Government, Business, Logistics

Trump Waives Jones Act to Speed Up Aid Shipments to Puerto Rico

In this Thursday, Sept. 21, 2017 photo, a crane used at the port to move cargo from ships lays on top of the Fusion Cuisine and Bar restaurant after the passing of Hurricane Maria in the La Guancha area of Ponce, Puerto Rico. Jorge A Ramirez Portela/AP

President Donald Trump ordered the Jones Act to be waived for shipments to hurricane-ravaged Puerto Rico immediately at the request of Governor Ricardo Rossello, White House press secretary Sarah Sanders said Sept. 28.

Margaret Talev | Bloomberg News
September 28, 2017

New-Home Sales Cool, Supply Jumps as Storms Strike South

U.S. Army National Guard photo by Staff Sgt. Michelle Gonzalez

A second straight decline in purchases of new U.S. homes, combined with downward revisions for prior months, show a tepid market as results begin to be clouded by the fallout from Hurricanes Harvey and Irma, according to government data Sept. 26.

Sho Chandra | Bloomberg News
September 26, 2017
Business, Safety, Logistics, TCA

Transportation Rebounding From Hurricane Harvey’s Havoc

A "Stop" sign stands in floodwaters due to Hurricane Harvey in Spring, Texas, U.S., on Monday, Aug. 28, 2017.; Luke Sharrett/Bloomberg News

Container ships bound for Houston called on other ports as Hurricane Harvey slogged its way across the upper Texas coast and into the history books.

Andrea Rumbaugh | Houston Chronicle
September 25, 2017

Jobless Claims Decline as Hurricane Harvey Impact Fades in Texas

Texas Guardsmen from the 272nd Engineer Battalion partnered with Texas Task Force One, prepare to help evacuate Texans in need during Hurricane Harvey in Houston. Texas Military Dept photo by Staff Sgt. Timothy Pruitt

Applications for unemployment benefits in the U.S. unexpectedly declined last week as the Hurricane Harvey-related surge in Texas filings continued to reverse, Labor Department figures showed Sept. 21.

Sho Chandra | Bloomberg News
September 21, 2017
Business, Fuel

Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low

A customer refuels his vehicle at a Hess Corp. gas station in Washington, D.C. Andrew Harrer/Bloomberg News

Oil advanced to the highest level since May after U.S. gasoline stockpiles plunged to a 22-month low and exports of crude and fuels surged.

Jessica Summers | Bloomberg News
September 20, 2017
Business, Equipment

Floodwaters Bring Warnings of Damaged Truck Components

Penske recovers from the storm Penske has inspected most of its damaged equipment in the Houston area. (Penske Truck Leasing)

Brakes, diesel particulate filters, electronics and wheel-ends are some of the key components that fleets should inspect on their vehicles as they recover from flooding brought on by hurricanes Harvey and Irma, experts said, adding that without remediation safety component failures are likely to surface in a matter of months.

Roger Gilroy | Staff Reporter
September 20, 2017

Existing-Home Sales Fall to a One-Year Low After Hurricane Harvey

Allen J. Schaben/Los Angeles Times/TNS

Sales of previously owned U.S. homes declined to a one-year low in August as affordability continued to hamper demand and Hurricane Harvey caused a slump in Houston-area purchases, a National Association of Realtors report showed Sept. 20.

Sho Chandra | Bloomberg News
September 20, 2017

FHWA Gives Florida DOT $25 Million for Irma Relief

Stephen M. Dowell/Orlando Sentinel/TNS

Florida’s Department of Transportation will receive $25 million in federal funding for relief efforts in the wake of the damage caused by Hurricane Irma.

Eleanor Lamb | Staff Reporter
September 18, 2017

Homebuilder Sentiment Falls on Storm-Related Supply Concern

A contractor works during construction of a new apartment building in downtown Seattle. Mike Kane/Bloomberg News

Sentiment among America’s homebuilders fell more than forecast in September as companies grew concerned about the cost of construction materials and labor shortages in the wake of Hurricanes Harvey and Irma, according to data Sept. 18 from the National Association of Home Builders/Wells Fargo.

Sho Chandra | Bloomberg News
September 18, 2017

Concerns About Hurricanes Dent American Consumer Sentiment

Photo by Gus Holzer, Florida Fish and Wildlife Division of Law Enforcement

U.S. consumer sentiment dipped in September as Americans expressed concern about the economic and inflationary impact of Hurricanes Harvey and Irma, University of Michigan survey data showed Sept. 15.

Agnel Philip | Bloomberg News
September 15, 2017