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, 2019Search
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TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Small Ships Are Next Big Thing for LNG Market
Giant oceangoing tankers built the liquefied natural gas industry into a $150 billion-a-year business. The next expansion opportunity may come from ships a seventh of the normal size.
October 9, 2019UPS 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, 2019Penske 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, 2019ATA 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, 2019Reliable 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, 2019Mack 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, 2019Diesel 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, 2019Volvo, 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, 2019Trump 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