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Haslam Family Sells Last 20% of Pilot to Berkshire Hathaway

Warren Buffett’s Berkshire Hathaway has officially bought the last 20% of Pilot Travel Centers that it didn’t already own from the Haslam family.

January 17, 2024

Court Rejects VW’s Plan to Fix Engines With Software Update

Volkswagen AG lost another lawsuit in a German court over its software fix for engines in the wake of the diesel scandal that tarnished the reputation of Europe’s biggest carmaker.

January 17, 2024

FMCSA Weighs Carrier Fitness Determination Rewrite

The Federal Motor Carrier Safety Administration is reviewing six research papers as it weighs revision of its motor carrier safety fitness determination rules, the agency said.

January 17, 2024

Car Safety Systems Less Effective in Detecting Trucks

Better front crash prevention technology in passenger cars could prevent 5,500 rear-end accidents with medium and heavy trucks, according to the Insurance Institute for Highway Safety.

January 17, 2024

BP Names Murray Auchincloss Permanent CEO

LONDON — British oil giant BP said Jan. 17 its interim chief executive, Murray Auchincloss, will be given the job on a permanent basis to replace Bernard Looney.

January 17, 2024

Shipping CEOs See No Short-Term End to Red Sea Disruptions

The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer.

January 17, 2024

Global LNG Fleet Avoiding Red Sea With More Tankers Diverted

The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.

January 17, 2024

December Medium-Duty Sales Rise 9.1% Year-Over-Year

U.S. retail sales for medium-duty trucks rose 9.1% year-over-year in December while finishing 2023 some 8.4% higher than 2022’s full-year total, according to data from Wards Intelligence.

January 16, 2024

Diesel Price Sees Its First Boost of the Year

The national average diesel price rose for the first time in 2024, climbing 3.5 cents to $3.863 a gallon, according to Energy Information Administration data for the week ending Jan. 15.

January 16, 2024