27 May Most Railroads Nearing Positive Train Control Implementation Positive train control technology is either in advanced field testing or operational on 98% of the required route miles mandated by Congress, according to an assessment. Read more...
27 May Oil Declines From 11-Week High Russia’s lack of support for continuing global production curbs in July punctured oil’s rally to a nearly three-month high and raised questions about OPEC+’s ability to drain a massive supply glut. Read more...
27 May DOT Issues TIFIA Loan for Oklahoma Expressway Project The U.S. Department of Transportation recently announced it will provide a loan for up to $120.1 million to the Oklahoma Turnpike Authority for an expressway project in the Tulsa area. Read more...
27 May Amazon Buying Zoox May Save $20 Billion, Put Tesla on Its Heels Amazon .com Inc.’s talks to buy driverless vehicle startup Zoox Inc. has analysts speculating the deal could save the e-commerce giant tens of billions a year and put auto, parcel and ride-booking companies on their heels. Read more...
27 May Port Authority of New York, New Jersey Gets Congressional Support for Aid Request Twenty-seven members of Congress representing the states of New York and New Jersey are asking leaders in the House and Senate to include $3 billion in relief funds for the Port Authority of New York and New Jersey in a future coronavirus financial aid package. Read more...
27 May SCDOT Projects Losing Millions in Revenue Because of COVID-19 The South Carolina Department of Transportation is projecting to lose millions of dollars in revenue because of the COVID-19 pandemic’s impact on motor fuel taxes and car sales taxes, according to transportation officials. Read more...
26 May Target Handles Q1 Surge in Digital Volume During its first-quarter earnings call May 20, Target Corp. says its stores helped fulfill an unexpected surge in online orders. Read more...
26 May Diesel Nudges Up 0.4¢ to $2.39 a Gallon for First Rise This Year The nationwide average price of diesel fuel increased by about half a penny, the U.S. Energy Information Administration reported May 26, ending a streak of 19 consecutive weekly price decreases. Read more...
26 May Omnitracs, McLeod Extend Partnership Fleet management solutions company Omnitracs has extended its partnership with transportation management provider McLeod Software. Read more...
26 May House, Senate Lawmakers Propose Essential Workers Fund Legislation that would compensate essential workers who became ill or died from COVID-19 while performing their services was recently introduced by Senate Democrats. Read more...