21 Apr Border Restrictions Extended; Trucking Remains Exempt The Department of Homeland Security recently extended travel restrictions that apply to the Canadian and Mexican borders to prevent the further spread of COVID-19. Read more...
21 Apr Negative WTI Offers Glimpse of Future for Oil Market in Meltdown Traders may have hoped that the April 20 collapse in U.S. oil prices below zero for the first time in history was an aberration. Read more...
21 Apr Truck Tonnage Up 4.3% Year-Over-Over on Coronavirus Surge Truck tonnage rose 4.3% year-over-year in March on gains in selected business sectors, according to American Trucking Associations. Read more...
21 Apr World’s Biggest Oil Storage Firm Says Almost All Space Sold The world’s biggest independent oil storage company has all but run out of space for crude and refined products as a result of the fast-expanding glut that COVID-19 has created. Read more...
21 Apr Daimler Truck AG, Volvo Group Plan Joint Venture on Hydrogen Fuel Systems Global truck manufacturers Daimler Truck AG and Volvo Group have reached a preliminary agreement on a joint venture to develop, produce and commercialize fuel cell systems in heavy-duty vehicles by the second half of the decade. Read more...
21 Apr Covenant Relocates Texarkana Terminal Operations Covenant Transportation Group is planning to close its Texarkana, Ark., terminal and relocate operations to other facilities, the company announced April 20. Read more...
21 Apr Special Freight Railcars Could Travel at High Speeds, Federal Researchers Show For at least the past decade, America’s railroads have been toying with the notion of freight trains moving at speeds approaching some passenger bullet trains. Read more...
21 Apr N.Y. Gov. Andrew Cuomo Calls for Federal Coordination of Supply Chain for COVID-19 Tests New York Gov. Andrew Cuomo called for federal coordination of the supply chain to make COVID-19 testing more widely accessible to states. Read more...
20 Apr FRA Announces $311 Million in Funding Availability More than $311 million in funding is available for projects designed to improve freight and passenger rail connectivity, federal railroad regulators announced this month. Read more...
20 Apr Oil Price Turns Negative in Historic First; Diesel’s Decline Continues The price of oil dropped to its lowest level in history April 20, sinking into negative pricing as oil supplies are beginning to overwhelm the globe’s storage capacity. Read more...