Oil Extends Gain as US Stockpiles Drop and Trade Tensions Ease
Oil extended an advance after a U.S. industry report signaled a bigger-than-expected draw in nationwide crude inventories and as trade tensions eased between the world’s largest economies.
December 12, 2018Agility to Invest $100 Million in Shipa Digital Logistics Platform
Agility, a global logistics and freight services company headquartered in Kuwait, has announced a $100 million investment over three years to launch Shipa.com. The platform will help businesses, entrepreneurs and consumers manage freight, e-commerce and urban deliveries online.
December 12, 2018Hyundai Plans $6.7 Billion Investment to Boost Fuel-Cell Output
Hyundai Motor Group and its suppliers plan to spend $6.7 billion (7.6 trillion won) through 2030 to raise production of fuel cells more than 200-fold as the South Korean automaker targets becoming a key player in new-energy vehicle technology.
December 12, 2018Tesla CEO Elon Musk Is Getting Last Laugh on Wall Street
It was only a few months ago that Wall Street was bashing Elon Musk’s Tesla Inc. Times have changed for the automaker and its mercurial CEO.
December 12, 2018House Panel Examines Draft Legislation for Ethanol Mandates
WASHINGTON — With the current session of Congress quickly coming to a close, the top policymaker on environmental issues in the U.S. House made sure new draft legislation on ethanol mandates he co-authored would see the light of day.
December 12, 2018Volvo Trucks to Introduce All-Electric Version of VNR Model
WASHINGTON — Volvo Trucks will bring electric-powered commercial trucks to North America in 2019 by introducing a battery-electric version of its VNR regional haul model.
December 11, 2018DOT Announces BUILD Grant Recipients
The U.S. Department of Transportation announced the winners of its first round of Better Utilizing Investments to Leverage Development discretionary grants.
December 11, 2018Amazon Chooses Fort Worth’s Alliance Airport for Regional Hub
Amazon.com is building a new regional air hub at Fort Worth’s Alliance Airport, bolstering its shipping business in a move that’s expected to create hundreds of jobs for the region.
December 11, 2018FMCSA Seeks Final Round of Comments on Military-Driver Pilot Program
The Federal Motor Carrier Safety Administration is seeking a final round of comments on its plan to soon begin a three-year pilot program to compare the safety records of current or former military heavy truck drivers younger than 21 with a control group of current interstate drivers from 21 to 24 years old.
December 11, 2018US Holds Steady on Outlook for Domestic Oil Production Rising Despite Lower Prices
The U.S. government left its forecast for domestic crude production unchanged for 2019 even with prices averaging almost $11 a barrel lower than its previous estimate.
December 11, 2018