The biggest refinery on the East Coast will shut down, after a massive explosion and fire crippled operations at a site that has helped fuel the region for 153 years.
June 26, 2019Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Business, Freight Stakeholders Urge Trump, Congress to Advance Infrastructure Policy
Speaker of the House Nancy Pelosi recently said that she remains committed to advancing an infrastructure policy measure that would boost jobs. She explained that such a deal could be accomplished if President Donald Trump would only negotiate with her party. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill.
June 25, 2019Oregon Gov. Kate Brown Expands Road-Usage Charge Program
Oregon Gov. Kate Brown has signed legislation that will expand the state’s voluntary road usage charge program, known as OReGO.
June 25, 2019Diesel Declines 2.7¢ to $3.043 a Gallon
The U.S. average retail price of diesel dropped 2.7 cents to $3.043 a gallon, the Department of Energy reported June 24. Crude oil prices jumped about 10% to more than $57 a barrel amid increased tensions in the Persian Gulf, then climbed higher later in the week.
June 24, 2019Summer Driving Gets More Costly as East Coast Refinery Burns
Gasoline futures jumped the most in more than three months after an explosion and fire at the Philadelphia Energy Solutions oil refinery, the largest on the U.S. East Coast and a key supplier to the New York gasoline market.
June 21, 2019Refiners’ Group Asks Appeals Court to Block Expansion of E15 Gasoline
A trade organization representing U.S. refiners is asking an appeals court to reject a Trump administration plan to expand nationwide the blending, distribution and year-round sale of E15 fuel.
June 19, 2019Diesel 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, 2019Amazon, 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, 2019Exxon, 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, 2019Tanker 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