Dallas-based Matador now plans to produce an average of 98,500 to 101,500 barrels of oil per day in 2024, a 5% increase from the company’s previous projection.
October 23, 2024Business, Fuel
Matador Increases 2024 Oil Output Projection by 5%
Government, Business
Economy: ATA's Bob Costello Anticipates Freight Market Rebalancing
American Trucking Associations Chief Economist Bob Costello on Oct. 14 highlighted how the freight market is set to slowly improve as equipment and demand rebalance.Â
October 23, 2024Business, Logistics
Old Dominion Sees First Year-Over-Year Revenue Drop in 2024
Old Dominion Freight Line experienced a slight decline in third-quarter revenue amid ongoing market softness, the company reported Oct. 23.
October 23, 2024Government, Business, Technology, Equipment, Fuel
Birla Carbon to Open $1B Graphite Plant in South Carolina
The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.
October 23, 2024Government, Business, Logistics, Perspective
Perspective: Trucking Comes Through in Times of Need
In the worst moments, truckers are among the first to arrive, bringing lifesaving medication, water and food, writes new American Trucking Associations Chairman Dennis Dellinger.
October 23, 2024Business, Technology, Equipment, Fuel
NACFE: Early Electric TRUs Show Promise; Struggle With Costs
The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.
October 23, 2024Business, Technology, Fuel
Hyundai Testing Novel Hydrogen Production
Hyundai’s plant in Georgia has been running its internal logistics operations using hydrogen and the automaker has been testing domestic production of the fuel using biogas from food scraps.
October 23, 2024Government, Business, Equipment, Private
American Tire Seeks Bankruptcy After Deal With Lenders
American Tire Distributors, which sought bankruptcy protection in 2018 after the defection of two major manufacturers, has filed for Chapter 11 again as it considers a sale process to cut debt.
October 23, 2024Business, Logistics, Global Freight
DSV to Kick Off Bond Sale Early to Finance DB Schenker Deal
Danish transport company DSV will start a large bond sale as soon as this year to help pay for its $15.4 billion takeover of DB Schenker ahead of an expected completion in 2025.
October 23, 2024Government, Business, Technology
FAA Issues Rule That Moves Air Taxis Closer to Takeoff
Federal regulators gave a strong push to electric-powered air taxis Oct. 22 by issuing a final rule for operating the aircraft and how pilots will be trained to fly them.
October 23, 2024