The global diesel market looks set to get even tighter as power generators and industrial users seek relief from surging natural gas prices.
August 26, 2022Trucking 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.
U.S. Xpress Cuts Nondriving Staff, Slows Spending
CHATTANOOGA, Tenn. — U.S. Xpress Enterprises is hitting the brakes on its spending, cutting its nondriving staff by another 5% this month and looking for ways to dispose of extra real estate and trim other expenses to offset rising costs amid signs of a shipping slowdown in some industries.
August 26, 2022McLeod Updates MPact Market Analysis Tool
McLeod Software has released an updated version of its MPact PRO market analysis tool, designed to give motor carriers and freight brokers deeper insights into rate trends and opportunities to improve profitability.
August 26, 2022Inflation Eases as Consumer Prices Rise 6.3% in July
WASHINGTON — Inflation eased last month as energy prices tumbled, raising hopes that a surge in prices increases may have peaked.
August 26, 2022Hyliion Acquires Generator Technology From GE Additive for $37 Million
Hyliion Holdings Corp., a provider of electrified powertrain solutions for Class 8 semi-trucks, announced it entered into a definitive agreement to acquire a new fuel-agnostic generator, the Karno, from GE Additive, a unit of GE.
August 26, 2022California Moves Toward Phasing Out New Gas-Fueled Vehicles
SACRAMENTO, Calif. — California plans to require all new cars, trucks and SUVs to run on electricity or hydrogen by 2035 under a policy approved Aug. 25 by regulators that seeks a dramatic cut in carbon emissions and an eventual end to gasoline-powered vehicles.
August 25, 2022Tesla Split Will Struggle to Feed $280 Billion Rally
After a $280 billion rally since late May, Tesla Inc. is using a trusted method for fueling further gains — a stock split. It may not pan out like that.
August 25, 2022Louisiana Nabs $86.6 Million Loan for Highway Interchange
Louisiana has qualified for an $86.6 million loan from the U.S. Department of Transportation to fund an interchange at U.S. Highway 90 and Louisiana Highway 3073 as part of a future Interstate 49 South corridor project.
August 25, 2022Lawmakers Tout Legislative Wins Ahead of Fall Agenda
Heading out of summer recess, congressional Democrats and senior White House officials are spotlighting a batch of legislative achievements in the run-up toward midterm elections this fall.
August 25, 2022Average Used Class 8 Price Weakens Again in July
The average U.S. retail price of a used Class 8 vehicle in July inched past $90,000 to tower over the year-ago price, but it also dipped slightly from the month before to extend the market’s ongoing softening, ACT Research reported.
August 25, 2022Trending
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