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Circle K Owner Names New CEO as Fuel Sales Drag on Earnings

Wed, 06/26/2024 - 12:13
Alimentation Couche-Tard Inc., Canada’s most valuable retailer, tapped Chief Operating Officer Alex Miller to take over as CEO as the company explores more merger and acquisition deals.

Shale Executives See Takeovers Squeezing US Oil Production

Wed, 06/26/2024 - 11:43
U.S. oil production will decline if the corporate-acquisition spree sweeping the shale sector is prolonged, according to a Federal Reserve Bank of Dallas survey.

Vinn White Named FMCSA’s New Acting Leader

Wed, 06/26/2024 - 10:50
Vinn White, who already leads the Department of Transportation’s artificial intelligence effort, has been named acting leader of the Federal Motor Carrier Safety Administration.

NTSB Chair Says Norfolk Southern Botched Vent-and-Burn Call

Wed, 06/26/2024 - 08:50
EAST PALESTINE, Ohio — The head of the National Transportation Safety Board said that Norfolk Southern tried to interfere with the agency’s investigation into the East Palestine derailment.

Industries Fearing a Port Strike Urge Biden to Revive Talks

Wed, 06/26/2024 - 08:17
Dozens of U.S. industry associations urged the White House to help restart talks between East and Gulf coast dockworkers and port operators, saying a strike is the last thing the economy needs.

FedEx’s Strong Profit Forecast Drives Stock Surge

Wed, 06/26/2024 - 07:58
FedEx Corp. forecast profit above Wall Street’s expectations and said it would buy back $2.5 billion of its stock over the next year.

Rivian to Form EV Venture With $5 Billion From Volkswagen

Tue, 06/25/2024 - 22:37
Volkswagen will invest $5 billion to form a joint venture with electric vehicle maker Rivian Automotive, throwing a lifeline to the startup and giving VW access to Rivian's technology.

GM Hires CEO Whitten for Troubled Cruise Robotaxi Service

Tue, 06/25/2024 - 16:17
General Motors on June 25 named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise.

Federal Regulators Hear Complaints About Predatory Towing

Tue, 06/25/2024 - 16:00
Trucking companies and towing service operators each got to air their grievances before federal regulators during a June 21 session on predatory towing practices.

Senators Introduce Anti-Trafficking Bill

Tue, 06/25/2024 - 13:33
Legislation designed to enhance the federal government’s efforts to combat human trafficking was recently introduced in the Senate.

Trackside Sensor Didn’t Catch Burning Rail Bearing in Ohio

Tue, 06/25/2024 - 09:58
EAST PALESTINE, Ohio — The NTSB confirmed that a trackside detector failed to detect accurate elevated temperatures in a railcar bearing that was on fire 20 miles away from where it derailed. 

Conn. Project to Revamp Congested Interchange Gains Traction

Tue, 06/25/2024 - 09:57
The second phase of a $500 million reconfiguration of interstates 91 and 691 in Connecticut commenced on a congested freight route two hours from Boston and New York.

Tesla Recalls Cybertrucks Twice in One Day

Tue, 06/25/2024 - 09:20
Tesla Inc. is recalling its Cybertruck model again over faulty windshield-wiper components and trim pieces that may come loose while driving.

Texas Logistics Company Ceases Operations

Tue, 06/25/2024 - 08:54
Humble, Texas-based U.S. Logistics Solutions told 2,000 employees that the company was ceasing operations and they would not receive paychecks.

Ford Recalls Over Half a Million 2014 F-150 Pickup Trucks

Tue, 06/25/2024 - 08:27
NEW YORK — Ford Motor Co. on June 25 issued a recall for over half a million F-150 pick-up trucks from the year 2014.

Aurora Innovation, Uber Freight Launch Driverless Program

Tue, 06/25/2024 - 07:46
Uber Freight and Aurora Innovation are launching a program aimed at providing carriers with early access to over a billion miles of driverless deliveries, the companies announced June 25.

Diesel Price Rises 3.4¢ in Second Straight Increase

Mon, 06/24/2024 - 16:23
The national average diesel price edged up for the second consecutive week, a 3.4-cent bump to $3.769, according to Energy Information Administration data released June 24.

Maine’s New Madawaska Bridge to Canada Opens

Mon, 06/24/2024 - 15:19
A new bridge and land port of entry between Maine and Canada has opened, the culmination of a $97.5 million project to build a larger structure to replace a 104-year-old span.

Supreme Court to Consider Approval for Utah Rail Project

Mon, 06/24/2024 - 14:51
WASHINGTON — The Supreme Court agreed to consider reviving a critical approval for a railroad project that would carry crude oil and boost fossil fuel production in rural eastern Utah.

TFI Inks Fifth ’24 Takeover With Tank Truck Carrier Purchase

Mon, 06/24/2024 - 14:08
TFI International acquired Entreposage Marco Inc. for an undisclosed sum, its fifth takeover in 2024 and second of a food-grade liquids hauler, the company announced in a LinkedIn post.

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