02 Oct Shipping Costs for Liquefied Natural Gas Expected to Rise Liquefied natural gas shipping costs will increase, driven by rising charter rates, higher fuel costs and the growth in interbasin trade flows, according to estimations by Fitch Solutions Macro Research. Read more...
02 Oct PepsiCo’s Beverage Business Bounces Back as New CEO Takes Over Indra Nooyi is stepping aside amid signs of a turnaround in PepsiCo Inc.’s drinks business. The company’s struggling North American beverage unit returned to growth in the third quarter, helping the company beat earnings estimates as the longtime CEO hands the reins to deputy Ramon Laguarta on Oct. 3. Read more...
02 Oct Shell, Partners Announce $31 Billion LNG Canada Investment Royal Dutch Shell and its partners announced an agreement to invest in a multibillion-dollar liquefied natural gas project in western Canada — the largest of its kind in years that will carve out the fastest route to Asia for North American gas. Read more...
02 Oct Rosa Expected to Flood Roads From Arizona to Utah PHOENIX — After soaking northwestern Mexico with heavy rains as it neared the Baja California Peninsula, reportedly claiming at least one victim, Tropical Storm Rosa is expected to drench the U.S. Southwest. Read more...
02 Oct Booming Freight Market Creates Ideal Time to Raise Rates, Driver Pay, McLeod CEO Says BIRMINGHAM, Ala. — With the freight market booming and truck capacity constrained, now is an ideal time for fleets to fine-tune their freight networks, push for higher rates and increase driver pay, McLeod Software CEO Tom McLeod says. Read more...
01 Oct Diesel Spikes 4.2¢ to $3.313 a Gallon The U.S. average retail price of diesel spiked 4.2 cents to $3.313 a gallon as oil prices climbed to levels not seen in four years. Read more...
01 Oct Marathon Closes $23 Billion Deal With Texas Refining Firm Andeavor Marathon Petroleum Corp. officially closed a $23.3 billion deal Oct. 1 in which it acquired all the outstanding shares of Texas refining company Andeavor. Read more...
01 Oct Capitol Agenda for the Week of Oct. 1: T&I Chairmanship and the Elephants in the Room The two Republicans vying for the chairmanship of the transportation panel in the House say they will make it a priority to craft legislation aimed at rebuilding the country’s roads and bridges. Here's a look at the week ahead for trucking on Capitol Hill. Read more...
01 Oct Crossword Puzzle Solution October 1, 2018 Here's the solution to the crossword puzzle found in the October 1, 2018 print edition. Read more...
01 Oct US Factories Grew at Slower Pace in September WASHINGTON — U.S. factories grew at a slower pace in September as manufacturers continued to cope with supply disruptions stemming from trade disputes with China, Europe, Mexico and Canada. Read more...