Yellow Corp. on Aug. 7 announced it was seeking Chapter 11 bankruptcy protection and entering into an agreement that would secure sufficient financing to wind down operations.
August 7, 2023Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
One in Four New Cars Sold in California in Q2 Were EVs
For the first time in California, one out of every four new cars sold in the last quarter were zero-emission vehicles, Gov. Gavin Newsom announced this week.
August 4, 2023Employers Add a Solid 187,000 Jobs in July
WASHINGTON — U.S. employers added 187,000 jobs in July, fewer than expected, as the higher interest rates continued to weigh on the economy. But the unemployment rate dipped to 3.5%.
August 4, 2023Yellow Closure Reshuffles LTL Sector
Less-than-truckload carrier Yellow Corp.'s ceasing of operations on July 30 after nearly 100 years in business is causing an upheaval for both its customers and the broader LTL market.
August 3, 2023Ohio Turnpike to Launch More Complex Toll Structure
The Ohio Turnpike is preparing to overhaul the way it calculates tolls starting this fall, which will help the turnpike’s finances but have varying effects on motorists’ wallets.
August 3, 2023House Committee Approves Internal Combustion Engines Bill
A panel in the House recently approved a bill that would block efforts meant to prevent the sale of internal combustion engines.
August 3, 2023Saudi Arabia Extends Oil Production Cut Through September
DUBAI, United Arab Emirates — Saudi Arabia said Aug. 3 it will extend its production cut of 1 million barrels of oil a day through the end of September in its effort to boost energy prices.
August 3, 2023Plan to Restock Emergency Oil Reserve Put on Hold
WASHINGTON — The Biden administration is delaying plans to restock the nation’s emergency oil reserve amid a price hike that has pushed oil above $80 a barrel.
August 2, 2023Senate EPW Approves Diesel Emissions Bill
A bill that updates the Diesel Emissions Reduction Act through fiscal 2029 was recently approved by a committee in the U.S. Senate.
August 2, 2023BNSF Train Engineers Offered Paid Sick Time
OMAHA, Neb. — Roughly 7,500 BNSF train engineers may soon get up to eight days of paid sick time and more certainty about their days off if they approve a new deal with the railroad.
August 2, 2023