Truck Tonnage Rises Slightly in June
Truck tonnage in June inched up 0.5% compared with year-ago levels, a slowdown compared with recent months amid a tempering of freight activity nationwide, according to American Trucking Associations’ For-Hire Truck Tonnage Index.
July 20, 2021World’s Road Fuel Demand to Peak Earlier Than Expected
Demand for gasoline and diesel to fuel cars and trucks will peak in 2027 — four years earlier than expected — as more fuel-efficient autos and increasing adoption of electric vehicles curb global consumption, according to BloombergNEF.
July 20, 2021New Cybersecurity Order Issued for US Pipeline Operators
WASHINGTON — The Department of Homeland Security on July 20 announced new requirements for U.S. pipeline operators to bolster cybersecurity following a May ransomware attack that disrupted gas delivery across the East Coast.
July 20, 2021Georgia Port Chief Sees US Import Surge ‘Easily’ Lasting Into 2022
The head of one of the largest U.S. gateways for trade said robust demand for imported goods likely will be sustained into 2022 as companies scramble to rebuild stockpiles during an uneven rebound from the pandemic.
July 20, 2021Honda Ditches Go-It-Alone Strategy to Make Safer Move Toward EVs
Honda Motor Co. long eschewed big strategic alliances, preferring to go it alone even as many of its carmaking peers banded to improve economies of scale. That strategy is changing now that the Japanese automaker is shifting more aggressively to electric vehicles.
July 20, 2021Oil Futures Fall 7.5%, Largest Decline Since September
Oil was the biggest loser in a broad market selloff after OPEC+ agreed to boost crude supply as a resurgent virus shook investor confidence in the global economic recovery.
July 19, 2021Haldex Reports Higher Earnings, Revenue as Markets Rebound
Braking and air suspension systems provider Haldex reported positive net income and a 30% gain in revenue for the second quarter, ended June 30.
July 19, 2021Republicans Balk at Infrastructure Deadline
Senate Republicans in bipartisan talks on a $579 billion infrastructure deal are warning Majority Leader Chuck Schumer (D-N.Y.) that if he goes through with a July 21 vote to start debate on the plan he won’t have their support and his attempt to enforce a deadline will fail.
July 19, 2021Wisconsin Issues $160 Million in Transportation Aid to Local Agencies
Wisconsin officials recently announced the distribution of $160.2 million in financial assistance for transportation purposes to municipalities across the state.
July 19, 2021Indiana Gives Utilities $5.5 Million to Build EV Charging Network
If you build it, they will come. At least that’s what the state of Indiana and its utilities are hoping for when it comes to charging stations and electric vehicles.
July 19, 2021