Why a possible railroad strike would cripple the supply chain and encourage inflation fears
The cost of a rail strike is seen at $2 billion a day; ‘there aren’t enough trucks to handle that volume’ – for several days, the prospects for preventing a railroad strike or lockout rested with a handful of leaders from labor, industry and government, whose marathon talks led to a tentative agreement Thursday.
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Steelmakers idle manufacturing as oversupply dampens prices
Lower steel prices are weighing on manufacturers, pushing some to idle production as they grapple with rising raw material costs.
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Diesel dropping rapidly in futures market, outstripping declines in crude
Diesel futures prices have made a stunning downturn in the past few days as signs of weakening demand in the U.S., rising inventories that have developed as a result and reports of Chinese exports have hit the once high-flying market.