Business

OPEC expects demand for its crude oil to rebound sharply next year, surpassing levels seen before the coronavirus crisis, as rival producers struggle to revive output.

A total of 15 states and the District of Columbia have signed a joint memorandum of understanding committing to work collaboratively to advance and accelerate the market for electric medium- and heavy-duty trucks and other vehicles.

U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain.

Federal trucking regulators are seeking information on the safety operations of small commercial trucks and vans making deliveries for online retailers and grocery stores that seem to be increasing in number in recent months, but staying mostly under the regulatory radar.

The nationwide average price of diesel fuel was nearly flat the past week, according to U.S. Energy Information Administration data released July 13.

Oil retreated before an OPEC+ committee meeting this week that may confirm the group’s intention to taper production cuts even as the coronavirus surges in many countries, including the U.S.

The National Highway Traffic Safety Administration reported it administered almost 900 safety recalls in 2019, affecting more than 38 million vehicles. Two recent voluntary safety recalls illustrate the kinds of issues truck makers are adjusting to and how the agency is overseeing those efforts.

Michigan is creating a centralized team to handle future technology issues, with the new Office of Future Mobility and Electrification.

Forward Air Corp. will now offer less-than-truckload services in Savannah, Ga., the company announced July 13.

Southwest Airlines Co. needs passenger numbers to triple by year-end if it’s going to avoid the carrier’s first ever involuntary job cuts, its chief executive officer said, even as rising coronavirus infections prompt some states to restrict travel.