The U.S. chemical industry is riding a global wave of growth as the world’s major economies experience an upswing for the first time in a decade. Increased output and accelerating growth rates that surpass the previous twenty-year average will help cement the business of American chemistry as $1 trillion industry within the next five years, […]
From meatless meats to digital twins, the latest “emerging trends” identified by Goldman Sachs Group Inc. include technologies and investing strategies that have been around for a while. “What happens when everything old becomes new again?” the bank asked Wednesday in the second edition of its “Outsiders” series, meant to help investors “separate the hype […]
The rail industry needs to repair track defects, upgrade tank-car design and increase training of emergency responders in order to improve safe transportation of crude oil and ethanol, says a new report by the National Academies of Sciences, Engineering and Medicine.
Dallas Fort Worth International (DFW) airport is adding to its cold chain storage facilities in response to the growth in pharma and perishables traffic. Expected to be operational this summer, the transfer facility will give DFW the ability to control warehousing temperatures for shipments of pharmaceuticals, flowers and fresh foods.
U.S. House Rep. Jaime Herrera Beutler, R-Wash., is urging the Department of Transportation to consider further regulation of freight trains carrying crude oil. Beutler earlier this week sent a letter to U.S. Transportation Secretary Anthony Foxx, Federal Railroad Administrator Sara Feinberg and Pipeline and Hazardous Materials Safety Administrator Marie Therese Dominguez asking DOT to study […]
With Korean ocean carrier Hanjin Shipping, the seventh largest ocean liner in the world that handles roughly 7% of U.S.-Asia cargo, filing for bankruptcy earlier this week, what happens next in regards to what happens to the cargo that was moving on Hanjin vessels at that time, as well as its subsequent short-term impact on […]
BASF SE is working with advisers and financing banks on the merits of making a counter bid for DuPont Co., the $55 billion chemical company that agreed to a merger with Dow Chemical Co. in December, people with knowledge of the matter said.
Intermodal continues to carry the day for the North American freight railroad industry, registering a gain of nearly 20% for the week ending Feb. 20, 2016, the third consecutive week of double-digit growth, compared to the prior-year period, and offsetting weak carload traffic—which includes a sharp drop in crude oil.
Washington state suffered an economic impact of $769.5 million due to labor disruptions at West Coast ports this past year, according to one of the most detailed analyses of the impact of a labor disruption on U.S. business and industry. (This article requires registration at the Journal of Commerce. To access, please click on the […]
Forced to reckon with a prolonged period of low energy prices, oil chiefs at the annual IHS CERAWeek energy gathering sought to portray themselves as steely survivors in an industry grappling with spending cuts and asset sales. (This article requires a subscription to the Wall Street Journal. To access, please click on the above link.)
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