Government, Business, Logistics

Government Shutdown Strains Emerge in US Air Travel System

The strain of a 34-day partial government shutdown is weighing on the nation’s air-travel system, both the federal workers who make it go and the airlines that depend on them. Air traffic controllers and airport security agents continued to work without pay — they will miss a second biweekly paycheck Jan. 25 — but high absentee rates raise the threat of long airport lines, or worse.

David Koenig | Associated Press
January 24, 2019
Business, Fuel

Exxon 3Q Profit Surges on Higher Energy Prices

DALLAS — Higher oil prices propelled Exxon’s third-quarter profit up 57% to $6.24 billion despite another drop in production. It was Exxon’s best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back.

David Koenig | Associated Press
November 2, 2018
Government, Business, Fuel

Economy Keeps Growing, Even With Rising Oil Prices

DALLAS — America’s rediscovered prowess in oil production is shaking up old notions about the impact of higher crude prices on the U.S. economy.

David Koenig | Associated Press
September 21, 2018
Government, Business

FedEx Downplays US-China Trade Spat’s Impact on Its Business

DALLAS — Shortly before the Trump administration announced a new round of tariffs against Chinese goods, FedEx Corp. leaders tried to assure investors Sept. 17 that a widening trade war will have little direct effect on the company.

David Koenig | Associated Press
September 18, 2018
Government, Business, Fuel

US Expected to Become World’s Top Oil Producer Next Year

The United States has nosed ahead of Saudi Arabia and is on pace to surpass Russia to become the world’s biggest oil producer for the first time in more than four decades.

David Koenig | Associated Press
July 13, 2018
Government, Business, Logistics

US Firms Weigh Higher Freight Bills Now Against Paying Tariffs Later

New tariffs on imports from China may leave American companies with a choice — pay a higher freight bill now or pay the tariffs starting soon.

David Koenig | Associated Press
June 21, 2018
Government, Business, Safety, Logistics

US Imposes New Security Measures on Incoming Air Cargo Shipments

U.S. authorities are requiring airlines to give them more notice about certain types of cargo that officials believe may pose a security risk.

David Koenig | Associated Press
June 12, 2018
Business, Fuel

Harvey Knocks Out More Refineries, Shifting Global Oil Flows

DALLAS — Hurricane Harvey is sending pump prices higher for U.S. motorists and causing temporary shifts in the flow of oil and gasoline around the world after taking down a huge chunk of U.S. refining capacity.

David Koenig | Associated Press
August 30, 2017