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Government, Business, Fuel

OPEC Nations, Russia Agree to Cut Oil Output to Lift Prices

OPEC sign OPEC sign at headquarters by Ronald Zak/AP

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.

David McHugh | AP Business Writer
December 6, 2019
Business, Logistics

Where’s My Amazon Package? It May Be Late

Amazon packages Lynne Sladky/AP

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.

Joseph Pisani | Associated Press
December 6, 2019
Business, Technology, Safety

In-Cab Monitoring Uses Machine Vision to Detect Fatigued, Distracted Driving

Driver monitoring technology from Seeing Machines' Guardian system Driver monitoring technology such as Seeing Machines' Guardian system tracks head and eye movements for signs of drowsiness or distraction. (Seeing Machines)

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.

Gregory Van Tighem | Contributing Writer
December 6, 2019
Government, Business

US Gains a Robust 266,000 Jobs

Job applicants in line Lynne Sladky/AP

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.

Christopher Rugaber | Associated Press
December 6, 2019
Government, Business, Technology, Equipment, Safety, Fuel

Watchdog Faults Rushed EPA Rulemaking on Glider Trucks

Fitzgerald glider kit in a Peterbilt 389 A Fitzgerald glider kit installed in a Peterbilt 389. (Fitzgerald Glider Kits via YouTube)

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.

Ellen Knickmeyer | Associated Press
December 6, 2019
Government, Business, Top 100

Two Former Celadon Executives Charged in Fraud Scheme

Celadon headquarters John Sommers II for Transport Topics

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.

Eric Miller | Staff Reporter
December 5, 2019
Business, Safety, Logistics

Lineage Acquires Emergent Cold as Refrigerated Supply Heats Up

Lineage Logistics facility in Sunnyvale, Texas Loading docks at the Sunnyvale, Texas, Lineage Logistics facility. (Lineage Logistics)

Lineage Logistics Holdings said it will acquire Emergent Cold in the latest consolidation of cold-storage companies that do business globally.

Jim Stinson | Staff Reporter
December 5, 2019
Government, Business, Fuel

Saudi Aramco Plans $25.6 Billion Share Sale in Richest IPO Ever

Man walks past a compound for Saudi Aramco in Jiddah, Saudi Arabia A man walks past a compound for Saudi Aramco in Jiddah, Saudi Arabia, on Nov. 3, 2019. (Amr Nabil/Associated Press)

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.

Aya Batrawy | Associated Press
December 5, 2019
Business

Freight Rail Growth Slows Due to Competition From Trucking

CSX train Luke Sharrett/Bloomberg

Growth in rail freight has been hampered this year by competition from trucking, in part driven by trucking’s falling rates and extra capacity.

Dan Ronan | Associate News Editor
December 5, 2019
Government, Business

Share of Small Businesses Planning Higher Pay Nears Record

American flag at a manufacturing facility in Bowling Green, Ky. An American flag is displayed on the factory floor at the Holley Performance Products Inc. manufacturing facility in Bowling Green, Ky. (Luke Sharrett/Bloomberg News)

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.

Reade Pickert | Bloomberg News
December 5, 2019

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