The U.S. will proceed with its plan to release 50 million barrels of oil from its strategic reserves despite a new coronavirus variant triggering a sharp drop in crude prices.
November 29, 2021Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Inflation Surges Globally With Rising Food, Fuel Prices
BUDAPEST, Hungary — From appliance stores in the United States to food markets in Hungary and gas stations in Poland, rising consumer prices fueled by high energy costs and supply chain disruptions are putting a pinch on households and businesses worldwide.
November 29, 2021US Senate to Debate Social Infrastructure Build Back Better Budget
Senators returning to Capitol Hill after the Thanksgiving recess are scheduled to kick off debate on a nearly $2 trillion budget package that aims to promote severe-weather resilience and reduce congestion across mobility networks.
November 23, 2021ATA Leadership, Global Trucking Officials Meet to Discuss Key Issues
Transportation leaders from around the globe discussed shared challenges during the first in-person meeting in two years of the International Road Transport Union, with supply chain snarls, a shortage of drivers and environmental issues at the top of the agenda.
November 23, 2021US to Release 50 Million Barrels of Oil to Ease Energy Costs
President Joe Biden on Nov. 23 ordered 50 million barrels of oil released from the nation’s strategic reserve to help bring down energy costs, in coordination with other major energy consuming nations, including China, India and the United Kingdom.
November 23, 2021US Poised to Release Oil From Reserve With Other Nations
President Joe Biden is preparing to announce a release of oil from the nation’s Strategic Petroleum Reserve in concert with several other countries as soon as Nov. 23, according to people familiar with the plan.
November 22, 2021Diesel Dips for First Time Since September
The national average price for a gallon of diesel reversed course as it dropped for the first time in more than two months, falling 1 cent to $3.724 a gallon, according to Energy Information Administration data released Nov. 22.
November 22, 2021Florida Gov. DeSantis Wants Six-Month State Gas Tax Halt Next Year
Gov. Ron DeSantis said Nov. 22 he wants to zero out the state’s gas tax for six months and deliver $1 billion of tax relief at the pump so Florida residents can deal with rising costs that are eating into their household budgets.
November 22, 2021Lordstown Motors Poised for Tax Exemptions Under Ohio Bill
COLUMBUS, Ohio – The Ohio House passed a bipartisan bill that would give Lordstown Motors a four-year sales tax exemption on engines, transmissions, batteries, brakes and other components that are unique to the production of electric vehicles.
November 19, 2021Biden Pushes Electric Vehicle Chargers, Infrastructure
DETROIT — President Joe Biden punched the accelerator on a battery-powered Hummer on Nov. 17, causing the wheels to squeal and the truck to jet forward as he tried to drive the country toward an electric vehicle future.
November 17, 2021