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Shipping Costs Are Soaring as LNG Vessels Drop Out of Service

The day rate for a standard tanker east of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China’s COSCO Shipping Corp. start to hit just as the heating season begins to boost demand.

October 11, 2019

UPS Invests $450 Million in CNG Trucks, Stations

UPS Inc. announced it will spend $450 million to add 6,000 vehicles powered by compressed natural gas as well as supporting infrastructure beginning next year.

October 9, 2019

Penske Truck Leasing Adds Terminal Tractor to Its EV Fleet

Penske Truck Leasing is growing its electric vehicle fleet with the addition of the Kalmar Ottawa Electric Terminal Tractor (T2E).

October 8, 2019

ATA Launches Affinity Program With Energy Services Firm UrbanVolt

SAN DIEGO — American Trucking Associations announced the launch of a new affinity program through which member organizations can partner with the federation and UrbanVolt — a Dublin- and Chicago-­based energy service company — to curtail energy costs.

October 8, 2019

Reliable Federal Funding Will Enhance Freight Transportation System, TRIP Report Says

In “America’s Rolling Warehouses: Opportunities and Challenges with the Nation’s Freight Delivery System,” the Washington, D.C.-based group TRIP concluded that significant sustainable funding at the federal level will be key to enhancing connectivity along freight corridors in the coming years.

October 8, 2019

Mack Introduces Extended Chassis Fairing, Integrated ELD Option

SAN DIEGO — Mack Trucks has introduced an extended chassis fairing option for its Mack Anthem models to enhance fuel economy through improved aerodynamics.

October 7, 2019

Diesel Price Slips 1.9¢ to $3.047 a Gallon

The U.S. average retail price of diesel slipped 1.9 cents to $3.047 a gallon, the Department of Energy reported Oct. 7, marking the third consecutive decline whereby the price has fallen 3.4 cents a gallon in the period.

October 7, 2019

Volvo, Geely to Merge Engine Units in Electric Car Push

Volvo Cars and China’s Geely plan to merge their engine operations into a stand-alone company, a step the Swedish automaker says will cut costs as it shifts to a fully electrified lineup.

October 7, 2019

Trump EPA Pledges Biofuel Boost to Calm Corn-State Criticism

The Trump administration is taking action to boost U.S. demand for corn-based ethanol and soybean-based biodiesel, as the president seeks to temper criticism from farmers and Midwest politicians before next year’s election.

October 4, 2019