20 Jul Truck Tonnage Rises Slightly in June Truck tonnage in June inched up 0.5% compared with year-ago levels, a slowdown compared with recent months amid a tempering of freight activity nationwide, according to American Trucking Associations’ For-Hire Truck Tonnage Index. Read more...
20 Jul World’s Road Fuel Demand to Peak Earlier Than Expected Demand for gasoline and diesel to fuel cars and trucks will peak in 2027 — four years earlier than expected — as more fuel-efficient autos and increasing adoption of electric vehicles curb global consumption, according to BloombergNEF. Read more...
20 Jul New Cybersecurity Order Issued for US Pipeline Operators WASHINGTON — The Department of Homeland Security on July 20 announced new requirements for U.S. pipeline operators to bolster cybersecurity following a May ransomware attack that disrupted gas delivery across the East Coast. Read more...
20 Jul Georgia Port Chief Sees US Import Surge ‘Easily’ Lasting Into 2022 The head of one of the largest U.S. gateways for trade said robust demand for imported goods likely will be sustained into 2022 as companies scramble to rebuild stockpiles during an uneven rebound from the pandemic. Read more...
20 Jul Honda Ditches Go-It-Alone Strategy to Make Safer Move Toward EVs Honda Motor Co. long eschewed big strategic alliances, preferring to go it alone even as many of its carmaking peers banded to improve economies of scale. That strategy is changing now that the Japanese automaker is shifting more aggressively to electric vehicles. Read more...
19 Jul Diesel Rises 0.6¢ to $3.344 a Gallon The national average price of diesel increased six-tenths of a cent to $3.344 a gallon, the second rise of less than a penny in as many weeks, according to Energy Information Administration data released July 19. Read more...
19 Jul Oil Futures Fall 7.5%, Largest Decline Since September Oil was the biggest loser in a broad market selloff after OPEC+ agreed to boost crude supply as a resurgent virus shook investor confidence in the global economic recovery. Read more...
19 Jul Haldex Reports Higher Earnings, Revenue as Markets Rebound Braking and air suspension systems provider Haldex reported positive net income and a 30% gain in revenue for the second quarter, ended June 30. Read more...
19 Jul Wisconsin Issues $160 Million in Transportation Aid to Local Agencies Wisconsin officials recently announced the distribution of $160.2 million in financial assistance for transportation purposes to municipalities across the state. Read more...
19 Jul Indiana Gives Utilities $5.5 Million to Build EV Charging Network If you build it, they will come. At least that’s what the state of Indiana and its utilities are hoping for when it comes to charging stations and electric vehicles. Read more...