07 Oct Oil Drops With Rising US Supplies Adding to Stimulus Concern Oil held onto losses after U.S. government data showed the first crude stockpile gain in four weeks, adding to concerns over a demand recovery with stimulus talks in limbo. Read more...
07 Oct Pelosi, Mnuchin Talk Airline Aid After Trump Nixes Big Stimulus Speaker Nancy Pelosi signaled openness to a standalone airline relief bill in a telephone conversation with Treasury Secretary Steven Mnuchin on the morning of Oct. 7 after President Donald Trump pulled his negotiators from broader stimulus talks. Read more...
07 Oct Hurricane Delta Makes Landfall in Mexico Hurricane Delta made landfall Oct. 7 just south of the Mexican resort of Cancun as an extremely dangerous Category 2 storm, downing trees and knocking out power along the northeastern coast of Yucatan Peninsula, but without immediate reports of deaths or injuries. Read more...
07 Oct Hydrogen Double-Decker Buses Arrive in Europe’s Top Oil City The world’s first double-decker hydrogen buses arrived in Aberdeen, Scotland, on Oct. 7, a city best known as a base for some of the world’s top oil companies. Read more...
06 Oct US Trade Deficit Widened in August to Largest Since 2006 The U.S. trade deficit widened in August to the largest since 2006 as the nation imported a record amount of consumer goods amid a pickup in demand ahead of the holiday shopping season. Read more...
06 Oct Trump Tells Team to Stop Stimulus Talks, Halting Months of Negotiations President Donald Trump told his negotiators to stop talks with Democratic leaders on a fiscal stimulus package, hours after Federal Reserve Chair Jerome Powell’s strongest call yet for greater spending to shore up the economic recovery. Read more...
06 Oct Senate Resumes Schedule in Mid-October, Leader McConnell Says The U.S. Senate’s schedule was interrupted this month following the positive COVID-19 test results of three of its members. Read more...
06 Oct Transfix Launches Fleet Management Tool for Small, Midsize Carriers Transfix launched a free fleet management service geared toward small and midsize carriers, the company announced Oct. 6. Read more...
06 Oct KeepTruckin Expands Into Freight Matching KeepTruckin announced Oct. 6 that it is expanding beyond fleet management technology with the launch of its freight matching service. Read more...
06 Oct USPS: Election Is at Risk Over Conflicting Injunctions The delivery of election mail could be disrupted by operational changes arising from competing national court orders, the U.S. Postal Service warned. Read more...