02 Jun Five More Plead Guilty to Staged Accidents in New Orleans A total of five individuals have pleaded guilty to staging two accidents in the New Orleans area with tractor-trailers in 2017, and obtaining fraudulent financial settlements totaling more than $282,000. Read more...
02 Jun Tyson Foods Replaces Dean Banks as CEO After 8 Months Tyson Foods Inc. appointed Donnie King as chief executive officer, replacing Dean Banks, who has been in the top job at the largest U.S. meat producer for just eight months. Read more...
02 Jun American Travel Spree Proves Market Right to Be Bullish on Oil From bustling U.S. airports to surging demand for gasoline, all signs from this past Memorial Day weekend reaffirm the oil market’s bet that Americans will be out traveling in force this summer. Read more...
02 Jun JBS Poised to Reopen Most Meat Plants Hobbled by Cyberattack JBS SA, the world’s largest meat producer, has made “significant progress” to resolve the cyberattack that hit its global operations and will have the “vast majority” of its plants operational June 2. Read more...
01 Jun Diesel Price Nearly Flat; Increase Is Only Two-Tenths of a Cent The national average price of diesel barely moved this past week, inching up two-tenths of a cent according to Energy Information Administration data released May 31. Read more...
01 Jun Oil Tops $70 a Barrel for First Time Since 2019 Oil resumed its advance, reaching the highest settlement in more than two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up in the air. Read more...
01 Jun Shell, Penske Collaborate on Emission-Reduction Plan Shell Oil Co. and Penske Corp. are collaborating to help drive decarbonization and sustainability, the companies announced May 28. Read more...
01 Jun Load Board Operators Streamline Processes Using Automation, Artificial Intelligence Load board operators, logistics companies and technology vendors are increasingly utilizing improved data analytics, artificial intelligence and business-process automation to more efficiently connect loads with trucks to move them. Read more...
01 Jun Former Rep. Loretta Sanchez Joins UTI Board Universal Technical Institute announced the appointment of former U.S. Rep. Loretta Sanchez (D-Calif.) to serve on its board of directors. Read more...
01 Jun Volvo Shareholders to Get $2.3 Billion Payout From UD Truck Sale Volvo Group shareholders are in line for a big payout, with the truck maker planning to pass along all of the proceeds from the sale of a Japanese business earlier this year. Read more...