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Update: Biden Pledges Federal Funds for Baltimore Bridge Rehabilitation

Congressional transportation leaders are expressing support for approving emergency assistance to rebuild a bridge and adjoining infrastructure after the recent collapse at the Port of Baltimore.

April 15, 2024

Shale Oil ‘Fracklog’ Resumes Expansion After Yearlong Hiatus

Shale explorers are drilling wells faster than they’re fracking them, a strong signal that U.S. oil production growth is slowing.

April 15, 2024

New Intangles Service Helps Truckers Find Mechanic Shops

Intangles launched a new product designed to help truck drivers find a mechanic while on the road before vehicle issues occur, the predictive maintenance company announced April 11.

April 15, 2024

Amazon Becomes the Largest US Private EV Charging Operator

Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.

April 15, 2024

Tesla to Cut Over 10% of Workforce in Global Retrenchment

Tesla Inc. will slash global head count by more than 10%, Elon Musk wrote in an email to staff, as the carmaker grapples with a slowdown in electric vehicle demand.

April 15, 2024

US to Provide $6.4 Billion to Samsung to Make Computer Chips

WASHINGTON — The Biden administration will provide up to $6.4 billion in direct funding for Samsung Electronics to develop a computer chip manufacturing and research cluster in Texas.

April 15, 2024

Source: Ship That Hit Bridge Had Power Issues While Docked

BALTIMORE — The containership that caused the collapse of a Baltimore bridge experienced apparent electrical issues before it left port but set out anyway, a source told the AP on April 15.

April 15, 2024

Reopening of Ex-Yellow LTL Terminals Gathers Pace

Reopening of former Yellow Corp. terminals quickened in recent days, with multiple less-than-truckload players introducing additional doors they bought at auction.

April 14, 2024

Kenan Advantage Group Owner Omers Exploring IPO

Omers Private Equity is exploring an initial public offering of Kenan Advantage Group, one of North America’s biggest tank truck transporter and logistics providers, according to sources.

April 12, 2024