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DOE Withdraws Biden-Era Rule, Approves LNG for Vessel Fuel

The Department of Energy has given the OK for vessels to use liquefied natural gas as a fuel by withdrawing its past Biden-era order that created a roadblock for a small Florida company.

March 5, 2025

Trump Approves Permit Extension for Exxon’s Golden Pass LNG

The Trump administration extended a permit for the Golden Pass liquefied natural gas export project co-owned by QatarEnergy LNG and Exxon Mobil Corp.

March 5, 2025

Geely Signs $2.5 Billion Loan to Refinance Volvo Truck Deal

Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group  has obtained a syndicated loan to refinance borrowings related to its 2018 acquisition of a stake in Volvo AB.

March 5, 2025

Saudi Aramco Might Bid for BP’s Castrol Lubricant Assets

Saudi Aramco is considering a potential offer for BP's Castrol lubricant assets, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries.

March 5, 2025

Trump to Decide on Canada, Mexico Relief Today, Lutnick Says

President Donald Trump is set to announce changes to the tariffs on Canada and Mexico, with potential relief for autos and other sectors, Commerce Secretary Howard Lutnick said March 5.

March 5, 2025

Shipping Executives in Crisis Mode Over Tariff ‘Earthquake’

Global shipping executives gathered this week in Long Beach, Calif., for a major annual conference, then found themselves in crisis mode. 

March 5, 2025

N.C. Reopens I-40 Section Closed Since September Hurricane

A stretch of I-40 that serves as a freight route between North Carolina and Tennessee has partially reopened after a monthslong shutdown caused by storm-related damage from Hurricane Helene.

March 4, 2025

Trump’s Trade Policy Sparks Worries Over Food Prices

Plans to impose duties on American agriculture imports will boost the price of fruit and vegetables as well as sugar, coffee and meat. Executives have said consumers are pinching pennies.

March 4, 2025

Trump’s Oil Tariffs Set to Reshape Global Trade Flows

The world’s supply lines for cargoes of oil and fuel, which typically crisscross the globe, are about to get redrawn thanks to U.S. President Donald Trump’s sweeping tariffs.

March 4, 2025

Truckworx Leader Will Bruser Named ATD Dealer of the Year

American Truck Dealers honored Truckworx Kenworth CEO Will Bruser with its 2025 Truck Dealer of the Year award at its ATD Show 2025 in New Orleans. 

March 4, 2025