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Government, Business, Fuel

OPEC Forecasts Lower Demand; BP Sees ‘Peak Oil’ in 2020s

BP says it expects demand for crude oil to peak in the early 2020s. Bernard Looney, CEO of BP, is photographed in London on Sept. 11. The company said it expects crude oil demand to peak in the early 2020s. (Matt Dunham/Associated Press)

Developing countries’ difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Sept. 14 as it cut its forecasts.

September 14, 2020
Government, Business

Major Companies Reject Trump's Payroll Tax Deferral

Employees work in the bakery department of a Costco store in San Francisco. Employees work in the bakery department of a Costco store in San Francisco. (David Paul Morris/Bloomberg News)

A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy still reeling from the coronavirus pandemic.

September 11, 2020
Government, Business, Fuel, Logistics

Oil Traders Snap Up Tankers in Sign Second-Wave Glut Is Near

Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22. Oil tankers sit anchored off the coast of Long Beach, Calif., on April 22.(Tim Rue/Bloomberg News)

Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for monthslong charters so that they can be ready to store excess barrels if necessary.

September 11, 2020
Government

House Transportation Leaders Call for Investigation Into EPA

Peter DeFazio U.S. House Transportation and Infrastructure Committee Chairman Peter DeFazio. (House T&I Committee via YouTube)

The House Transportation and Infrastructure Committee is seeking an investigation into alleged destruction of certain records at the EPA.

Eugene Mulero | Senior Reporter
September 11, 2020
Government, Business, Logistics

Kentucky Officials Award Funds to Freight-Moving River Ports

Paducah, Kentucky A view of Paducah, Ky., where the Ohio and Tennessee rivers meet. (JT Crawford/Getty Images)

Kentucky officials recently announced $450,000 has been awarded to five river ports to assist with critical repairs and equipment improvements.

Eleanor Lamb | Staff Reporter
September 11, 2020
Government, Business, Technology, Safety, Autonomous

Experts Stress Public Trust in AV Tech as E-Commerce Rises

Nuro R2 vehicle Nuro's R2 vehicle has been piloted for a grocery delivery program in Scottsdale, Ariz. (Nathan Lindstrom)

As the pandemic prompts people to shop from their homes and rely on contactless delivery services, gaining public trust in automated vehicle technology remains essential, experts said.

Eleanor Lamb | Staff Reporter
September 11, 2020
Government, Business, Technology

US Stocks Resume Sell-off With Tech Battered Anew

Stocks resumed their sell-off today as tech stocks dropped. (Soichiro Koriyama/Bloomberg News)

A fresh sell-off in megacap technology shares sent stocks to the fourth loss in five days as investors remain worried that valuations stretched too far in a five-month rally. Treasuries rose with the dollar.

September 10, 2020
Government, Business, Safety, Logistics, Top 50, Top 100

Fleets Rally to Aid Hurricane Laura Victims

Bengal Food Drive Bengal Transportation Services held an event to feed relief workers and others in a church parking lot. (Bengal Transportation Services)

Hurricane Laura wreaked havoc when it made landfall Aug. 27, but fleets have rallied to help the victims in the couple of weeks since.

Connor D. Wolf | Staff Reporter
September 10, 2020
Government, Business, Safety

Doomed-to-Fail Senate Vote Will Usher Final Scene on Stimulus

Mitch McConnell speaks during a news conference on Capitol Hill on Sept. 9. Mitch McConnell speaks during a news conference on Capitol Hill on Sept. 9. (Stefani Reynolds/Bloomberg News)

The U.S. Senate is poised to vote Sept. 10 on whether to advance a slimmed-down Republican-crafted pandemic relief bill, opening what’s likely to be the final stage of the monthslong partisan battle over fiscal stimulus.

Laura Litvan and Erik Wasson | Bloomberg News
September 10, 2020
Government, Business

Infrastructure Stakeholders Press Congress for Highway Law Extension

Salt Lake City Interstate 80 and Interstate 15 intersecting in Salt Lake City. The FAST Act was signed into law in 2015 and expires Sept. 30. (grandriver/Getty Images)

Groups representing nearly every aspect of the country’s infrastructure networks recently called on congressional leaders to approve a yearlong extension of a soon-to-expire highway law.

Eugene Mulero | Senior Reporter
September 10, 2020

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