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Oil Reaches Three-Month High Above $60 on US-China Trade Pact
Oil rose above $60 a barrel for the first time in almost three months after the U.S. and China agreed on the text of a partial trade deal, giving a boost to the fragile outlook for global oil demand.
China Says Deal Agreed; US to Roll Back Tariffs in Stages
China and the U.S. have agreed on the text of a phase one trade deal, which will see the removal of tariffs on Chinese goods in stages, Vice Commerce Minister Wang Shouwen said, as U.S. President Donald Trump announced some reduction in tariffs.
Pennsylvania Freight Rail Track Gets $700,000 for Rehabilitation
The Pennsylvania Department of Transportation awarded $700,000 to Pittsburgh Intermodal Terminals Inc. to improve about 1 mile of freight rail track to bolster operations and generate jobs in Beaver County.
XPO to Close Missouri Logistics Facility, Lay Off 166
HAZELWOOD, Mo. — A logistics facility will close here, eliminating 166 jobs, according to a notice filed with the state.
California Considers Requiring Zero-Emission Truck Sales
SACRAMENTO, Calif. — The country’s most populous state could become the first to require a portion of new truck sales be electric or “zero emission” vehicles as California grapples with how to clean up its worst-in-the nation air quality.