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Updated: 1 hour 13 min ago

Deep Freeze Forces US LNG Exporters to Cancel, Delay Cargoes

Thu, 01/18/2024 - 09:20
The recent freeze across Texas and Louisiana disrupted scheduled exports of U.S. liquefied natural gas, temporarily tightening some supply of the heating and power-plant fuel.

Goodyear Names Stellantis’ Mark Stewart as CEO

Thu, 01/18/2024 - 08:45
Goodyear Tire & Rubber Co. named Stellantis NV executive Mark Stewart as CEO following a pressure campaign by shareholder activist Elliott Investment Management.

States Waive HOS for Fuel Deliveries Amid Severe Weather

Thu, 01/18/2024 - 08:45
Governors from several states have issued emergency proclamations waiving federal hours-of-service requirements for truckers carrying fuel, to prevent shortages in extreme weather.

Court Approves Sale of 23 Yellow Leased Terminals

Wed, 01/17/2024 - 15:21
The U.S. Bankruptcy Court for the District of Delaware approved the sale of 23 terminal leases owned by Yellow Corp. to six bidders for an aggregate price of $82.89 million, documents show.

Maersk, Hapag-Lloyd to Operate Some Ships as Joint Fleet

Wed, 01/17/2024 - 15:16
Global shipping giants Hapag-Lloyd and Maersk have struck a partnership deal to operate some of their ships as a joint fleet in the future, the companies announced Jan. 17.

Allison Transmission Employees Ratify Four-Year Labor Deal

Wed, 01/17/2024 - 14:43
Around 1,500 unionized employees at Allison Transmission Holdings on Jan. 16 ratified a revised four-year labor agreement, the United Auto Workers union Local 933 said Jan. 17.

Haslam Family Sells Last 20% of Pilot to Berkshire Hathaway

Wed, 01/17/2024 - 13:40
Warren Buffett’s Berkshire Hathaway has officially bought the last 20% of Pilot Travel Centers that it didn’t already own from the Haslam family.

Schaeffler Pushes Toward Class 8 With Electric Drivetrain

Wed, 01/17/2024 - 11:01
LAS VEGAS — Component maker Schaeffler is developing an electric axle, motor and battery drivetrain package for North American commercial vehicles, up to and including Class 8 trucks.

Court Rejects VW’s Plan to Fix Engines With Software Update

Wed, 01/17/2024 - 10:56
Volkswagen AG lost another lawsuit in a German court over its software fix for engines in the wake of the diesel scandal that tarnished the reputation of Europe’s biggest carmaker.

FMCSA Weighs Carrier Fitness Determination Rewrite

Wed, 01/17/2024 - 10:14
The Federal Motor Carrier Safety Administration is reviewing six research papers as it weighs revision of its motor carrier safety fitness determination rules, the agency said.

Car Safety Systems Less Effective in Detecting Trucks

Wed, 01/17/2024 - 09:30
Better front crash prevention technology in passenger cars could prevent 5,500 rear-end accidents with medium and heavy trucks, according to the Insurance Institute for Highway Safety.

BP Names Murray Auchincloss Permanent CEO

Wed, 01/17/2024 - 08:54
LONDON — British oil giant BP said Jan. 17 its interim chief executive, Murray Auchincloss, will be given the job on a permanent basis to replace Bernard Looney.

Shipping CEOs See No Short-Term End to Red Sea Disruptions

Wed, 01/17/2024 - 08:25
The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer.

Global LNG Fleet Avoiding Red Sea With More Tankers Diverted

Wed, 01/17/2024 - 08:06
The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.

December Medium-Duty Sales Rise 9.1% Year-Over-Year

Tue, 01/16/2024 - 16:11
U.S. retail sales for medium-duty trucks rose 9.1% year-over-year in December while finishing 2023 some 8.4% higher than 2022’s full-year total, according to data from Wards Intelligence.

Diesel Price Sees Its First Boost of the Year

Tue, 01/16/2024 - 15:54
The national average diesel price rose for the first time in 2024, climbing 3.5 cents to $3.863 a gallon, according to Energy Information Administration data for the week ending Jan. 15.

US Calls Houthi Shipping Threat an ‘All Hands on Deck’ Issue

Tue, 01/16/2024 - 13:55
The U.S. launched a new strike against the Yemen-based Houthis on Jan. 16, hitting anti-ship missiles in the third assault on the Iranian-backed group in recent days, the U.S. military said.

FTR Intel Report Says 2024 Will Be an Unremarkable Year

Tue, 01/16/2024 - 13:30
Trucking’s lingering freight recession, combined with a steep decline in spot market rates for carriers over the last 18 months, is tightening capacity, according to FMCSA data and FTR Intel.

Truck Maker Xos Bolsters Finances as Deliveries Ramp Up

Tue, 01/16/2024 - 13:07
Classes 5-8 electric truck maker Xos obtained a $48.5 million capital infusion from serial e-mobility investor ElectraMeccanica, the companies said.

Murphy: NYC Congestion Pricing Plan Violates Constitution

Tue, 01/16/2024 - 12:40
New Jersey Gov. Phil Murphy is again pushing back on New York’s plan to charge motorists driving into Manhattan’s central business district, saying it violates the U.S. Constitution.

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