Government, Business

In Pandemic-Era First, Driving on US Highways Tops 2019 Levels

Traffic moves along Highway 101 in San Francisco, Calif., on Nov. 25. (David Paul Morris/Bloomberg News) Traffic moves along Highway 101 in San Francisco, Calif., on Nov. 25. (David Paul Morris/Bloomberg News)

Here’s the latest sign of the great U.S. gasoline comeback: For the first time since the pandemic started, driving on the nation’s highways is higher than at the same time in 2019.

Andres Guerra Luz | Bloomberg News
April 15, 2021
Government, Business

State Jobless Claims in US Fall to Lowest Since March 2020

A caricature artist draws the image of a couple in Myrtle Beach, S.C. (Micah Green/Bloomberg News) A caricature artist draws the image of a couple in Myrtle Beach, S.C. (Micah Green/Bloomberg News)

The number of applications for U.S. state unemployment benefits plummeted last week to the lowest since the pandemic began, indicating the labor market continues to thaw as governments lift restrictions on business and activity picks up.

Payne Lubbers | Bloomberg News
April 15, 2021
Business, Fuel

Permian Oil Nears Levels Not Seen Since Pandemic Start

Pumpjack in Oklahoma A pumpjack operates on an oil well in the Permian Basin near Orla, Texas. (Daniel Acker/Bloomberg)

The Permian Basin, the most prolific shale patch in the U.S., will produce crude oil at levels not seen since the start of the pandemic in the latest sign the global economy is heating back up.

Sheela Tobben | Bloomberg News
April 13, 2021
Government, Business

US Jobless Claims Jump, Showing Choppy Labor Recovery

A worker sands wood components for a pool table in Jeffersonville, Ind. (Luke Sharrett/Bloomberg News) A worker sands wood components for a pool table in Jeffersonville, Ind. (Luke Sharrett/Bloomberg News)

Applications for U.S. state unemployment insurance unexpectedly rose for a second week, underscoring the uneven nature of the labor market recovery.

April 8, 2021
Business, Technology, Logistics, Top 50

Pandemic Upends Logistics Market

An XPO Logistics employee works in a warehouse. (XPO Logistics) An XPO Logistics employee works in a warehouse. (XPO Logistics)

The COVID-19 outbreak created a volatile U.S. third-party logistics market in 2020, which presented growth opportunities for 3PLs with strong carrier management, e-commerce and airfreight forwarding capabilities, while other 3PLs did not fare as well.

Evan Armstrong | President of Armstrong & Associates Inc.
April 3, 2021
Government, Business

US Employers Add 916,000 Jobs in March as Hiring Accelerates

U.S. companies added more than 900,000 jobs in March U.S. companies added more than 900,000 jobs in March — roughly double the February figure. (Rogelio V. Solis/Associated Press)

America’s employers unleashed a burst of hiring in March, adding 916,000 jobs in a sign that a sustained recovery from the pandemic recession is taking hold as vaccinations accelerate, stimulus checks flow through the economy and businesses increasingly reopen.

Christopher Rugaber | Associated Press
April 2, 2021
Government, Business

US Jobless Claims Rise as Labor Market Recovery Remains Choppy

A worker inspects structural beams at a facility in Utah. (George Frey/Bloomberg News) A worker inspects structural beams at a facility in Utah. (George Frey/Bloomberg News)

Applications for U.S. state unemployment insurance unexpectedly rose last week but remained near the lowest levels of the pandemic as the labor market meanders toward full recovery.

Reade Pickert | Bloomberg News
April 1, 2021
Government, Business, Technology, Fuel, Logistics

Biden’s Infrastructure Plan to Total $2.25 Trillion, Include Corporate Tax Hikes

Biden introduces infrastructure plan President Joe Biden unveiled his administration's infrastructure package in Pittsburgh on March 31. (c-span.org)

President Joe Biden announced a $2.25 trillion climate change-centric infrastructure plan meant to repair the country’s roads and bridges, and guarantee nationwide access to broadband internet and safe drinking water.

Eugene Mulero | Senior Reporter
March 31, 2021
Government, Business

Infrastructure Plan Could Include $3 Trillion in Tax Increases

President Joe Biden speaks during an event at the White House campus on March 29. (Evan Vucci/Associated Press) President Joe Biden speaks during an event at the White House campus on March 29. (Evan Vucci/Associated Press)

President Joe Biden is aiming for summer passage of an infrastructure plan that is expected to cost more than $3 trillion, and the White House hopes to take a more deliberate and collaborative approach with the contentious Congress than it did on the COVID-19 rescue package, officials said.

March 30, 2021
Government, Business

US Consumer Confidence Surges to One-Year High on Job Optimism

Shoppers walk inside the Westfield San Francisco Centre shopping mall on March 9. (David Paul Morris/Bloomberg News) Shoppers walk inside the Westfield San Francisco Centre shopping mall on March 9. (David Paul Morris/Bloomberg News)

U.S. consumer confidence rose in March to a one-year high as Americans grew more upbeat about the economy and labor market, a sign that household spending may pick up more broadly in the coming months.

Payne Lubbers | Bloomberg News
March 30, 2021

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