General News
New Platts Policy Excludes Russian-Origin Fuel
The step by Platts, a unit of S&P Global Energy, effectively eliminates one source of supply that might be cheaper than others. The move will align with European Union rules.
6 Nations Challenge EU’s Combustion Car Deadline
“We can and we must pursue our climatic goal in an effective way, while not killing our competitiveness in the meanwhile since there is nothing green in an industrial desert,” EU leaders said.
CRST Posting Gains in Tough Market, CEO Says
While the protracted freight market slump has yet to turn around, CRST's dedicated truckload business is having its best year in three years, CEO Mike Gannon says.
Top US, Chinese Officials Pledge Cooperation on Trade Deal
Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer held a video call with Chinese Vice Premier He Lifeng on Dec. 5, according to China’s state-run news agency Xinhua.
First Brands Flails as Customers Don’t Know Who to Pay
First Brands is asking the judge overseeing its bankruptcy to set up a framework that will give comfort to clients that they can send money to the company without risk of double payment.
Torc Taps Innoviz for Short-Range Lidar Requirements
Autonomous trucks require long-range lidar systems to identify objects far ahead and short-range sensors to capture detailed data in complex driving situations.
NEVI Funds Available Again for EV Charging Networks
Dollars from the $5 billion infrastructure program that Joe Biden’s White House crafted to speed EV adoption are flowing again after the Trump administration froze the funds earlier this year.
Inflation Indicator Eases Path to Interest Rate Cut
The data shows that inflation was muted in September and will bolster the case for a cut to the Fed’s key interest rate at its next meeting Dec. 9-10.
Minnesota Catches FMCSA Heat for Non-Domiciled CDLs
“Our audit exposes yet another example of foreigners taking advantage of Minnesota services under Governor Walz’s watch,” Transportation Secretary Sean Duffy said.
Profitable Ram Brand Is Key to Stellantis Turnaround
"Ram has many superpowers," CEO Antonio Filosa said during a conference organized by Goldman Sachs — including raking in the most profits of any of the automaker's 14 brands.
Ocado Gets $350 Million From Kroger for Warehouse Closures
Ocado Group will receive a one-time cash payment of $350 million from Kroger, more than previously announced, after the U.S. grocer decided to close three automated warehouses.
Dow's Transportation Average Blazes 9-Day Winning Streak
Equity traders looking for signs that a blistering stock market advance is set to continue may take their cue from the companies that move goods across America’s roads, rails and waterways.
Fiscal 2026 Funding Bill Stuck in Congressional Negotiations
With less than a month before the end of the calendar year, congressional leaders have not announced a path forward for approving a fiscal 2026 transportation funding measure.
Knight-Swift Truck Driver Delivers Capitol Christmas Tree
Knight-Swift truck driver Michael Porter spent nearly a month hauling the U.S. Capitol Christmas Tree 3,700 miles, culminating in the tree's delivery to the West Lawn of the Capitol on Nov. 21.
PepsiCo Nears Deal With Activist Investor Elliott
PepsiCo has worked to overhaul its portfolio of brands since Elliott announced a roughly $4 billion stake in September and called on the company to review and streamline its snack offerings
Used Truck Sales Hit Fifth Consecutive Year-Over-Year Gain
Sales increased 3.8% to 24,700 units from 23,800 in the 2024 period and 9.3% from 22,600 in September, according to ACT Research data.
Biofuel Producers Ask Trump For Year-Round E15 Sales
The American Petroleum Institute joined a coalition of biofuel producers and fuel retailers asking President Donald Trump to push Congress to develop legislation on the issue.
Dollar General Boosts Outlook as Value Pitch Draws Shoppers
The company’s core consumer is shopping more frequently while purchasing fewer items per visit — an indication that they’re financially pressured, CEO Todd Vasos said on a call with analysts.
Lawsuit Abuse Strains Trucking Industry
New research from ATRI examines the impact of tort litigation industrywide as well as myriad factors that were found to contribute to the outcomes of high-profile court cases.
Kroger Cuts Guidance as Shoppers Get Choosy About Spending
Kroger’s results add to mixed signals about the health of the U.S. economy as consumers navigate persistent woes about inflation and the cooling labor market.