OPEC cut oil demand growth forecasts for this year and next for a fifth straight month, making its deepest reduction to the 2024 outlook so far after agreeing to extend its supply curbs.
December 11, 2024Transportation Compliance News
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
OPEC Makes Deepest Cut Yet to 2024 World Oil Demand Forecast
Albertsons Sues Kroger for Failing to Secure Merger
Albertsons is giving up on its merger with Kroger and it is suing the grocery chain, saying it didn’t do enough to secure regulatory approval for the $24.6 billion agreement.
December 11, 2024Appeals Court OKs Contentious R.I. Truck Tolling Plan
The program, called RhodeWorks, has been mired in court battles since American Trucking Associations and two motor carriers in 2018 challenged the law’s constitutionality.
December 11, 2024Consumer Prices Rise 0.3% in November
WASHINGTON — Fueled by pricier used cars, hotel rooms and auto insurance, inflation in the United States moved slightly higher last month while remaining far below its peak of two years ago.
December 11, 2024Biden Signals Plan to Block US Steel-Nippon Deal
The president plans to formally block the $14.1 billion sale on national security grounds once the deal is referred back to him later this month, people familiar with the matter said.
December 10, 2024Kroger’s $24.6 Billion Albertsons Deal Blocked by Judge
A judge blocked Kroger's $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for grocery shoppers in a ruling that marks a likely death knell for the deal.
December 10, 2024Luxembourg-Based Faymonville Picks Arkansas for US Factory
The company specializes in oversized-load and special transport equipment, including semi-lowloaders, flatbed trailers, lowbed trailers and drawbar trailers.
December 10, 2024US Sees Small Global Oil Deficit in 2025
The U.S. reversed its forecast for a crude glut next year and is now calling for a small oil-market deficit.
December 10, 2024Arizona City Gifts Land for New Cross-Border Trucking Port
The existing port — which is 5 miles away and expanded 27 years ago from the original one built in 1933 — can no longer handle today’s traffic and commercial vehicle inspection demands.
December 10, 2024China Benefits as Europe’s Big Battery Ambitions Are Failing
Europe’s bid to build a homegrown battery industry to break China’s dominance in electric vehicles is failing.
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