FRANKFURT, Germany — The International Energy Agency’s 31 member countries agreed March 1 to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies won’t fall short after the Russian invasion of Ukraine.
March 1, 2022Search
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DOT Report Offers Ideas to Ease Supply Chain Disruptions
A Department of Transportation assessment of U.S. supply chain disruptions calls for new policies and utilizing funding resources contained in the bipartisan infrastructure law for such solutions as expanding truck parking and improving warehouse capabilities.
March 1, 2022Biden Takes on Ocean Shipping as FMC Sees Market Setting Rates
President Joe Biden is taking on the concentrated market power of ocean shipping companies, although officials at the agency overseeing the industry indicated they lack both the jurisdiction and, for now, any evidence of wrongdoing.
March 1, 2022Toyota to Resume Japan Production After Supplier Cyberattack
Toyota Motor Corp. will resume work at all its Japanese factories March 2 after a one-day shutdown, limiting the fallout from a cyberattack on one if its key suppliers.
March 1, 2022Shell to Pull Out of Energy Investments in Russia
LONDON — Global oil and gas giant Shell said Feb. 28 that it is pulling out of Russia as President Vladimir Putin’s invasion of Ukraine continues to cost the country’s all-important energy industry foreign investment and expertise.
February 28, 2022DOT Proposes Adding Oral Fluid Specimen for Driver Drug Testing
The Department of Transportation is proposing to add new drug testing guidelines that would permit motor carriers to test truck drivers using oral fluid samples as an alternative to urine testing.
February 28, 2022New York-New Jersey Tunnel Work May Start in 2023
The $12.3 billion Gateway rail tunnel linking New York City and New Jersey has reached a major preconstruction milestone with the completion of geotechnical studies necessary for the engineering phase.
February 28, 2022Shippers, Retailers Focus on Upcoming ILWU, PMA Contract Talks
The retail sector is urging West Coast port workers and leaders to begin negotiations early on a new labor contract, a move that could prevent potential future delays at facilities that already are dealing with backlogs.
February 28, 2022BP Exits Stake in Russian Oil, Gas Company Rosneft
BP is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine.
February 28, 2022ATA President Spear Gives Inside Look at Supreme Court Win
American Trucking Associations President Chris Spear in an exclusive interview for Transport Topics’ Newsmakers series shared behind-the scenes details on ATA’s decision to lead a challenge to the Biden administration’s proposed vaccine mandate for large companies.
February 25, 2022