Government
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
Tax Credit Lures Canada’s Largest Renewable Diesel Venture
Canada’s Alberta province has provided an Agri-Processing Investment Tax Credit to Imperial Oil Ltd. for a C$720 million project to build the nation’s largest renewable diesel facility.
ATA Critical of Proposed Federal Downgrade of Marijuana
American Trucking Associations has expressed safety concerns over a Drug Enforcement Agency proposal to downgrade the classification of marijuana from Schedule I to Schedule III.
Senator Promotes Emerging Transportation Technologies
The adoption of emerging technologies contributes to safety improvements throughout the nation’s transportation network, federal lawmakers and stakeholders said.
ConocoPhillips to Buy Marathon Oil for $17.1 Billion
ConocoPhillips is buying Marathon Oil in an all-stock deal valued at approximately $17.1 billion as energy prices rise and big oil companies reap massive profits.
Diesel Price Slips 3.1¢ to Settle at $3.758
The national average diesel price dropped 3.1 cents to reach $3.758, its lowest point in more than two years, according to Energy Information Administration data on May 27.
May 28, 2024BET Evolution at Same Point as Brick Cellphones: Sanchez
Battery-electric trucks have arrived at an evolutionary point not dissimilar to the one that brick-style cellphones occupied in the 1980s, Ryder System CEO Robert Sanchez said.
Update: Movers Group Seeks Review of $20B Contract for Military Moves
"Movers for America" is asking Congress to direct the U.S. Government Accountability Office to pause the $20 billion contract awarded to HomeSafe Alliance, evaluate program for moving military members and their families.
May 28, 2024Shippers, Private Fleets Aim for Sustainability
LAS VEGAS — Despite higher costs, some shippers and carriers continue to invest in alternative fuels and zero-emission transportation to meet their corporate sustainability objectives.
Canada Grants $10M to Top Mineral Port to Boost Supply Chain
Canada is investing C$10 million from its National Trade Corridors Fund to alleviate supply chain congestion and modernize an aluminum terminal at the Port of Sept-Îles.
Energy Transfer to Buy Permian Operator WTG for $3.3 Billion
U.S. pipeline giant Energy Transfer LP has reached a deal to buy WTG Midstream through a deal valued at about $3.25 billion.