General News
Target Posts Strongest Sales Growth in 4 Years
New CEO Michael Fiddelke said he remained guardedly optimistic given where the company is in its operational overhaul.
Oil Prices Fall, but Gasoline Continues to Rise
Brent crude, the international standard, lost $2.89 to $108.39 per barrel. But gasoline prices in the U.S. continued to rise.
DOJ Accuses Chinese Container Makers of Pandemic Price Scheme
The DOJ said it filed criminal charges against four large makers of shipping containers for allegedly colluding to raise prices during the pandemic.
FHWA Targets Bridges, Congestion in Infrastructure Projects
Bridge projects are the centerpiece of FHWA's focus on infrastructure investments, Administrator Sean McMaster told business leaders and government officials.
Summer Gasoline Demand Looms as U.S. Refiners Favor Jet Fuel
A global supply crunch has U.S. refineries producing jet fuel at a record pace while skewing output away from gas, setting up a potential production clash.
House Bill Targets Highway Trust Fund Gap
The Eisenhower-era account, which helps states pay for infrastructure maintenance, will be central to upcoming votes on the highway reauthorization measure.
Trucking Gained in Q1 as Supply Tightened, Costello Says
American Trucking Associations Chief Economist Bob Costello warned that trucking faces headwinds even as supply contractions drove first-quarter gains.
DOL to Require English Proficiency for Foreign Truck Drivers
DOL said its ELP mandate will take effect mid-June “to allow the regulated community time to review and will be applied prospectively to filings thereafter.”
Trump Team Seeks Longer Gas Tax Holiday
Officials are considering language that gradually restores the taxes on gasoline and diesel, potentially over more than a year, to avoid shortages.
Maverick Raises Pay for Flatbed Over-the-Road Drivers
Maverick Transportation on May 13 said that its flatbed over-the-road drivers will receive a 4-cent-per-mile pay increase effective May 31.
Shell Wins Investor Backing for Higher Executive Bonuses
The vote, more than 95% in favor at Shell’s annual meeting in London, raises the maximum long-term share award for CEO Wael Sawan from 600% to 900% of salary.
Oil Prices Remain Above $100 as Iran War Dominates Markets
Brent crude, the international standard, fell 0.7% to $111.39 a barrel.
Stellantis to Make Affordable EV With Leapmotor in Italy
Dubbed the E-Car, the model will be produced starting in 2028 at a plant in Pomigliano, Italy.
EU Races to Finalize U.S. Trade Deal to Avoid More Tariffs
Trump previously threatened to hike tariffs on European auto imports to 25% from 15% because the EU hadn’t moved quickly enough to implement the deal.
Home Depot Profit Falls, but It Tops Expectations
The housing market has been static as Americans wrestle with rising costs and other economic concerns.
Volvo to Pay $196.5 Million to Settle With CARB
The settlement is the latest in a series between truck and engine manufacturers and the California agency related to nitrogen oxide emissions.
Windrose U.S. Assembly Plants to Be Operating by End of 2026
Windrose expects to start assembly of its R700 Class 8 battery-electric tractor at sites in Georgia and Washington state by the end of 2026.
Cargo Thieves Target Truckers on I-40 in Arizona
The Yavapai County Sheriff’s Office, founded in the Wild West era when stagecoach bandits and cattle rustlers roamed, is responding today to cargo thefts.
Freight Broker Protection Narrowed in Negligent Hiring Suits
The Supreme Court opened the door to brokers being liable for negligence in state lawsuits, but it may not be as harsh as some have feared, according to experts.
Averitt Begins Construction of 2 Regional Service Centers
Both locations were identified as potential “pinch points” as the freight industry rebounds after the longest downturn in industry memory.