The gain in U.S. wholesale prices reflected higher food and services costs, signaling modest inflation, a Labor Department report showed July 13 in Washington.

Wholesale prices in the U.S. declined in March for the first time since August 2016, a sign broader inflation will accelerate only gradually, a Labor Department report showed April 13.

Little more than 2½ years from now, the global fleet of merchant ships will have to reduce drastically how much sulfur their engines belch into the atmosphere.

Shortly after Donald Trump was elected president Nov. 8, the stock prices of a slew of shipping companies soared by more than 1000% on hopes that commodity prices would rise and U.S. manufacturing would rebound, spurring a surge in shipments of everything from iron ore to computer parts.

U.S. producer prices rose in February more than forecast, while costs increased from a year earlier by the most since March 2012, signaling inflation is picking up, a Labor Department report showed March 14 in Washington.

The global shipping industry has urged the European Union to drop the sector's inclusion in proposals adopted Feb. 15 to reform the bloc's carbon market, saying it risks distorting trade and international efforts to cut the sector's emissions.

The Mississippi Department of Transportation believes that an annual infusion of $400 million in additional funding is needed to ensure the continued viability of the state’s highways, roads and bridges.

The global shipping industry is in the midst of a huge downturn, with weak demand engulfing it for the past few years. Experts acknowledge that the sector’s biggest hurdle is overcapacity, but the wave of mergers and acquisitions means the hard times will pass eventually.

Sales of secondhand ships used to haul commodities such as iron ore, coal, grain and fertilizer have hit a seven-year high in 2016 as the industry creeps out of an eight-year downturn that has sunk several fleets of shippers.