13 Nov Al Gore’s Fund Leads $400 Million Deal With Convoy In the four years since it was founded, Convoy Inc. has assembled a lineup of big-name investors that includes Bill Gates, Jeff Bezos and Marc Benioff. It’s adding one more to the list: Al Gore. Read more...
13 Nov Truckers File First Suit Contesting California Gig Economy Law SACRAMENTO, Calif. — The California Trucking Association on Nov. 12 filed what appears to be the first lawsuit challenging a sweeping new labor law that seeks to give wage and benefit protections to workers in the so-called gig economy, including rideshare drivers at companies such as Uber and Lyft. Read more...
13 Nov World Thirst for Oil Keeps Growing, With SUVs a Key Culprit PARIS — The world’s thirst for oil will continue to grow until the 2030s, with climate-damaging emissions climbing until at least 2040 — and consumers’ insatiable appetite for SUVs is a big reason why. Read more...
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...