Oil Climbs With US Demand Bump Driving Global Rebound Optimism
Oil advanced to the highest intraday level in more than a month as a combination of declining U.S. petroleum product supplies and signs of stronger demand buttressed expectations for a revival in global consumption.
April 28, 2021SuperTruck 3 Pushes for Electrification of Freight Trucks
The Department of Energy intends to provide up to $100 million in funding to push for the electrification of freight trucks of all sizes as part of its new SuperTruck 3 program.
April 28, 2021DHS Extends Real ID Enforcement to May of 2023
The Department of Homeland Security is extending the Real ID full enforcement date by 19 months, from October 1, 2021 to May 3, 2023, due to circumstances resulting from the ongoing COVID-19 pandemic.
April 28, 2021Yellow’s Order for 1,222 579s With Paccar Powertrain Is Peterbilt’s Largest
Peterbilt Motors Co. announced Yellow Corp. placed an order for 1,222 Peterbilt Model 579s, the single-largest order of Peterbilt trucks equipped exclusively with a Paccar powertrain.
April 28, 2021C.H. Robinson Posts Big Q1 Gains in Profit, Revenue
C.H. Robinson Worldwide posted large gains in profits and revenue during the first quarter, driven by higher pricing and increasing cargo volume across most of its service lines.
April 28, 2021Tesla Accused by EPA of Auto-Coating Emissions Reporting Failure
The U.S. Environmental Protection Agency accused Tesla Inc. this month of failing to prove it is complying with hazardous air-pollutant rules related to the surface coatings of its electric cars.
April 28, 2021Biden Releases Money in Push to Modernize US Electric Grid
The federal government said April 27 it was making more than $8 billion available to build and improve the nation’s transmission lines as part of its efforts to improve America’s aging electric grid and meet President Joe Biden’s ambitious clean-energy goals.
April 28, 2021N.Y. Bill Orders All-Electric Truck Sales by 2045
ALBANY, N.Y. — The state Senate on April 26 passed a bill that would essentially mandate that all new passenger cars sold in the state run on electric power by 2035 and trucks and other heavy duty vehicles run on electricity by 2045.
April 27, 2021CN Reports Mixed Q1 as It Enters Merger Battle Over KCS
Canadian National on April 26 reported a slight decline in income and revenue for the first quarter, but company executives during a conference call with investors spent as much time discussing the railroad’s move to seize ownership of Kansas City Southern as they did discussing their own railway’s financial results.
April 27, 2021DSV to Buy Agility’s Logistics Unit for $4.1 Billion
DSV Panalpina A/S agreed to buy Agility Public Warehousing Co.’s Global Integrated Logistics business for $4.1 billion, extending its reach in the air and sea transport industry.
April 27, 2021