Oil Shrugs Off US Tariff Hike to Climb on Tighter Supply
Oil pushed higher despite the U.S. imposition of higher tariffs on Chinese goods, as rising tensions in Iran and elsewhere kept the supply outlook tight.
May 10, 2019Lawmakers Mull Funding Options for $2 Trillion Infrastructure Deal
WASHINGTON — More than a week after President Donald Trump and congressional Democrats elevated a $2 trillion infrastructure package for lawmakers’ legislative agenda, stakeholders are speaking up about their funding preferences in advance of a planned meeting between the White House and transportation policymakers to discuss how to pay for the initiative.
May 9, 2019Chevron Walks Away From $33 Billion Deal to Buy Anadarko
Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a monthlong bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.
May 9, 2019A. Duie Pyle Puts Two Electric Trucks on New York City Streets
Executives with less-than-truckload carrier A. Duie Pyle Inc. said the company is on the verge of operating two battery-electric Fuso eCanter Class 4 trucks in New York City as it steps up its involvement with electrified commercial vehicles.
May 8, 2019Anadarko Accepts Occidental Petroleum Bid; Chevron to Make Counteroffer?
Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,” giving Chevron Corp. until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four years.
May 7, 2019Lawmakers Introduce Bill to Repeal Federal Excise Tax on New Trucks
Two members of the U.S. House of Representatives recently introduced legislation aimed at repealing the 12% federal excise tax on certain heavy-duty trucks, tractors and trailers.
May 7, 2019Diesel Climbs 0.2¢ to $3.171
The U.S. average retail price of diesel climbed 0.2 cent to $3.171 a gallon, as crude oil prices settled below $63 amid international tensions, the Department of Energy reported May 6.
May 6, 2019Oil Rises as Middle East Tension Drowns Out Trump Trade Threats
Oil recovered from early declines after President Donald Trump threatened to escalate his trade war with China but also dispatched warships to the Middle East in a warning to Iran.
May 6, 2019Agreement Solidifies First Victory for Trump’s Attempts at ‘Infrastructure Week’
The April 30 meeting between President Donald Trump and congressional Democrats produced an agreement on a $2 trillion infrastructure package. The next step, which will occur within the next three weeks, is to discuss funding. Here's your Capitol Agenda look ahead at the week for trucking on Capitol Hill.
May 6, 2019TransCanada Profit Tops Estimates Ahead of Key Legal Decisions
TransCanada Corp. posted first-quarter profit that topped analysts’ estimates, giving the pipeline company momentum as it enters a period that’s likely to feature key legal decisions on some of its major projects.
May 3, 2019