The Biden administration is poised to lend $1.2 billion to Entek Lithium Separators to help expand the U.S. supply chain for lithium-ion batteries used in electric vehicles.
July 9, 2024Trucking Business News
Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.
Entek Poised to Get $1.2 Billion US Loan
Diesel Price Rises 5.2¢ to $3.865
The national average diesel price rose 5.2 cents to $3.865 in its fourth consecutive increase, according to Energy Information Administration data released July 8.
July 8, 2024Canadian Border Agency Staff Ratifies Labor Agreement
Unionized Canadian border agency staff members have ratified a tentative collective bargaining agreement.
July 8, 2024TSMC Hits $1 Trillion in Market Value on Relentless AI Rally
Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker.
July 8, 2024May Used Truck Sales Rise 18% From 2023
Used Class 8 truck sales in May increased 18.1% compared with the same period the prior year, ACT Research reported, rising to 22,800 units from 19,300.Â
July 8, 2024Devon to Buy Williston Basin Oil Assets in $5 Billion Deal
Devon Energy Corp. agreed to acquire the Williston Basin business of Grayson Mill Energy for $5 billion as consolidation continues in the U.S. oil patch.
July 8, 2024Maersk Warns of Shipping Delays Due to Extreme Weather
A.P. Moller-Maersk A/S warned extreme weather conditions and a storm surge lashing the South African coast are expected to cause shipping delays.
July 8, 2024Sweet 15: XPO’s Sweeney Bound for NTDC Again
WINDSOR LOCKS, Conn. — XPO tank truck driver Richard Sweeney reigned over a deep field to win the Massachusetts trucking championships in early June and advance to his 15th NTDC.
July 3, 2024Idaho Offers Alerts to Carriers of Driver Record Changes
The Idaho Transportation Department is offering motor carriers an online service that issues alerts about driving license changes, such as expiration dates for CDLs.
July 3, 2024Maintenance Costs Fell in Q1, Report From Decisiv, TMC Finds
The trucking industry saw combined parts and labor costs continue to trend downward during the first quarter, ATA's Technology & Maintenance Council and Decisiv revealed July 3 in a report.
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