prices Up 0.4% in October; Gasoline Prices Surge WASHINGTON — Surging gasoline prices caused U.S. consumer prices to rise last month at the fastest pace since March. Read more...
12 Nov Diesel Climbs 1.1 Cents to $3.073 a Gallon The U.S. average retail price of diesel rose 1.1 cents to $3.073 a gallon, the Department of Energy reported Nov. 12, the day after the national Veterans Day holiday. Read more...
12 Nov Trade Battles With China Could Damage 1.47 Million US Jobs, Says Study President Donald Trump’s long-running trade battle with China is putting nearly 1.47 million U.S. jobs at risk, according to a new study commissioned by the Port of Los Angeles and written by global consulting firm BST Associates. Read more...
12 Nov Offshore Oil to Peak in 2020, Then Join Shale in Market Drop, Analysts Say Offshore oil production is expected to hit a peak in 2020 before joining the shale industry in a slowdown that could dramatically rewrite market supply predictions. Read more...
12 Nov ASCE Gives Puerto Rico’s Infrastructure Near-Failing D- Grade Puerto Rico’s overall infrastructure is at an almost failing level, a group of engineers determined in a first-of-its-kind report unveiled Nov. 12. Read more...
12 Nov Las Vegas Bridge Project Reaches Halfway Point The Nevada Department of Transportation recently announced its connector bridge project in Las Vegas is halfway to completion. Read more...
12 Nov Daseke Reports Net Loss of $273.3 Million in Q3 Flatbed and specialized fleet Daseke Inc. reported a net loss of $273.3 million in the third quarter of 2019, compared with a net profit of $2.2 million in the same quarter last year. Read more...
12 Nov 13.5% of Vehicles Inspected During Brake Safety Week Placed Out of Service About 13.5% of commercial motor vehicles inspected in the U.S. and Canada during 2019 Brake Safety Week in September were removed from roadways for brake-related violations, the Commercial Vehicle Safety Alliance announced Nov. 12. Read more...
12 Nov Pemex Faces Payment Problems After Cyberattack Shut Down System A ransomware attack that hit Mexico’s Petroleos Mexicanos is disrupting the company’s billing systems, according to people familiar with the situation. Read more...
12 Nov Chrysler Prodded Dealers Over 40,000 Cars They Didn’t Want Fiat Chrysler Automobiles NV has been manufacturing more cars and trucks than its U.S. dealers are willing to accept, at one point creating a nationwide stock of about 40,000 unordered vehicles and stoking tension with some of its retailers. Read more...