Any increased capital spending by U.S. oil and gas producers in response to the surge in crude price should help soften the blow to the economy from an expected pullback in consumer spending. It just won’t be anytime soon.
Russia’s invasion of Ukraine means the food inflation that’s been plaguing global consumers is now tipping into a full-blown crisis, potentially outstripping even the pandemic’s blow and pushing millions more into hunger.
The Biden administration is moving to enact stringent new emissions regulations for large trucks that have been operating for more than a decade under standards environmentalists complain are too lax.
A fleet of truckers protesting the government’s response to COVID-19 and other grievances returned to the Capital Beltway on Monday, ringing Washington to draw attention to their cause.
Russia’s invasion of Ukraine is shifting vodka sales in the U.S., despite the fact that little Russian-made vodka is actually sold outside of Russia.
President Biden is close to proposing new limits on nitrogen oxide emissions from trucks that environmentalists say are long overdue. But the industry says the timing couldn’t be worse as it fights a driver shortage and supply chain woes.
The bottlenecked ports in Los Angeles face a narrow window between now and midyear to clear container backlogs before another import surge and union-contract talks threaten to stall progress moving record volumes of cargo through the busiest U.S. gateway for trade.
The U.S. Transportation Department is awarding some $450 million in grants for port-related projects to bolster capacity and improve the movement of goods, senior Biden administration officials say.
The measures approved Monday are meant to cut off funding to protest leaders and to pressure trucking companies to prevent their semis from being used again in blockades.
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