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Diesel Drops 2.1¢ to $3.049 a Gallon

The U.S. average retail price of diesel dropped 2.1 cents to $3.049 a gallon, the Department of Energy reported Dec. 9.

December 9, 2019

Germany Edges Out Norway as Europe’s Biggest Electric Car Market

Germany has pulled ahead of Norway for sales of all-electric cars since the start of the year, putting Europe’s biggest auto market in position to become the regional leader on an annual basis for the first time.

December 9, 2019

US Manufacturers Plan First Pullback in Investment Since 2009

U.S. manufacturers expect to reduce capital spending in 2020, a trend that could limit a rebound in the sector even as companies see profits improving.

December 9, 2019

Pelosi, White House Have Tentative Deal on USMCA

The Trump administration and House Democrats are on the verge of announcing a handshake deal on the U.S.-Mexico-Canada free trade agreement, according to people familiar with the negotiations, paving the way for approval of the deal as early as this month while Democrats gear up for an impeachment vote.

December 9, 2019

Port Manatee Earns New Security Training Certification

Florida’s Port Manatee announced its facility security officer training program — the only such approved course offered by a U.S. seaport — has earned new certification from the U.S. Coast Guard.

December 9, 2019

Allison Wins Army Contract

Allison Transmission announced it will provide more than 300 of its X200-4A propulsion solutions for the U.S. Army’s M113 armored personnel carrier family of vehicles through 2021 to support the Army’s mission of improving combat readiness.

December 9, 2019

Celadon Files for Bankruptcy, Shuts Down

Celadon Group Inc. is filing for bankruptcy and shutting down immediately amid falling freight rates and the effects of penalties levied by the U.S. Department of Justice for settlement of securities fraud charges brought against prior management.

December 9, 2019

Steel Rules for Cars Stall Progress on USMCA Agreement

The rules governing the use of steel and aluminum in cars have emerged as the latest obstacle to completing a revised NAFTA deal between the U.S., Mexico and Canada in time for congressional approval by year’s end.

December 6, 2019

Trucking Scores a Win in Rhode Island Tolls Case

An appeals court has determined that the trucking industry’s lawsuit against Rhode Island’s trucks-only tolling system is valid and can proceed in federal court.

December 6, 2019

OPEC Nations, Russia Agree to Cut Oil Output to Lift Prices

The OPEC oil-producing countries and ally Russia said Dec. 6 they have agreed to cut their crude production by an extra 500,000 barrels a day as they try to support global energy prices.

December 6, 2019