25 Jun Mullen Group Completes Acquisition of Two Companies Mullen Group has closed acquisitions on two transportation businesses, the Okotoks, Alberta, company announced June 24. Read more...
25 Jun 7-Eleven Ordered to Sell 293 Speedway Stores 7-Eleven Inc. was ordered by U.S. antitrust regulators to sell 293 gas-station retail stores acquired earlier this year as part of its $21 billion purchase of Marathon Petroleum Corp.’s Speedway business. Read more...
25 Jun Congress Reinstates Obama Methane Rule for Oil, Gas Wells The House voted June 25 to rescind a Trump-era rule blocking the Environmental Protection Agency from directly limiting oil industry emissions of the powerful greenhouse gas methane, a move that would restore requirements imposed by the Obama administration while freeing the agency to craft new more stringent rules for the oil and gas industry. Read more...
25 Jun Indiana’s New Oversize Trucking Regulations Start July 1 New regulations pertaining to overweight trucks are scheduled to take effect in Indiana on July 1. Read more...
25 Jun Oil Refiners Win at Supreme Court With Easier Waivers on Biofuel The Environmental Protection Agency has wide latitude to exempt refineries from federal mandates that they mix renewable fuels into gasoline and diesel, the U.S. Supreme Court ruled June 25, a victory for oil companies seeking a break from the requirements. Read more...
25 Jun Tech Giants Make Push Into Autonomous Driving For tech giants that are diving into self-driving tech or have grand plans for their own cars, that push isn’t just about breaking into a new market — it’s about defending valuable turf. Read more...
25 Jun Consumer Spending Flat in May WASHINGTON — Consumer spending was flat in May while incomes dropped for a second month as the impact of the government’s individual impact payments waned. Inflation, however, posted a sizable gain of 0.4%. Read more...
24 Jun FedEx Tops $20 Billion in Revenue for Third Straight Quarter FedEx Corp. reported a surge in bottom-line results for its fiscal fourth quarter as e-commerce continued to fuel demand for the company’s services. Read more...
24 Jun Appeals Court Rules in Favor of U.S. Xpress in Driver Pay Dispute A U.S. appeals court has issued an opinion in favor of U.S. Xpress Enterprises in a class-action case in which California truck drivers argued they should have been paid for nondriving work time, even while under a piece-rate basis agreement with the carrier to transport a load. Read more...
24 Jun Logistics Sector Altered but Resilient, CSCMP Reports The logistics sector continues to demonstrate the perseverance that carried it through the toughest days of the economic downturn that accompanied the coronavirus pandemic, the Council of Supply Chain Management Professionals said in a recent report. Read more...