Business, Equipment

Default Risks Rising for Truck Parts Maker Accuride

Commercial truck parts maker Accuride is burning cash in the wake of pricing actions and weaker-than-expected demand, according to S&P Global Ratings.

Jill R. Shah | Bloomberg News
July 3, 2024
Government, Business, Logistics

West Coast Ports Need More Funds, Seroka Says

The federal government needs to invest more in West Coast ports, said the head of the Port of Los Angeles, which is the nation’s biggest gateway to Asia and is grappling with record backlogs.

Jill R. Shah | Bloomberg News
September 27, 2021
Business, Fuel

Oil Futures Fall 7.5%, Largest Decline Since September

Oil was the biggest loser in a broad market selloff after OPEC+ agreed to boost crude supply as a resurgent virus shook investor confidence in the global economic recovery.

Jill R. Shah | Bloomberg News
July 19, 2021
Government, Business, Fuel

Oil Tops $75 a Barrel, Hitting 33-Month High

Oil rose to the highest price in more than 2 1/2 years as prospects of an imminent flood of crude exports from Iran and other major producers waned while the International Energy Agency warned of a deepening supply crunch.

Jill R. Shah | Bloomberg News
July 13, 2021