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Axle Logistics Invests $37.9 Million to Expand in Tennessee

Tennessee officials held a groundbreaking ceremony at the Knoxville headquarters of Axle Logistics to celebrate a $37.9 million investment to expand the company’s logistics operations.

December 6, 2023

Unprecedented US Exports Are Weighing on Global Crude Market

Exports of U.S. crude are nearing a record of 6 million barrels a day — flooding the market with oil and weighing on prices from Europe to Asia.

December 6, 2023

California-based Logistics Company Expands in South Carolina

South Carolina Gov. Henry McMaster announced that California-based IronLink Logistics will invest $16.45 million to establish operations there in a move to gain a Southeast presence.

December 6, 2023

Global Fossil Fuels Emissions to Hit Record Peak in 2023

The Global Carbon Project estimates that worldwide carbon dioxide emissions from burning fossil fuels will rise 1.1% this year over 2022, to 36.8 billion metric tons, a new peak.

December 5, 2023

USDOT Announces $1.5 Billion in Infrastructure Grants

The U.S. Department of Transportation recently announced the availability of grants designed to advance big-ticket infrastructure projects along commercial and commuter corridors.

December 5, 2023

Hydrogen Industry Raises Alarm Over Leaked Tax Credit Rules

A leaked draft of Treasury Department rules for hydrogen tax credits in President Joe Biden’s climate law is drawing warnings from advocates that they may stifle the burgeoning industry.

December 5, 2023

Diesel Price Falls to $4.092 in Sixth Consecutive Drop

The national average diesel price fell another 5.4 cents this week to creep ever closer to the $4 mark, according to the Energy Information Administration.

December 4, 2023

Cruise Could Face Fines for Allegedly Misleading Regulators

Cruise, the self-driving vehicle unit of General Motors, could face a fine for allegedly misleading regulators about an incident in which one of its cars dragged a pedestrian.

December 4, 2023

Georgia Officials Laud Plastic Express Expansion Near Port

Georgia Gov. Brian Kemp said Plastic Express will build a facility near the Port of Savannah in an $80 million project that will create 200 jobs while expanding its operations in the state.

December 4, 2023