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Updated: 2 hours 32 min ago

Buttigieg, Lawmakers Tout IIJA on Third Anniversary

Tue, 10/29/2024 - 16:10
Approaching the three-year anniversary of the Infrastructure Investment and Jobs Act, Pete Buttigieg is pointing to the law’s impact on communities and commercial corridors.

Colonial Pipeline Weighs Bids for Potential $10B Sale

Tue, 10/29/2024 - 15:20
The Alpharetta, Ga.-based company is working with advisers as it seeks to gauge interest from potential buyers, according to sources who asked not to be named.

Torc Robotics Begins High-Speed, Driverless Truck Testing

Tue, 10/29/2024 - 15:00
Since May, the independent subsidiary of Daimler Truck has been conducting fully driverless truck tests at up to 65 mph on a multilane test track in Texas, the company revealed Oct. 29.

US Grants $2.4B for Rail Infrastructure Upgrades

Tue, 10/29/2024 - 14:42
Most of the money will go to track and bridge upgrades. Some will be used to bolster training and explore cleaner-burning alternatives to the diesel the rail industry has long relied on.

New Indiana, Ireland Pact Seeks Direct Container Service

Tue, 10/29/2024 - 14:03
A business pact to form a container service between Indiana and Ireland was signed recently by officials from the Ports of Indiana and Port of Cork.

New Arizona-Mexico Commercial Port Gets $275M Contract

Tue, 10/29/2024 - 13:36
The U.S. General Services Administration awarded a $275 million contract to create a large commercial border crossing in Arizona to facilitate bilateral trade with copper mines in Mexico.

Holt Truck Centers Expands With Kyrish Acquisition

Tue, 10/29/2024 - 12:48
Following the deal, Holt Truck Centers will have 35 locations, which the parent company said would make it the third-largest International Motors dealership in the U.S.

Soybean Demand Drops as US Biofuel Tax Credit Stalls

Tue, 10/29/2024 - 12:32
Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans because of uncertainty over U.S. biofuels policy.

Trucking Firms Call on Hochul to Delay New York’s EV Rule

Tue, 10/29/2024 - 10:55
COHOES, N.Y. — Trucking industry executives and others asked Gov. Kathy Hochul to pump the brakes on state regulations that mandate sales of electric trucks in New York starting in January.

White House Adviser Addresses Fleets’ Need for Cybersecurity

Tue, 10/29/2024 - 10:54
CLEVELAND — White House official Stephen Viña stressed the importance of trucking cybersecurity Oct. 28 even as carriers adapt to an unknown technological future.

PennDOT Approves Rules for Self-Driving Vehicles in State

Tue, 10/29/2024 - 10:27
There are now rules of the road for self-driving vehicles in Pennsylvania.

Covenant's Q3 Net Income and Revenue Take Slight Dips

Tue, 10/29/2024 - 10:02
The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.

BYD Reportedly Hires Another Stellantis Executive

Tue, 10/29/2024 - 09:25
China’s BYD Co. reportedly is hiring the former U.K. chief of Stellantis NV as the EV maker builds a team of European executives to lead its expansion in the region.

Oil Prices Fall on Weak Global Demand

Tue, 10/29/2024 - 08:36
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared.

Biden to Announce $3B to Reduce Carbon Emissions at Ports

Tue, 10/29/2024 - 08:03
WASHINGTON — The Biden administration is awarding nearly $3 billion to boost climate-friendly equipment and infrastructure at ports across the country.

US Finalizes China Investment Restrictions on Key Tech

Mon, 10/28/2024 - 16:34
The rules, which come after more than a year of deliberation, ban some investments into those industries and require the U.S. government to be notified about others.

Diesel Price Nudges Up 2¢ to $3.573 a Gallon

Mon, 10/28/2024 - 16:10
The U.S. average diesel price edged up 2 cents, reaching $3.573 per gallon, according to U.S. Energy Information Administration data released Oct. 28.

Ford’s Profit Outlook Falls Short as EV Demand Slows

Mon, 10/28/2024 - 16:00
Adjusted earnings before interest and taxes this year will be about $10 billion, down from a previous outlook for as much as $12 billion, the company said Oct. 28.

United Rentals Hits Q3 Revenue High, Faces Margin Pressure

Mon, 10/28/2024 - 15:36
United Rentals Inc. set a quarterly revenue record in Q3 on surging demand in its specialty rentals segment, but the company faced margin pressure on bottom-line results.

PepsiCo to Close Chicago Plant, Offer 60 Days’ Pay

Mon, 10/28/2024 - 14:52
PepsiCo said the decision was difficult, but it described the 60-year-old building as a facility with “physical limitations.” The company said it would pay workers for the next 60 days

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