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Gas Prices Hit Record With Driving Season Looming

Tue, 05/10/2022 - 11:52
Retail gasoline and diesel prices rallied to a record just ahead of the nation’s summer driving season, a challenge for President Joe Biden and the Federal Reserve as they face the fastest inflation in decades.

DTNA Unveils Production-Ready eCascadia at ACT Expo

Tue, 05/10/2022 - 11:35
LONG BEACH, Calif. — Freightliner Trucks, a division of Daimler Truck North America, has unveiled its production-ready eCascadia Class 8 electric truck, built on the best-selling heavy-duty truck platform in North America.

NHTSA Seeks OK to Extend Data Collection for Safety Tech Study

Tue, 05/10/2022 - 10:42
The National Highway Traffic Safety Administration plans to continue gathering data for its crash-avoidance field study that is seeking comments from commercial motor carrier drivers about their beliefs and attitudes toward safety technologies.

How Anglo American Developed the World’s Biggest Hydrogen-Fueled Truck

Tue, 05/10/2022 - 09:23
Four years ago, Anglo American Plc couldn’t find any industry partners to support its idea of replacing open-pit mining’s monster diesel trucks with climate-friendly, green hydrogen-fueled vehicles.

HMM to Continue Deploying More Ships as Port Congestion Persists

Tue, 05/10/2022 - 08:57
HMM Co., the biggest container-shipping line in South Korea, will continue deploying more vessels than usual to try to meet demand from the country’s exporters struggling to transport goods overseas.

XPO Reports Record $3.47 Billion in Revenue for Q1

Mon, 05/09/2022 - 17:19
XPO Logistics Inc. reported its highest revenue of any quarter in its history May 9 for the first quarter of 2022 and named the CEO for its planned spin-off of its tech-enabled brokered services platform.

Diesel Rises 11.4¢, Sets New Record at $5.623 a Gallon

Mon, 05/09/2022 - 17:15
The national average price of diesel posted its second double-digit increase in as many weeks, rising 11.4 cents to $5.623 a gallon and a new all-time high, according to Energy Information Administration data released May 9.

Critical Talks to Begin for West Coast Port and Warehouse Workers

Mon, 05/09/2022 - 16:33
Labor Secretary Martin Walsh, seaport officials on the West Coast, International Longshore and Warehouse Union negotiators and leaders with the Pacific Maritime Association are talking optimistically that a long-term contract with workers can be negotiated this summer.

Odyssey Realigns Business Structure With Four New Divisions

Mon, 05/09/2022 - 15:01
Odyssey Logistics & Technology Corp. realigned its business structure by creating four new operating divisions, the company announced May 4.

At More Than $4.30 a Gallon, Gasoline Nears Its March Record

Mon, 05/09/2022 - 14:29
Gasoline pump prices in the U.S. are rising to within a hair of an all-time record three weeks ahead of the peak driving season.

Crossword Puzzle Solution for May 9, 2022

Mon, 05/09/2022 - 12:30
Here's the solution to the crossword puzzle found in the May 9, 2022 print edition.

U.S. Xpress Reports Earnings Loss Despite Revenue Gains

Mon, 05/09/2022 - 12:12
U.S. Xpress Enterprises reported revenue growth but a decline in earnings for the first quarter of 2022.

Senate Panel Advances Water Infrastructure Bill

Mon, 05/09/2022 - 11:53
Legislation designed to enhance funding for the country’s commercial waterways was easily approved by the Senate Environment and Public Works Committee this month.

Lordstown Motors Again Postpones Deadline for Foxconn Plant Deal

Mon, 05/09/2022 - 11:38
Electric truck startup Lordstown Motors Corp.’s shares sank as much as 19% after it pushed back a deadline to complete the sale of its Ohio assembly plant to Foxconn.

Volvo Autonomous Solutions, DHL to Partner on Hub-to-Hub Transport

Mon, 05/09/2022 - 10:07
Volvo Autonomous Solutions announced it will offer a new hub-to-hub autonomous transport solution in North America, designed to serve shippers, carriers, logistics service providers and freight brokers.

Industry Leaders Raise Concern About Proposed EPA NOx Rule

Mon, 05/09/2022 - 09:00
The Environmental Protection Agency is proposing its first new rules governing heavy-truck nitrogen oxide emissions in two decades, but engine manufacturers say the proposals would be difficult to meet and counterproductive because they could slow the move to cleaner technology.

Rivian Tumbles After Report of Ford Share Sale at a Discount

Mon, 05/09/2022 - 08:46
Rivian Automotive Inc. sank 17% in U.S. premarket trading after a media report that Ford Motor Co. is selling 8 million of its shares in the electric-pickup maker at a discount.

Universal Reports Higher Results in Historic Q1 for Company

Fri, 05/06/2022 - 14:55
Universal Logistics Holdings experienced higher earnings and revenue during a historic first quarter, the company reported May 5.

FHWA to Extend Inspection Requirements for Bridges

Fri, 05/06/2022 - 14:28
The Federal Highway Administration has issued a final rule that will extend inspection requirements for some of the nation’s bridges from 24 months to 48 months, and in some cases, 72 months.

FedEx Driver Helped Tariq Woolen Reach His NFL Dreams

Fri, 05/06/2022 - 12:21
FedEx driver Thailand Pierce gets some of the credit for getting Texas-San Antonio cornerback Tariq Woolen to the NFL as the Seattle Seahawks' fifth-round draft pick.