Oil Refiners Win at Supreme Court With Easier Waivers on Biofuel
The Environmental Protection Agency has wide latitude to exempt refineries from federal mandates that they mix renewable fuels into gasoline and diesel, the U.S. Supreme Court ruled June 25, a victory for oil companies seeking a break from the requirements.
June 25, 2021Tech Giants Make Push Into Autonomous Driving
For tech giants that are diving into self-driving tech or have grand plans for their own cars, that push isn’t just about breaking into a new market — it’s about defending valuable turf.
June 25, 2021Consumer Spending Flat in May
WASHINGTON — Consumer spending was flat in May while incomes dropped for a second month as the impact of the government’s individual impact payments waned. Inflation, however, posted a sizable gain of 0.4%.
June 25, 2021FedEx Tops $20 Billion in Revenue for Third Straight Quarter
FedEx Corp. reported a surge in bottom-line results for its fiscal fourth quarter as e-commerce continued to fuel demand for the company’s services.
June 24, 2021Appeals Court Rules in Favor of U.S. Xpress in Driver Pay Dispute
A U.S. appeals court has issued an opinion in favor of U.S. Xpress Enterprises in a class-action case in which California truck drivers argued they should have been paid for nondriving work time, even while under a piece-rate basis agreement with the carrier to transport a load.
June 24, 2021Logistics Sector Altered but Resilient, CSCMP Reports
The logistics sector continues to demonstrate the perseverance that carried it through the toughest days of the economic downturn that accompanied the coronavirus pandemic, the Council of Supply Chain Management Professionals said in a recent report.
June 24, 2021Embark to Go Public, Merge With SPAC in $4.5 Billion Deal
Self-driving truck technology company Embark Trucks Inc. has entered into a definitive business combination agreement with Northern Genesis Acquisition Corp. II, a special purpose acquisition company.
June 24, 2021US Economy Grows 6.4% in Q1
The U.S. economy grew at a solid 6.4% rate in the first three months of the year, setting the stage for what economists believe may be the strongest year for the economy in about seven decades.
June 24, 2021Key US Oil Storage Hub Seen Depleting as Producers Hold Tight
Crude oil inventories in America’s largest storage hub are falling fast as the post-pandemic demand rebound continues to outpace production.
June 24, 2021Biden, Key Lawmakers Agree on Bipartisan Infrastructure Deal
President Joe Biden announced on June 24 that “we have a deal,” signaling a bipartisan agreement on a $953 billion infrastructure plan that would achieve his top legislative priority and validate his efforts to reach across the political aisle.
June 24, 2021