Government

The national average diesel price continued its steady descent, shedding 4.8 cents to reach $3.828 a gallon, according to Energy Information Administration data released Jan. 8.

Container shipping is set to face a crunch ahead of the Lunar New Year holiday as Houthi attacks in the Red Sea restrict capacity, a major industry consultant said. 

Driverless trucks with no humans on board will soon cruise Texas highways if three firms have their way despite objections from critics who say finances, not safety, is behind the timetable.

The nation’s employers added a robust 216,000 jobs in December 2023, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates.

A.P. Moller-Maersk A/S plans to continue diverting ships away from the Red Sea “for the foreseeable future” after pausing transits earlier this week to assess the situation.

Confirmation votes for National Transportation Safety Board nominees J. Todd Inman and Alvin Brown are on the Senate’s radar.

Transportation Secretary Pete Buttigieg is among the senior officials headlining the Transportation Research Board meeting this year.

Supply is back in the driver’s seat for global crude markets, as rising production from non-OPEC+ nations including the U.S. may outstrip global demand that’s growing at a slower pace.

Short-term rates for container shipping between Asia, Europe and the U.S. are climbing on reduced capacity caused by the threats to cargo vessels in the Red Sea.

A consortium of 21 states has filed a federal lawsuit claiming that President Joe Biden and his administration have overstepped their authority in taking steps to regulate greenhouse gas emissions.