Battered by trade wars, global demand for air cargo decreased by 3.5% in October compared with the same month in 2018, according to a Dec. 4 report by the International Air Transport Association of Geneva.
December 11, 2019Government
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Government, Business
A containership is loaded at the Port of Hamburg. (Krisztian Bocsi/Bloomberg)
Europe Set for Move to Expand Trade Arsenal With Focus on Trump
A containership is loaded at the Port of Hamburg. (Krisztian Bocsi/Bloomberg)
European Union trade chief Phil Hogan on Dec. 12 will seek an upgrade to EU legislation on enforcing international commercial rules.
December 11, 2019
Government, Business, Fuel
John Locher/AP
November US Consumer Prices Up 0.3% on Rising Energy Costs
John Locher/AP
WASHINGTON — Higher energy prices lifted U.S. overall consumer prices in November.
December 11, 2019
Government, Business, Technology, Equipment, Safety, Fuel
A Peterbilt on display at the Fitzgerald Glider Kits booth during an industry show. (John Sommers II for Transport Topics)
Audit Finds Proposed EPA Glider Rule Repeal Skipped Legal, Health Analyses
A Peterbilt on display at the Fitzgerald Glider Kits booth during an industry show. (John Sommers II for Transport Topics)
A new report by the Environmental Protection Agency Inspector General determined that former agency Administrator Scott Pruitt failed to follow legal and public health safeguards in 2017 when he proposed to repeal an Obama-era regulation limiting the number of glider trucks that could be manufactured annually.
December 11, 2019
Government, Business, Fuel
Saudi Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's (IPO) on Riyadh's stock market in Riyadh, Saudi Arabia, on Dec. 11. (Amr Nabil/AP)
Saudi Aramco Gains 10% in Debut to Clinch Top Seat at $1.8 Trillion
Saudi Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's (IPO) on Riyadh's stock market in Riyadh, Saudi Arabia, on Dec. 11. (Amr Nabil/AP)
RIYADH, Saudi Arabia — Saudi Arabia’s oil company Aramco gained 10% in its first moments on the stock market Dec. 11 in a dramatic debut that held until closing and pushed its value up to $1.88 trillion, surpassing Apple as the largest listed company in the world.
December 11, 2019
Government, Business, Safety
Secretary of Transportation Elaine Chao by Patrick T. Fallon/Bloomberg News
USDOT Announces ‘Rule for Rules’ to Structure Reforms
Secretary of Transportation Elaine Chao by Patrick T. Fallon/Bloomberg News
The U.S. Department of Transportation is seeking to improve the way it proceeds with rulemaking, guidance and enforcement by structuring a series of reforms.
December 10, 2019
Government, Business
New Jersey Gov. Phil Murphy by Seth Wenig/Associated Press
NJ to Borrow $500 Million for Transit
New Jersey Gov. Phil Murphy by Seth Wenig/Associated Press
Governor Phil Murphy’s administration approved $500 million of borrowing without legislative or voter approval to help cash-strapped New Jersey Transit replace decrepit commuter buses and trains.
December 10, 2019
Government, Business, Technology, Safety, Autonomous
Tesla Model X. (Angel Garcia/Bloomberg News)
Tesla on Autopilot Rear-Ends a Parked Cop Car in Connecticut
Tesla Model X. (Angel Garcia/Bloomberg News)
Another Tesla Inc. vehicle operating on the carmaker’s driver-assistance system branded as Autopilot has crashed into a parked emergency vehicle, eliciting fresh warnings about the shortcomings of automated technology on public roads.
December 10, 2019
Government
Maryland Transportation Secretary Pete Rahn (right) stands with Gov. Larry Hogan as he announces a plan to spend $765 million to build a new Harry Nice Bridge in Newburg, Md., on Nov. 21, 2016. (Brian Witte/Associated Press)
Maryland Transportation Secretary Pete Rahn to Step Down
Maryland Transportation Secretary Pete Rahn (right) stands with Gov. Larry Hogan as he announces a plan to spend $765 million to build a new Harry Nice Bridge in Newburg, Md., on Nov. 21, 2016. (Brian Witte/Associated Press)
Maryland Transportation Secretary Pete Rahn, who has led the Maryland Department of Transportation since 2015, is stepping down.
December 10, 2019
Government, Business
Pelosi via J. Scott Applewhite/Associated Press
House Democrats Plan USMCA Vote as Nancy Pelosi Lauds Revised Deal
Pelosi via J. Scott Applewhite/Associated Press
House Democrats plan a vote the week of Dec. 16 on the U.S.-Mexico-Canada free-trade agreement, Speaker Nancy Pelosi told her members, saying the deal was changed to meet her demands.
December 10, 2019