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OPEC Cuts Global Oil Demand Growth Forecasts Again

OPEC cut its oil demand growth forecasts for this year and next for a fourth consecutive month as it belatedly recognized a slowdown in top consumer China.

November 12, 2024

ϳԹ Depot’s Q3 Results Top Expectations

ϳԹ Depot continued to deal with a pullback in spending from customers in fiscal Q3, but it was less severe than in the past, and its performance beat Wall Street’s expectations.

November 12, 2024

NHTSA Probes Whether Engines on 1.4 Million Hondas May Fail

DETROIT — The U.S. government’s highway safety agency is investigating complaints that engines can fail on as many as 1.4 million Honda and Acura vehicles.

November 12, 2024

EPA to Charge First ‘Methane Fee’ for Oil and Gas Companies

WASHINGTON — Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain levels under a rule by the Biden administration.

November 12, 2024

NHTSA Warned Tesla Months Before Self-Driving Probe

In a May 15 email sent to Tesla representatives, an NHTSA official flagged seven social media posts that gave the agency pause.

November 8, 2024

Pup Trailers Can Help Fleets Improve Efficiency, Lower Costs

Trucks pulling two 28-foot trailers, or “pups,” have become common in the LTL segment as large fleets utilize these vehicle combinations to increase flexibility in their delivery networks.

November 12, 2024

FRA Awards $96.5M to Hydrogen Rail Projects in Three States

Under terms of the grant program, FRA will pay no more than 80% of a project’s cost, with a minimum 20% match that can include in-kind contributions.

November 8, 2024

Toyota Criticizes US Push for Rapid EV Adoption

“The whole EV ecosystem is ahead of the consumer,” Toyota North America COO Jack Hollis said, pointing to tailpipe emission rules from the EPA and California.

November 8, 2024

Trump’s Win Sets Off Race to Complete Chip Subsidy Deals

The Biden administration is racing to complete CHIPS Act agreements, aiming to shore up one of its signature initiatives before President-elect Donald Trump enters the White House.

November 8, 2024