The U.S. Postal Service used “faulty” assumptions in limiting its purchase of electric mail-delivery trucks in its $6 billion fleet replacement plan, a top House Democrat said April 5.
April 5, 2022Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
NHTSA Opens Probe Into LG Electric Vehicle Batteries
DETROIT — U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls due to possible defects that could cause fires or stalling.
April 5, 2022Diesel Ticks Down 4.1¢ to $5.144 a Gallon
Diesel posted a rare downturn as the national average price dropped 4.1 cents to $5.144 a gallon, according to Energy Information Administration data released April 4.
April 7, 202249 MPG Fuel-Economy Standard Ordered for Cars by 2026
The Biden administration ordered carmakers to increase their average fuel economy to about 49 mpg by 2026, in an ambitious effort to make up for progress stalled when President Donald Trump rolled back the efficiency program.
April 1, 2022Rising Fuel Costs Slow Spot Rate Descent
The rise in fuel prices is slowing a decline in spot rates while also potentially suppressing base revenue for some carriers, experts said.
March 31, 2022OPEC Sticks to Modest Boost in Oil Despite War Jitters
LONDON — OPEC and allied oil producers including Russia decided March 31 to stick to a modest increase in the amount of crude they pump to the world, a step that supports higher prices even as the Biden administration plans to try to lower them by releasing oil from strategic reserves.
March 31, 2022Key Inflation Gauge Sets 40-Year High as Fuel, Food Soar
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.4% in February compared with a year ago, with sharply higher prices for food, gasoline and other necessities squeezing Americans’ finances.
March 31, 2022Biden Plans to Tap Oil Reserve to Control Gas Prices
WASHINGTON — President Joe Biden is preparing to order the release of up to 1 million barrels of oil per day from the nation’s strategic petroleum reserve, according to two people familiar with the decision, in a bid to control energy prices that have spiked as the U.S. and allies have imposed steep sanctions on Russia over its invasion of Ukraine.
March 31, 2022Biden Invokes Defense Production Act to Boost EV Battery Production
The Biden administration announced it will invoke Cold War powers to boost domestic production of materials for batteries needed to power electric vehicles and the transition to renewable energy, a move intended to improve U.S. competitiveness in a market dominated by China.
March 31, 2022House Panels Have Mixed Success Getting Oil Execs to Appear
Executives from major oil companies will participate in a House Energy and Commerce Committee hearing next week on skyrocketing gasoline prices, but another House panel didn't have as much success getting witnesses to agree to appear.
March 29, 2022