General News
OPEC+ Agrees to Pause Oil Supply Increase After Price Rout
OPEC+ clinched a deal to pause its planned oil output hike for two months after prices plunged amid fragile demand.
Private Fleets Ship Record 75% of Owners’ Outbound Freight
Prior to the past two years, the in-house market share had remained steady at the 67% level throughout the survey’s history, NPTC said.
Why Public EV Chargers Almost Never Work as Fast as Promised
At U.S. public stations promising EV charging speeds of 100 kilowatts or higher, the average delivered charge was only 52 kW in 2022.
July Used Class 8 Truck Sales Jump 17% From 2023
The used Class 8 truck market showed signs of life in July, with sales climbing nearly 17% compared to the same month last year, according to ACT Research.
Houston Receives $3.4M to Study Police-Fire Response
Federal officials announced that Houston would receive $3.4 million for a project to study emergency response times, part of $1 billion aimed at improving street safety nationwide.
BMW to Sell Hydrogen Cars in Partnership With Toyota
BMW AG plans to start selling hydrogen-powered vehicles in four years in a bid to establish the technology as an alternative to battery-electric cars.
Daimler Truck Promotes Karin Rådström to CEO
Daimler Truck announced that Karin Rådström will take over as CEO on Oct. 1, replacing company veteran Martin Daum .
ChargePoint Restructures Workforce Amid Revenue Challenges
ChargePoint Holdings, Inc., operator of the largest electric vehicle charging network in the US, plans to cut 15% of its workforce after missing revenue forecasts.
Biden to Reject $14.1 Billion Nippon Steel-US Steel Deal
U.S. President Joe Biden is preparing to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp., according to people familiar with the matter.
Truck Driver Pay Weathers Weaker Freight Conditions
The trucking industry continued to increase overall pay for drivers in 2023 despite a freight market downturn, American Trucking Associations reported Sept. 3.
Ollie’s Invests $75M in Illinois Hub to Cut Trucking Miles
A new Ollie’s Bargain Outlet Holdings distribution center in Illinois will save the company 1.2 million trucking miles annually and serve up to 150 stores.
Volvo to Launch Battery-Electric Truck With Longer Range
Volvo Trucks plans to boost the range for one of its global battery-electric trucks to about 372 miles on a single charge, the Swedish original equipment manufacturer said Sept. 3.
Stellantis, UAW at Odds Over Belvidere Plant Timeline
One sentence in a contract document that runs more than 300 pages is drawing scrutiny as the United Auto Workers warns it could strike Stellantis NV.
Rhode Island Launches Vast WIM System on Washington Bridge
Rhode Island is installing a weigh-in-motion system on the Washington Bridge in Providence, using advanced technology to monitor the structural health of the aging but vital connector.
Nevada Logistics Sector Gets Boost From $376K Grant
The Nevada Governor’s Office of Economic Development has approved $376,000 in state funding to build out logistics training at the College of Southern Nevada, a move aimed at bolstering one of the area’s fastest growing industries.
Port of Halifax to Create Digital Data Hub
Supply chain improvements for trucking are underway at the Port of Halifax in Nova Scotia in a multimillion-dollar venture to create a data hub and digitize container terminal operations.
Kroger, Albertsons CEOs in Court to Defend Merger
PORTLAND, Ore. — The CEOs of Kroger and Albertsons were set to testify in federal court Sept. 4, midway through a three-week hearing in which the grocery chains have defended their proposed merger.
World’s Largest Sailing Cargo Ship Crosses the Atlantic
The largest sailing cargo ship in the world has made its maiden voyage across the Atlantic Ocean. Its shipments have a carbon footprint one-tenth that of a standard containership.
Global Goods Trade Recovery Extends Into Q3, WTO Says
Global merchandise trade is recovering from last year’s slump, the World Trade Organization said, as one of its barometers for activity rose further above the longer-term average pace.
OPEC+ Discusses Possible Delay to Oil Output Hike
OPEC+ is discussing a possible delay to an oil output increase planned for October, delegates said, after prices crashed to the lowest since last year.