Coronavirus Has Oil Traders Seeking Ships to Hoard Unsold Crude
Oil traders and sellers are making more inquiries for supertankers to hoard crude at sea in the latest indication of the crushing impact the coronavirus is having on demand in the world’s biggest importer.
February 5, 2020Class 8 Orders in January Rise 10% Year-Over-Year
North American Class 8 orders for January hit 17,700, a 9.9% increase from the same period a year earlier, and notching the first year-over-year gain since October 2018.
February 4, 2020Hemp Is Legal, but Guidelines Still Need Tweaking, Commenters Say
Among more than 4,600 public comments filed regarding a new regulation issued by the U.S. Department of Agriculture on Oct. 31, many lobbed criticism at how regulators are interpreting the underlying 2018 farm bill that legalized industrial hemp.
February 4, 2020US Senate Bill to Allow Interstate Truckers Under 21 Touted at Hearing
WASHINGTON — A bill that would pave the way for commercial drivers younger than 21 to drive trucks across state lines received a resounding endorsement from an organization that represents freight industry interests nationwide during a Feb. 4 Senate hearing.
February 4, 2020Amazon Finally Closes Above $1 Trillion After Months of Close Calls
Amazon .com Inc. closed with a valuation above $1 trillion for the first time Feb. 4, after failing to hold above that threshold through the end of a trading day in the previous two sessions.
February 4, 2020UPS Appoints Stephen Denton to Lead Ware2Go
Stephen Denton was appointed CEO of on-demand fulfillment platform Ware2Go Inc., the company announced Feb. 4.
February 4, 2020New Jersey Gov. Phil Murphy Signs Laws to Protect Misclassified Workers
New Jersey Gov. Phil Murphy recently signed a series of laws meant to combat worker misclassification.
February 4, 2020AAR: PTC Implementation for Freight Railroads Almost Finished
Implementation of automatic braking technology for freight railroads is nearly complete, an industry group indicated recently.
February 4, 2020Tesla Doubles Value on EV Dominance
As Tesla observers try to understand how and why the stock already has doubled this year, analysts and Musk’s own rivals are second-guessing the notion that the Model 3 maker will be caught anytime soon.
February 4, 2020CARB Launches Zero-Emission Freight Equipment Project
The California Air Resources Board started an initiative to promote zero-emission freight equipment at transportation hubs, such as ports, distribution centers, airports and rail yards.
February 4, 2020