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Updated: 12 min 5 sec ago

Businesses Weigh Fallout From Dockworkers Strike

Wed, 10/02/2024 - 10:37
As day one of the dockworkers strike unfolded, economists were trying to quantify the damage from the supply chain disruption caused by the closure of 36 ports.

DB Schenker Sale Faces Decisive Vote

Wed, 10/02/2024 - 10:03
Deutsche Bahn AG’s planned 4.3 billion-euro ($15.8 billion) sale of its logistics arm is facing a decisive vote Oct. 2.

Oil Flows Slump for Fourth Straight Month

Wed, 10/02/2024 - 09:44
The seaborne flow of oil fell for a fourth straight month in September on the back of hefty declines from Libya, where a political row spilled over into supply disruptions.

Tesla Posts First 2024 Quarterly Increase in Deliveries

Wed, 10/02/2024 - 09:24
Low-interest financing, sweet lease deals, price cuts and free charging boosted Tesla’s global deliveries in the third quarter, the first increase this year for the electric vehicle maker.

Helene Leaves Flooded Farms, Fouled Rivers, Dozens Dead

Wed, 10/02/2024 - 08:45
As historic floodwaters unleashed by Hurricane Helene recede across the Southeast, the region faces a humanitarian, economic and ecological crisis of staggering scope.

Chip Firms Monitor Quartz Supplies After Hurricane Hits Mines

Wed, 10/02/2024 - 08:22
Global semiconductor makers are monitoring supplies of high-purity quartz, a material critical to the industry, after Hurricane Helene halted production at two North Carolina mines.

US Imposes Duties on Solar Imports from Southeast Asia

Tue, 10/01/2024 - 14:16
The determination marks an early victory for domestic panel makers who say cheap imports harm their operations and threaten investments meant to cultivate a U.S. solar supply chain.

Congress to Finalize Transportation Funds After Elections

Tue, 10/01/2024 - 12:54
When lawmakers return to Washington after the November elections, their priority will be finalizing bills to fund operations at the U.S. Department of Transportation and other agencies.

Hurricane Devastates Cotton Crops Just Before Harvest

Tue, 10/01/2024 - 12:06
Cotton growers are facing devastating losses and delays from Hurricane Helene just as harvest was beginning, marking the latest blow to profits in an already weak market.

Manufacturing Activity Contracts for a Sixth Straight Month

Tue, 10/01/2024 - 10:21
U.S. manufacturing activity shrank in September for a sixth month, reflecting weak orders and declining employment.

Permian Gas Starts Flowing Via Matterhorn Pipeline in Texas

Tue, 10/01/2024 - 09:50
Matterhorn Express Pipeline has begun transporting natural gas into Williams Cos.’s Transco pipeline, a long-awaited addition to midstream infrastructure serving the Permian Basin.

Dockworkers Hit the Picket Lines

Tue, 10/01/2024 - 09:09
PHILADELPHIA — Dockworkers at ports from Maine to Texas began walking picket lines early Oct. 1 in a strike over wages and automation.

Auto Sales Likely to Pick Up as Rates Fall

Tue, 10/01/2024 - 08:42
Sluggish car sales are expected to pick up later this year once the U.S. presidential election is over and the Fed’s recent reversal on interest rates starts to ease financing costs.

Traton Views Higher Margin on Electric Trucks, US Expansion

Tue, 10/01/2024 - 08:18
Traton SE is targeting slightly higher returns in the coming five years by expanding in North America and selling more higher priced electric trucks.

Largest Strike in Decades Begins at East, Gulf Coast Ports

Mon, 09/30/2024 - 23:01
The Conference Board noted in a report that just one week of a strike — the result of a USMX and ILA stalemate — could cost the U.S. economy $3.78 billion.

Diesel Price Bumps Up a Half-Cent to $3.544 a Gallon

Mon, 09/30/2024 - 16:46
The national average price of diesel gained a half-cent per gallon during the week ending Sept. 30, climbing to $3.544, according to U.S. Energy Information Administration data.

Farmers Brace for Supply Chain Delays as Dock Strike Looms

Mon, 09/30/2024 - 16:34
Growers already have been struggling with declining farm incomes because of high input costs, global competition and low commodity prices.

Stellantis Recalls 200,000 Plug-in Jeeps Over Fire Risk

Mon, 09/30/2024 - 15:22
This recall is the latest setback for Stellantis, which has been grappling with declining sales, a falling stock price and unrest among dealers and unions.

Tesla Clears Hurdle in Suit Over Self-Driving Tech

Mon, 09/30/2024 - 14:08
Tesla is embroiled in numerous lawsuits over the Full Self-Driving feature, including from Tesla investors who claim they were misled.

More Interest Rate Cuts Likely, Powell Says at Forum

Mon, 09/30/2024 - 13:17
Jerome Powell stressed that the Fed’s current goal is to support a largely healthy economy and job market, rather than rescue a struggling economy or prevent a recession.

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