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Updated: 2 hours 33 min ago

STB Urged to Reject CP-KCS Merger

Thu, 06/23/2022 - 21:23
Three of the five members of the Federal Maritime Commission are urging the Surface Transportation Board to reject Canadian Pacific Railway’s plan to merge with the smaller, but strategically significant Kansas City Southern Railroad.

FedEx’s Full-Year Profit Forecast Exceeds Estimates

Thu, 06/23/2022 - 17:44
FedEx Corp. jumped in late trading after releasing an annual earnings forecast that was above analysts’ expectations as the courier benefited from higher package prices and resolved some operating snags tied to the labor shortage.

House Funding Panel Approves Fiscal 2023 Transportation Bill

Thu, 06/23/2022 - 17:42
A House panel on June 23 approved legislation that would fund operations at the U.S. Department of Transportation for fiscal 2023.

Oil Industry Says Granholm Meeting Sends ‘Positive Signal’

Thu, 06/23/2022 - 15:23
WASHINGTON — A meeting with Energy Secretary Jennifer Granholm to discuss lowering gas prices and boosting domestic oil supplies was constructive, but did not produce a major breakthrough, groups representing the oil industry and refiners said June 23.

May Data Likely to Show Used Class 8 Demand Softens Again

Thu, 06/23/2022 - 13:55
Demand in the used Class 8 market is softening, experts said, citing steady declines in both the spot freight volumes and rates that so many buyers of used trucks rely on for a living.

EIA Network Issues Delay Fuel Price Release

Thu, 06/23/2022 - 13:44
The U.S. Energy Information Administration has had to delay its reporting of fuel prices for the week of June 20.

Fuel Costs Renew Focus on Empty Miles

Thu, 06/23/2022 - 13:08
Trucking is renewing focus on empty miles amid rising diesel prices that lead to greater expense.

Ports on Both Coasts Report Record Volume in May

Thu, 06/23/2022 - 12:32
The strong pace of imported goods to the nation’s ports continued in May.

Trucking Critical of SEC Emissions Report Proposal

Thu, 06/23/2022 - 12:25
A proposal by the U.S. Securities and Exchange Commission that would require public companies to report their greenhouse gas emissions to the agency was criticized in written comments by a handful of truckers and their trade organizations.

Ocean Shipping Reform Act Won’t Benefit Port of Vancouver

Thu, 06/23/2022 - 12:08
Consumers and exporters saw financial turmoil from tumultuous international shipping practices in the past year. But the Port of Vancouver was not impacted like other harbors were.

Transportation Software Sector Sees M&A Rise

Thu, 06/23/2022 - 11:55
Technology-focused companies supporting the trucking and logistics sector have experienced a rise in merger and acquisition activity.

Stakeholders, Senior Lawmakers Oppose Gas Tax Holiday

Thu, 06/23/2022 - 11:01
Prominent transportation stakeholders and key congressional lawmakers pushed back on President Joe Biden’s call to temporarily suspend the federal gas tax.

US Ports Face Renewed Congestion Amid China Reopening

Thu, 06/23/2022 - 10:43
As China lifts its latest coronavirus lockdowns, experts worry the resulting influx of goods flowing from the country could renew bottlenecks at ports in the United States.

Gas Tax Holiday Would Increase Prices, Hess CEO Says

Thu, 06/23/2022 - 10:33
President Joe Biden’s plan to suspend the federal gasoline tax would only make things worse for U.S. drivers, one industry CEO said ahead of a meeting in Washington between oil executives and administration officials.

Electric Vehicle Working Group Seeks Members by July 15

Thu, 06/23/2022 - 10:23
Nominations of truckers, local officials, regulators, labor union members and vehicle manufacturers are being sought by July 15 to serve on a new electric vehicle federal advisory group under the Joint Office of Energy and Transportation.

CATL Unveils EV Battery With Longer Range

Thu, 06/23/2022 - 09:47
Contemporary Amperex Technology Co. Ltd. unveiled an electric car battery it said has a range of over 620 miles (1,000 kilometers) on a single charge and is 13% more powerful than one planned by Tesla Inc., a major customer.

Einride Gets NHTSA Approval to Test Driverless Pods on US Roads

Thu, 06/23/2022 - 08:46
Electric truck maker Einride AB has received approvals to test its driverless vehicle on public roads in the U.S., paving the way for the company to conduct a pilot with partner GE Appliances.

NHTSA Reports ADS, ADAS 12-Month Crash Data

Thu, 06/23/2022 - 08:43
The National Highway Traffic Safety Administration, for the first time, collected and analyzed data on crashes involving vehicles using SAE Level 2 advanced driver assistance systems, and separately, SAE Levels 3-5 automated driving systems.

Elon Musk Says New Tesla Plants Are Losing Billions

Wed, 06/22/2022 - 16:23
Elon Musk said Tesla Inc.’s new plants in Germany and Texas are losing “billions of dollars” as the electric vehicle maker tries to ramp up production.

Trevor Milton Indicted on New Fraud Charge

Wed, 06/22/2022 - 16:11
Nikola Corp. founder Trevor Milton, who is scheduled to go on trial next month on charges he misled investors about the company’s business prospects, was indicted for allegedly defrauding the previous owner of his Utah ranch, which Milton used as collateral for his bail.