06 Dec OPEC 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. Read more...
06 Dec Where’s My Amazon Package? It May Be Late NEW YORK — It’s just a week into the holiday shopping season, and Amazon already is having trouble getting packages to shoppers’ doorsteps on time. Read more...
06 Dec In-Cab Monitoring Uses Machine Vision to Detect Fatigued, Distracted Driving In-cab monitoring systems can help fleets keep drivers out of danger, but technology should be just one part of the broader culture of safety within a company. Read more...
06 Dec US 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. Read more...
06 Dec Watchdog 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. Read more...
05 Dec Two 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. Read more...
05 Dec Lineage Acquires Emergent Cold as Refrigerated Supply Heats Up Lineage Logistics Holdings said it will acquire Emergent Cold in the latest consolidation of cold-storage companies that do business globally. Read more...
05 Dec Saudi 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. Read more...
05 Dec Freight Rail Growth Slows Due to Competition From Trucking Growth in rail freight has been hampered this year by competition from trucking, in part driven by trucking’s falling rates and extra capacity. Read more...
05 Dec Share 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. Read more...