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BusinessFuel

Exxon Seeks to Sell Conventional Permian Assets for $1B

Exxon Mobil Corp. is looking to sell a package of conventional oil assets in the Permian Basin as the company focuses on growing shale production.

August 27, 2024
GovernmentBusinessLogistics

Panama Canal Eases Limits That Caused Shipping Bottleneck

The Panama Canal is lifting restrictions that caused a global shipping bottleneck as water levels normalize after a severe drought.

August 27, 2024
GovernmentBusinessSafetyTCA

Key Bridge Insurer Pays Maryland Agency $350 Million

The Maryland Transportation Authority received a $350 million insurance payout from Chubb, the Key Bridge’s insurer, to be applied to cleanup and rebuilding the span that collapsed in March.

August 27, 2024
BusinessTechnologyEquipmentLogisticsTCA

Peterbilt 579 EV to Transport Honda Vehicles in Alabama

A Peterbilt 579 EV developed to transport newly built Honda vehicles from the company’s Lincoln, Ala., plant was unveiled Aug. 26 after a yearslong development process.

August 27, 2024
GovernmentBusinessTechnology

Port of Seattle Investigates Cyberattack at Airport

SEATTLE — An apparent cyberattack disrupted internet, phones and other systems at Seattle-Tacoma International Airport for a third day as Port of Seattle officials worked to restore service.

August 27, 2024
GovernmentFuel

Diesel Price Drops 3.7¢ to $3.651 a Gallon

The national average diesel price decreased by 3.7 cents to settle at $3.651 per gallon, according to U.S. Energy Information Administration data released Aug. 26.

August 26, 2024
GovernmentBusinessPrivate

Kroger-Albertsons Deal Heads to Court With Food Price Focus

Kroger Co. and Albertsons Cos. are finally getting their day in court. Nearly two years after the acquisition was announced, the grocery giants on Aug. 26 started a federal court hearing in Portland, Ore., on the U.S. Federal Trade Commission’s bid to block the $24.6 billion deal.

August 26, 2024
BusinessFor-Hire

Estes Purchases Seven Former Yellow Terminals

Estes has closed on lease purchases for seven terminals across the country that used to belong to the defunct carrier Yellow Corp., the company announced Aug. 22.

August 26, 2024
GovernmentBusinessFuel

US Oil Dominance Hinges on Quiet Corner of New Mexico

Two New Mexico counties accounted for 17% of all onshore oil output in the contiguous U.S. last year.

August 26, 2024
BusinessFuel

Exxon Sees 2050 Oil Use at Current Level

Exxon Mobil forecasts global oil demand in 2050 will be the same — or slightly higher — than current levels, putting efforts to reach net-zero carbon emissions by midcentury well out of reach.

August 26, 2024