11 Dec DOT Announces BUILD Grant Recipients The U.S. Department of Transportation announced the winners of its first round of Better Utilizing Investments to Leverage Development discretionary grants. Read more...
11 Dec Amazon Chooses Fort Worth’s Alliance Airport for Regional Hub Amazon.com is building a new regional air hub at Fort Worth’s Alliance Airport, bolstering its shipping business in a move that’s expected to create hundreds of jobs for the region. Read more...
11 Dec FMCSA Seeks Final Round of Comments on Military-Driver Pilot Program The Federal Motor Carrier Safety Administration is seeking a final round of comments on its plan to soon begin a three-year pilot program to compare the safety records of current or former military heavy truck drivers younger than 21 with a control group of current interstate drivers from 21 to 24 years old. Read more...
11 Dec US Holds Steady on Outlook for Domestic Oil Production Rising Despite Lower Prices The U.S. government left its forecast for domestic crude production unchanged for 2019 even with prices averaging almost $11 a barrel lower than its previous estimate. Read more...
11 Dec Virginia Transportation Leaders Approve I-81 Improvement Plan Virginia’s Commonwealth Transportation Board has approved a plan that weighs the possibility of tolls to address some of the issues that affect Interstate 81. Read more...
11 Dec Quarles Petroleum Acquires Revere Gas Virginia-headquartered Quarles Petroleum, a regional provider of residential and commercial fuel, has acquired Revere Gas, another Virginia-based retail propane gas distributor, according to a Dec. 4 press release. Read more...
11 Dec China Is Said to Move Toward Lower Tariffs on U.S.-Made Cars China is moving toward cutting its trade-war tariffs on imported U.S.-made cars, a step already claimed by President Donald Trump as a concession won during trade talks in Argentina. Read more...
11 Dec Producer Prices Up in November, Exceeding Estimates U.S. producer prices rose in November on advances in foods and transportation services, while a measure of underlying costs accelerated, offering some potential signs of inflation pressures bubbling up in the economy. Read more...
11 Dec Fuel, Maintenance Among Many Variables for Total Cost of Ownership Calculations Carriers aiming to answer this question — how much did that truck truly cost? — must weigh a range of factors to arrive at a “total cost of ownership.” The factors considered might differ from one operator to the next, but the basic considerations tend to be the same, fleet managers and truck manufacturers said. Read more...
11 Dec Tech Air Acquires Scully Welding Supply, Propane Service Companies Industrial gas and equipment supplier Tech Air has acquired Scully Welding Supply Corp. and Scully Propane Service Corp. according to a Dec. 4 press release. This is the 27th acquisition for Tech Air under CI Capital ownership. Read more...