National Average Price of Diesel Sheds 1.3¢ in Second Consecutive Decline
The national average price of diesel dropped 1.3 cents a gallon to $2.422, the Energy Information Administration reported Sept. 14. Diesel costs 56.5 cents a gallon less than it did a year ago after the second straight weekly drop.
September 14, 2020Daimler AG to Pay $1.5 Billion to Settle Emissions Cheating Probes
Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Sept. 14.
September 14, 2020Deadlines Come and Go for National Highway Laws
When the Senate Environment and Public Works Committee gave a five-year, $287 billion surface transportation bill unanimous backing last year, meeting a reauthorizing deadline of Sept. 30, 2020, seemed realistic. That was then, this is now. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
September 14, 2020House Aims to Pass Stopgap Government-Funding Bill Week of Sept. 21
The House is aiming to vote the week of Sept. 21 on a stopgap spending bill to keep the government open when the fiscal year ends Oct. 1, Majority Leader Steny Hoyer said.
September 14, 2020House Considers Electric Vehicles Legislation
Senate-passed legislation meant to promote access to electric vehicles around the country will be under consideration before the U.S. House of Representatives this month.
September 14, 2020Hurricane Sally to Hit New Orleans, Alabama Coast
Hurricane Sally will begin hammering the U.S. Gulf Coast with flooding rains late Sept. 14, before making landfall between New Orleans and Mobile, Ala., and potentially causing as much as $3 billion in losses and damage.
September 14, 2020Alabama Awards $1.5 Million for Infrastructure Projects
Leading Alabama officials have announced $1.5 million in funding will be awarded to cities and counties for local road and bridge projects.
September 14, 2020OPEC Forecasts Lower Demand; BP Sees ‘Peak Oil’ in 2020s
Developing countries’ difficulty in containing the spread of the coronavirus pandemic will keep a lid on global oil demand, particularly in India, the OPEC cartel said Sept. 14 as it cut its forecasts.
September 14, 2020Major Companies Reject Trump's Payroll Tax Deferral
A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy still reeling from the coronavirus pandemic.
September 11, 2020Oil Traders Snap Up Tankers in Sign Second-Wave Glut Is Near
Some of the world’s biggest oil traders are getting ready for the possible resurgence of a coronavirus-induced glut of crude and fuels, snapping up giant tankers for monthslong charters so that they can be ready to store excess barrels if necessary.
September 11, 2020