Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66, the latest effort in a campaign pushing the company to sell assets and improve performance.
February 19, 2025Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Jaxport Finishes Roll-On/Roll-Off Cargo Berth to Add Capacity
The Jacksonville Port Authority has completed half of a $60 million project to increase capacity for vehicle shipments after finishing a project at Blount Island Marine Terminal.
February 19, 2025Senate Confirms Howard Lutnick as Commerce Secretary
The Senate confirmed wealthy financier Howard Lutnick as commerce secretary Feb. 18, putting in place a staunch supporter of President Donald Trump’s hardline trade polices.
February 19, 2025Japan Broaches Car Tariffs With US as Trump Threatens Hikes
Japan has raised the issue of auto tariffs with the U.S. after President Donald Trump threatened to impose a 25% levy on car imports, a move that would deliver a big blow to Japan’s economy.
February 19, 2025Nikola Declares Bankruptcy, Will Sell Off Assets
The company said it plans to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. A stalking horse bidder will be sought.
February 19, 2025Watch: I-95 in Fort Lee, N.J., Still Worst Truck Bottleneck
American Transportation Research Institute's latest analysis highlights significant congestion at key intersections nationwide, with Fort Lee, N.J., topping the list again.Ìý
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February 18, 2025Trump Signals 25% Tariffs on Auto, Tech, Drug Imports
President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2.
February 18, 2025Diesel Price Bumps Up 1.2¢ to $3.677 a Gallon
The national average diesel price crept up 1.2 cents to $3.677 a gallon, according to U.S. Energy Information Administration data Feb. 18.
February 18, 2025BP Weighs $10 Billion Sale of Castrol Lubricants Unit
A sale of the business is one of the many options BP is considering to win back investor confidence after years of underperformance, sources said.
February 18, 2025EPA Takes First Step to Block CARB Clean Trucks Rule
The EPA has taken a first step aimed at rescinding the Biden administration’s waivers granted for California’s Advanced Clean Trucks and Omnibus low nitrogen oxides rules.
February 18, 2025