OPEC raised oil production last month as the group began a series of accelerated increases spurred by Saudi Arabia, according to a Bloomberg survey.
June 3, 2025Search
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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.
Reservation System at Ports Cuts Ship Emissions by Up to 24%
Researchers have calculated that the containership reservation system at the ports of Los Angeles and Long Beach is paying a climate dividend.
June 3, 2025Diesel Price Down 3.6¢ to $3.451 a Gallon
The national average price for a gallon of diesel dropped 3.6 cents to $3.451, according to U.S. Energy Information Administration data released June 3.
June 3, 2025Trucks in China Make Switch From Diesel to Electric
More and more Chinese trucks are being powered by batteries, another sign that oil-based fuels are getting shoved to the sidelines in an increasingly electrified economy.
June 3, 2025Joby Considers Air Taxi Deal Worth Up to $1 Billion
Joby Aviation is working toward an agreement to sell as many as 200 of its air taxis to a major Saudi Arabian investor in a deal potentially worth as much as $1 billion.
June 3, 2025Trump Trade War to Hobble US Growth, OECD Says
U.S. economic growth will slow to 1.6% this year as President Donald Trump’s erratic trade wars disrupt global commerce, drive up costs and leave businesses and consumers frozen by uncertainty.
June 3, 2025Manufacturing Activity Shrank in May for Third Straight Month
U.S. factory activity contracted in May for a third consecutive month and a gauge of imports fell to a 16-year low as firms pulled back in the face of higher tariffs.
June 3, 2025Uber Promotes Company Veteran to Chief Operating Officer
Uber Technologies named longtime executive Andrew Macdonald its first chief operating officer since 2019, part of an executive shake-up that includes the departure of the company’s top delivery leader.
June 2, 2025Canada Premiers Pitch Carney on Pipelines, Ports and Mines
Canada’s provincial leaders urged Prime Minister Mark Carney to back new oil pipelines, electricity grids, critical mineral mines, ports and railways at a meeting June 2 meant to identify “nation-building” projects to be fast-tracked.
June 2, 2025Group That Won Trade Ruling Wants Tariffs Halted During Appeal
A group of small businesses that won a ruling that most of President Donald Trump’s global tariffs are illegal want them blocked during the administration’s appeal.
June 2, 2025