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Government, Business

Global, North American Demand for Air Cargo Drops

Air cargo Getty Images

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.

Jim Stinson | Staff Reporter
December 11, 2019
Government, Business

Europe Set for Move to Expand Trade Arsenal With Focus on Trump

containership 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.

Jonathan Stearns | Bloomberg News
December 11, 2019
Government, Business, Fuel

November US Consumer Prices Up 0.3% on Rising Energy Costs

food shoppers John Locher/AP

WASHINGTON — Higher energy prices lifted U.S. overall consumer prices in November.

Paul Wiseman | Associated Press
December 11, 2019
Government, Business, Technology, Equipment, Safety, Fuel

Audit Finds Proposed EPA Glider Rule Repeal Skipped Legal, Health Analyses

Glider Rule 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.

Eric Miller | Staff Reporter
December 11, 2019
Government, Business, Fuel

Saudi Aramco Gains 10% in Debut to Clinch Top Seat at $1.8 Trillion

Saudi Aramco debut 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.

Aya Batrawy | Associated Press
December 11, 2019
Government, Business, Safety

USDOT Announces ‘Rule for Rules’ to Structure Reforms

Transportation Secretary Elaine Chao 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.

Eugene Mulero | Staff Reporter
December 10, 2019
Government, Business

NJ to Borrow $500 Million for Transit

New Jersey Gov. Phil Murphy 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.

Elise Young | Bloomberg News
December 10, 2019
Government, Business, Technology, Safety, Autonomous

Tesla on Autopilot Rear-Ends a Parked Cop Car in Connecticut

Tesla 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.

Chester Dawson | Bloomberg News
December 10, 2019

Maryland Transportation Secretary Pete Rahn to Step Down

Maryland Gov. Larry Hogan and Transportation Secretary Pete Rahn 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.

Eleanor Lamb | Staff Reporter
December 10, 2019
Government, Business

House Democrats Plan USMCA Vote as Nancy Pelosi Lauds Revised Deal

USMCA 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.

Erik Wasson | Bloomberg News
December 10, 2019