28 Dec Diesel Rises 1.6¢, Reaches Nine-Month High of $2.635 a Gallon The U.S. average retail price of diesel rose 1.6 cents to $2.635 a gallon and notched a new nine-month high after first reaching that peak a week earlier, the Energy Information Administration reported Dec. 28. The average price of diesel was $2.659 on March 23. Read more...
28 Dec Oil’s Brief Rally Fades With Supply Risks Countering Stimulus A brief rally in crude oil deflated Dec. 28 as investors ignored a broader market surge that pushed equities to an all-time high and focused instead on looming new supply from OPEC+. Read more...
28 Dec Nuro Acquires Ike, Gets Approval for Autonomous Deliveries in California Robotics company Nuro announced Dec. 23 that it has acquired Ike Robotics Inc., which builds automated trucking technology. Read more...
28 Dec FedEx Completes Acquisition of ShopRunner FedEx Corp. announced Dec. 28 that is has completed its acquisition of ShopRunner, marking an expansion of the company’s e-commerce footprint. Read more...
28 Dec Demand Boosts Average Price for Used Class 8 Trucks in November The used truck market in November generated more demand and a higher average price for a Class 8 compared with a year earlier, ACT Research reported. Read more...
28 Dec COVID-19 Relief Package Includes $10 Billion for Highway Infrastructure President Donald Trump on Dec. 27 signed a COVID-19 relief package that allots $10 billion for highway infrastructure programs. Read more...
28 Dec House Set to Vote on $2,000 Stimulus Checks Trump Demanded The House is set to vote Dec. 28 to replace the $600 stimulus payments in the newly enacted pandemic relief law with the $2,000 President Donald Trump demanded — a Democratic-led effort that is politically fraught for congressional Republicans and unlikely to become law. Read more...
28 Dec Drone Use in US to Get Boost in New Security Rules Commercial U.S. drone flights are set to receive a huge boost as soon as the week starting Dec. 28 with requirements that most of the devices must transmit a radio beacon with a digital license plate. Read more...
28 Dec Elion Adds Last-Mile Facility in South Florida Elion Partners has acquired a 180,000-square-foot, last-mile industrial asset in Fort Lauderdale, Fla. Read more...
28 Dec Trucking Industry's Great Work in 2020 Will Pay Dividends in 2021, ATA’s Spear Says The trucking industry’s response to the COVID-19 pandemic has brought with it a boost in public perception that will endure for years to come, American Trucking Associations President Chris Spear told Transport Topics. Read more...