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Port NOLA Project Gets $226 Million in Federal Grant

WASHINGTON — The planned $1.8 billion Louisiana International Terminal project in St. Bernard Parish was awarded a $226 million grant Jan. 22 from the U.S. Department of Transportation.

January 23, 2024

Red Sea Chaos Starting to Impair Profits Across Industries

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.

January 23, 2024

DOT Panel Examines Maintenance Language in Lease Agreements

A U.S. Department of Transportation leasing task force has begun examining maintenance provisions in lease-purchase agreements.

January 23, 2024

USDA Awards $8.8 Million in Grants to Expand Biodiesel Sales

Nearly half of $18.89 million in U.S. Department of Agriculture biofuel grants recently awarded to 22 states will be funneled to projects that increase biodiesel storage, distribution and dispensing.

January 22, 2024

Idaho Offers New Online Renewals for Commercial Bulk Permits

Idaho is now offering commercial vehicle operators the option of bulk online renewal of annual special permits in an effort to help save time and money.

January 22, 2024

Pennsylvania Diesel Tax Drops 4.4¢, Still Among Highest in US

Pennsylvania truckers are paying slightly less for diesel this year, thanks to lower average wholesale fuel prices last year that led the state to drop the motor fuel tax rate.

January 22, 2024

STB Calls for Status Hearing on Gulf Coast Amtrak Project

The U.S. Surface Transportation Board, which oversaw hearings into the possible restart of Gulf Coast rail during 2022, is calling the parties involved in the case for a status hearing.

January 22, 2024

ADM Shares Plunge After Accounting Probe Places CFO on Leave

Archer-Daniels-Midland Co. plunged after the U.S. agricultural trading giant suspended its CFO and cut its earnings outlook pending an investigation into its accounting practices.

January 22, 2024

Stellantis CEO Says Pace of EV Push Hinges on Elections

Stellantis NV CEO Carlos Tavares said elections in the U.S. and Europe this year will dictate how quickly he can execute his 30 billion euro investment plan in electric vehicles.

January 19, 2024