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Diesel Slides Again, Down 3.5¢ to $3.07 a Gallon

The U.S. average retail price of diesel dropped 3.5 cents to $3.07 a gallon, the Department of Energy reported June 17.

June 17, 2019

Maryland, CSX and Port of Baltimore Cooperate to Rebuild Critical Tunnel

The Port of Baltimore and officials for the state of Maryland as well as railroad CSX Corp. are seeking federal help to rebuild the nearly 125-year-old Howard Street Tunnel, which, they say, is symptomatic of the nation’s crumbling infrastructure and is significantly slowing freight traffic.

June 17, 2019

FHWA Announces Funding Opportunity for Transportation Technology Grants

The Federal Highway Administration recently announced the availability of $60 million in grant funding for states and cities pursuing projects that involve transportation technologies.

June 17, 2019

Amazon, ExxonMobil Among Corporations Called Out Over Climate Transparency

Amazon.com, Exxon Mobil Corp. and Volvo are among more than 700 companies being targeted in a campaign backed by a large group of investors advocating for greater transparency when it comes to environmental impact.

June 17, 2019

Exxon, Saudis Bet on Plastic, Chemicals With Coastal Texas Plant

Exxon Mobil Corp. and Saudi Arabia’s state-controlled petrochemicals company formally approved construction of a chemical complex in Texas that will process production from the Permian Basin’s booming oil and natural gas wells.

June 14, 2019

China Asks for US Soy Shipment Delay, Citing Lack of Storage

Chinese state soybean buyers asked U.S. exporters to delay cargoes scheduled for July loading into August, citing limited availability of storage capacity, according to people with knowledge of the situation.

June 14, 2019

FMCSA Chief Ray Martinez to Address Senators June 19

Ray Martinez, the country’s top trucking regulator, is scheduled to appear before the Senate Commerce Committee on June 19.

June 13, 2019

China Sets Sights on Hydrogen Fuel Cell Market

His vision to make China an electric-vehicle powerhouse revolutionized the global auto industry, cementing a move from the combustion engine. Now, Wan Gang says get ready for the next game-changing moment.

June 13, 2019

Tanker Attacks Raise Prospects for Higher Rates, Lifting Shipping Stocks

Suspected attacks on two commercial vessels near the Strait of Hormuz fueled expectations for higher shipping rates, driving up shares of companies that operate tankers.

June 13, 2019

Jobless Claims Rise to Five-Week High, Exceed Forecast

Filings for U.S. unemployment benefits unexpectedly increased, rising to a five-week high and adding to signs of potential cooling in the labor market.

June 13, 2019