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Government, Business

US Manufacturing Contracts for Fourth Straight Month

Construction in Boston Workers at Boston's Seaport district. (Steven Senne/AP)

Manufacturing activity contracted in November, the fourth straight month of contraction, according to a monthly survey of executives released Dec. 2 by the Institute for Supply Management.

Jim Stinson | Staff Reporter
December 2, 2019
Government, Business, Fuel

OPEC+ Gambles That US Shale’s Golden Age Is Over

drill rig A pumpjack operates as a drill rig sits on a well pad in the Bakken Formation in Williston, N.D. (Daniel Acker/Bloomberg)

When the Organization of Petroleum Exporting Countries meets this week, ministers will discuss whether to extend their current output target, because they believe relentless U.S. oil production growth will slow rapidly next year.

Javier Blas | Bloomberg News
December 2, 2019
Government, Business, Technology

Analysis: US Railroad System Is Great for Freight

Amtrak's California Zephyr passes a Union Pacific train Amtrak's California Zephyr passes a Union Pacific train in Green River, Utah. (Joe Raedle/Getty Images)

The U.S. freight rail system is arguably the best and most efficient in the world.

Justin Fox | Bloomberg News
December 2, 2019
Government, Business

New Nissan CEO Makoto Uchida Reaffirms Alliance, Promises Revival

Makoto Uchida Nissan CEO and President Makoto Uchida by Kyodo News via Associated Press

TOKYO — Nissan’s new chief executive Makoto Uchida reaffirmed Dec. 2 the importance of the Japanese automaker’s alliance with France’s Renault, as it strives to puts its financial scandals behind it.

Yuri Kageyama | Associated Press
December 2, 2019
Government, Business

Trump Says He’ll Place Tariffs on Steel, Aluminum From Argentina, Brazil

Steel plant Martin Divisek/Bloomberg News

WASHINGTON — President Donald Trump on Dec. 2 accused Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate.

Darlene Superville | Associated Press
December 2, 2019
Government, Business

White House in Pre-Thanksgiving Push to Get USMCA to Finish Line

Donald Trump U.S. President Donald Trump by Susan Walsh/Associated Press

The White House is pushing to wrap final negotiations with Democrats on President Donald Trump’s top legislative priority, the U.S.-Mexico-Canada Agreement, by meeting with the Mexican deputy foreign minister Nov. 27.

November 27, 2019
Government, Business, Equipment

ELFA: October Equipment Financing and Leasing Up 14%

Signing documents Getty Images

An index that measures equipment financing and leasing trends showed business activity in October up 14% year-over-year.

Jim Stinson | Staff Reporter
November 27, 2019
Government

US Senate Confirms Kramer as CFO at USDOT

The U.S. Senate on Nov. 21 easily confirmed John Kramer to become chief financial officer at the U.S. Department of Transportation.

Eugene Mulero | Staff Reporter
November 27, 2019
Government, Business, Safety

Presidential Candidates Will Talk Infrastructure at Forum

Democratic candidates at debate Democratic presidential candidates, shown at the Nov. 20 debate, include Cory Booker (from left) Tulsi Gabbard, Amy Klobuchar, Pete Buttigieg, Elizabeth Warren, Joe Biden, Bernie Sanders, Kamala Harris, Andrew Yang and Tom Steyer. (John Bazemore/AP)

A group of transportation and manufacturing associations will host a forum for presidential candidates to discuss infrastructure issues.

Eleanor Lamb | Staff Reporter
November 27, 2019
Government, Business, Equipment

US Economy Grew at Moderate 2.1% Annual Rate Last Quarter

GM cars on sales lot Daniel Acker/Bloomberg

WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.

November 27, 2019

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