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GovernmentBusinessFuel

Soybean Demand Drops as US Biofuel Tax Credit Stalls

Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans because of uncertainty over U.S. biofuels policy.

October 29, 2024
GovernmentBusinessTechnologyEquipmentTCA

Trucking Firms Call on Hochul to Delay New York’s EV Rule

COHOES, N.Y. — Trucking industry executives and others asked Gov. Kathy Hochul to pump the brakes on state regulations that mandate sales of electric trucks in New York starting in January.

October 29, 2024
GovernmentTechnologyEquipmentSafety

White House Adviser Addresses Fleets’ Need for Cybersecurity

CLEVELAND — White House official Stephen Viña stressed the importance of trucking cybersecurity Oct. 28 even as carriers adapt to an unknown technological future.

October 29, 2024
GovernmentBusinessTechnologyAutonomousTCA

PennDOT Approves Rules for Self-Driving Vehicles in State

There are now rules of the road for self-driving vehicles in Pennsylvania.

October 29, 2024
BusinessLogisticsFor-HireTop 100

Covenant's Q3 Net Income and Revenue Take Slight Dips

The company reported third-quarter net income of $13 million, or 94 cents per share, compared with $13.5 million, 99 cents, in the year-ago period.

October 29, 2024
BusinessTechnologyEquipment

BYD Reportedly Hires Another Stellantis Executive

China’s BYD Co. reportedly is hiring the former U.K. chief of Stellantis NV as the EV maker builds a team of European executives to lead its expansion in the region.

October 29, 2024
GovernmentBusinessFuel

Oil Prices Fall on Weak Global Demand

Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared.

October 29, 2024
GovernmentBusinessTechnology

Biden to Announce $3B to Reduce Carbon Emissions at Ports

WASHINGTON — The Biden administration is awarding nearly $3 billion to boost climate-friendly equipment and infrastructure at ports across the country.

October 29, 2024
GovernmentBusinessTechnologyLogistics

US Finalizes China Investment Restrictions on Key Tech

The rules, which come after more than a year of deliberation, ban some investments into those industries and require the U.S. government to be notified about others.

October 28, 2024
GovernmentFuel

Diesel Price Nudges Up 2¢ to $3.573 a Gallon

The U.S. average diesel price edged up 2 cents, reaching $3.573 per gallon, according to U.S. Energy Information Administration data released Oct. 28.

October 28, 2024