General News
Nebraska Seeks Truckers to Haul Hay After Massive Wildfire
Truckers willing to haul hay for cattle rescued from Nebraska’s largest wildfire are being sought and offered a stipend to offset high fuel prices.
Georgia Gov. Kemp Suspends Motor Fuel Taxes for 60 Days
Georgia Gov. Brian Kemp signed a law March 20 to suspend for 60 days motor fuel taxes to help residents cope with rising pump prices.
Analysts Doubt Canada Can Meet IEA Oil Target
Canada would be the third-largest contributor to the IEA’s program, with the added crude at about 130,000 extra barrels a day if rolled out over six months.
FMCSA Toughens Enforcement of Carrier Number Transfers
“FMCSA will inactivate USDOT Numbers upon discovery that the number is being used by anyone other than the assigned legal person,” the FMCSA said.
Dallas Fed Sees Hit to Global GDP if Hormuz Stays Shut
Economists are monitoring both the inflationary and demand impacts from soaring prices of gasoline, diesel and other petroleum products.
Oil Tanker Market’s Key Rate Thrown Into Chaos
Without the TD3 rate, the brokers have almost nothing upon which to base their assessments.
North Carolina Could Claw Back VinFast EV Plant Incentives
The automaker's latest blueprint calls for 80% fewer workers than promised, which jeopardizes hundreds of millions of dollars in incentives.
Senate Bill Calls for Fertilizer Price Transparency
The Fertilizer Transparency Act would “offer market participants of all sizes comparable levels of market information on fertilizer components.”
US Soy Ships Pile Into China as Summit Delay Clouds Trade
The uncertainty has weighed on soybean prices, with Chicago futures headed for a weekly drop of around 4.5%, the most in nearly a year.
Oil Refiners Pay Huge Premiums to Replace Middle East Crude
The prices demonstrate yet another pinch point in the global energy industry system caused by the effective closure of the Strait of Hormuz.
TMC Welcomes Mark Kennedy as Its 67th General Chairman
The final night of the Technology & Maintenance Council Annual Meeting marked the introduction of its 67th general chairman and treasurer, Mark Kennedy.
Motive Faces $30M Arbitration Loss but Wins ITC Patent Case
Motive Technologies has been ordered to pay rival Samsara more than $30 million over false advertising claims but was cleared in a patent infringement case.
FedEx Lifts Profit Outlook as Network Plan Gains Traction
Investors are looking to FedEx for signals about what the war in Iran and the Supreme Court’s decision on tariffs may mean for corporate America.
Bezos Seeks $100 Billion for AI-Focused Manufacturing Fund
Jeff Bezos in recent months has met with large asset managers to raise money for the project, including during trips to the Middle East and Singapore.
USPS Chief Steiner Warns Cash Will Run Out Within Year
“How long are employees going to work and vendors going to show up if we're not paying them?" Postmaster General David Steiner said in an interview.
IEA Details Contributions for Coordinated Stockpile Draw
The IEA said the release will largely consist of crude oil, though contributions from Europe will primarily take the form of refined petroleum product.
White House Rules Out Export Curbs as Fuel Prices Rise
November’s midterms will hinge in part on Americans’ attitudes toward the cost of living, and polls show the president is getting poor economic marks.
Mark Kennedy Rises From Technician to TMC Chairman
Mark Kennedy says his journey from trailer technician to TMC chairman is a testament to curiosity and a willingness to step outside his comfort zone.
Clarios Introduces Battery-as-a-Service Program at TMC
Battery manufacturer Clarios has introduced a battery-as-a-service program to optimize battery replacement and reduce costs for fleet operators.
Iran Intensifies Attacks on Gulf Energy Sites
The strikes sent fuel prices soaring and risked drawing Iran’s Arab neighbors directly into the conflict.