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Shipping Shows Signs of Panic as Houthis Menace Trade Lane

Container shipping is set to face a crunch ahead of the Lunar New Year holiday as Houthi attacks in the Red Sea restrict capacity, a major industry consultant said. 

January 8, 2024

Driverless Truck Companies Hoping to Ditch Human Copilots

Driverless trucks with no humans on board will soon cruise Texas highways if three firms have their way despite objections from critics who say finances, not safety, is behind the timetable.

January 5, 2024

Economic Strength Persists With 216,000 New Jobs in December

The nation’s employers added a robust 216,000 jobs in December 2023, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates.

January 5, 2024

Maersk Extends Red Sea Diversion and Warns Risk Will Persist

A.P. Moller-Maersk A/S plans to continue diverting ships away from the Red Sea “for the foreseeable future” after pausing transits earlier this week to assess the situation.

January 5, 2024

Senate to Consider NTSB Nominations

Confirmation votes for National Transportation Safety Board nominees J. Todd Inman and Alvin Brown are on the Senate’s radar.

January 5, 2024

Secretary Buttigieg to Headline Annual TRB Conference

Transportation Secretary Pete Buttigieg is among the senior officials headlining the Transportation Research Board meeting this year.

January 4, 2024

Oil’s Ample Supply Has Analysts Seeing Tough Year for Crude

Supply is back in the driver’s seat for global crude markets, as rising production from non-OPEC+ nations including the U.S. may outstrip global demand that’s growing at a slower pace.

January 4, 2024

Spot Container Shipping Rates Soar 173% on Red Sea Threats

Short-term rates for container shipping between Asia, Europe and the U.S. are climbing on reduced capacity caused by the threats to cargo vessels in the Red Sea.

January 4, 2024

State Group Sues Biden Administration Over Emissions Rules

A consortium of 21 states has filed a federal lawsuit claiming that President Joe Biden and his administration have overstepped their authority in taking steps to regulate greenhouse gas emissions.

January 3, 2024

Diesel Prices Eased in 2023 in Lone Bright Spot for Costs

Nationwide on-highway retail diesel prices ended 2023 some 14.5% below where they began the year.

January 3, 2024