06 Jan US Imports No Saudi Crude Oil for First Time in 35 Years The U.S. didn’t import any Saudi crude the week of Dec. 28 for the first time in 35 years, a reversal from just months ago when the Kingdom threatened to upend the American energy industry by unleashing a tsunami of exports into a market decimated by the pandemic. Read more...
06 Jan Maine Lawmakers Petition FMCSA Regarding Lobster Transport In an effort to ease the commercial transport of lobster, a group of Maine lawmakers submitted a request to federal government officials asking to clarify the definition of “livestock” in a recently issued interim final rule. Read more...
06 Jan Autonomous Startup Used by Mining Trucks Raises $47 Million Oxbotica, a U.K. company that makes software for running autonomous vehicles, has raised $47 million in a fresh funding round that will go toward developing and deploying its products. Read more...
06 Jan Maersk Says Record Shipping Rates Unlikely to Have Peaked Yet A.P. Moller-Maersk A/S, the world’s largest container carrier, is working at full capacity and can’t yet see a peak in freight rates that have already been propelled to record highs by pandemic consumer spending. Read more...
06 Jan Industry Comments Support FHWA Proposal on Infrastructure Design Standards Public comments submitted to the Federal Highway Administration regarding a recent proposal that would allow more flexibility with design standards when repairing highways and interstates reflect an overwhelming show of support from industry groups and transportation agencies. Read more...
06 Jan Clarience Technologies Acquires Ecco Safety Group Clarience Technologies announced it acquired Ecco Safety Group, which has nearly 50 years of experience in research, design, development, manufacturing and distribution of emergency lighting and audible warning equipment for commercial and emergency vehicles for global markets. Read more...
05 Jan Bison Transport Sold to Canada’s James Richardson & Sons Bison Transport Inc., one of North America’s largest diversified fleets that has been in an expansion mode over the past few years, announced it was acquired by privately held James Richardson & Sons for an undisclosed amount, effective Jan. 1. Read more...
05 Jan TRB Hosting Virtual Annual Conference The coronavirus pandemic’s impact on transportation modes, the role of transit, and technological advancements will dominate this year’s annual conference of the Transportation Research Board. Read more...
05 Jan Rivian Is Close to Raising Funds at $25 Billion Valuation Rivian Automotive Inc., the electric truck startup backed by Amazon.com Inc. and Ford Motor Co., is close to raising a new round of funding valuing it at about $25 billion, according to people familiar with the matter. Read more...
05 Jan Exxon Reveals Petroleum Product Emissions Data for First Time Exxon Mobil Corp. released emissions data on customers’ use of its petroleum products for the first time after coming under pressure from investors. Read more...