14 Jul Boeing Loses 60 Max Jet Orders in June With Virus Crimping Buyers Boeing Co.’s order stockpile shrank further last month as airlines and lessors backed out of commitments for the grounded 737 Max jetliner in a market devastated by the coronavirus pandemic. Read more...
14 Jul Manuel ‘Matty’ Moroun, Owner of Ambassador Bridge, Dies at 93 Billionaire Manuel “Matty” Moroun died July 12 of congestive heart failure, following a lucrative, decadeslong business career marked by his ownership of the iconic Ambassador Bridge and his knack for generating high-profile controversy. He was 93. Read more...
14 Jul OPEC Sees Demand for Its Crude Above Pre-Virus Levels in 2021 OPEC expects demand for its crude oil to rebound sharply next year, surpassing levels seen before the coronavirus crisis, as rival producers struggle to revive output. Read more...
14 Jul 15 States Agree to Work Together for All Heavy Trucks to Be Electric by 2050 A total of 15 states and the District of Columbia have signed a joint memorandum of understanding committing to work collaboratively to advance and accelerate the market for electric medium- and heavy-duty trucks and other vehicles. Read more...
14 Jul Spiking Cost of Gasoline Pushes June Consumer Prices Up 0.6% U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain. Read more...
13 Jul FMCSA to Analyze Safety Practices for Small Delivery Trucks, Vans Federal trucking regulators are seeking information on the safety operations of small commercial trucks and vans making deliveries for online retailers and grocery stores that seem to be increasing in number in recent months, but staying mostly under the regulatory radar. Read more...
13 Jul FMCSA Extends Emergency Relief Declaration to Aug. 14 The Federal Motor Carrier Safety Administration again extended its emergency relief declaration for truckers directly assisting with coronavirus-related efforts, this time to Aug. 14. Read more...
13 Jul Diesel Price Almost Flat, Inches Up 0.1¢ to $2.438 a Gallon The nationwide average price of diesel fuel was nearly flat the past week, according to U.S. Energy Information Administration data released July 13. Read more...
13 Jul Oil Falls on Signs OPEC+ Will Taper Cuts Oil retreated before an OPEC+ committee meeting this week that may confirm the group’s intention to taper production cuts even as the coronavirus surges in many countries, including the U.S. Read more...
13 Jul Biden Points to Infrastructure Absent Trump’s Plan Presumptive Democratic presidential candidate Joe Biden has made infrastructure a talking point on the campaign trail. Here's your Capitol Agenda look at the week ahead for trucking on Capitol Hill. Read more...