A driver turned himself in late last week after a warrant was issued for his arrest for a 2024 wreck that left another trucker dead. The accident happened on February 29th, 2024 on Interstate 84 east near exit 72 in Union, Connecticut. The accused truck driver, 33-year-old James Desruisseaux, was arrested just last week on ...more
Truck stop giant Pilot now offers B99 biodiesel for commercial trucking fleets at an Illinois location, with more locations coming soon. On March 18, Pilot declared itself the “first travel center network to offer B99 biodiesel for fleets” as part of a partnership with PepsiCo, ADM, a global agricultural supply chain manager and processor, and ...more
Chevron Buys $2.3B Hess Stake, Stays Confident on Merger
(Chevron by David Paul Morris/Bloomberg News; Hess by Andrew Harrer/Bloomberg News) Chevron Corp. bought nearly 5% of Hess Corp. as a show of confidence that it will win the arbitration battle with Exxon Mobil Corp. that has delayed the Hess takeover for more than a year. Chevron bought 15,380,000 Hess shares between January and March ...more
PepsiCo Buys Prebiotic Soda Brand Poppi
Poppi features brightly colored, fruit-forward cans. (John Minchillo/AP/file) PepsiCo said March 17 it’s acquiring the prebiotic soda brand Poppi for $1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing ...more
Low-Rolling-Resistance Tires Gain Traction in Trucking
Investing in more fuel-efficient tires is the easiest way for fleet operators to boost fuel economy, according to the lead engineer at MVTS. (Mesilla Valley Transportation Solutions) Since their industry introduction about two decades ago, low-rolling-resistance tires have come a long way in improving fuel efficiency, reducing greenhouse-gas emissions and making true believers out of ...more
Trump Says Both Reciprocal, Sectoral Tariffs Coming April 2
President Donald Trump waves from the stairs of Air Force One upon his arrival at Joint Base Andrews, Md., on March 17. (Luis M. Alvarez/AP) President Donald Trump said he would be imposing both broad reciprocal tariffs and additional sector-specific tariffs on April 2. Trump told reporters aboard Air Force One that “in certain cases, ...more
Trump’s Trade Wars Tip World to Slower Growth, OECD Warns
OECD Secretary General Mathias Cormann by OECD President Donald Trump’s aggressive trade policies have abruptly set the world onto a path of slower growth and higher inflation that could worsen notably if tensions escalate, the Organization for Economic Cooperation and Development said. The Paris-based club of 38 rich countries cut its outlook for most members ...more
BYD Unveils Battery System That Charges EV in Five Minutes
The BYD Seagull at an auto show. (Qilai Shen/Bloomberg News) BYD Co. unveiled a new system for electric cars that the Chinese automaker says will allow them to charge almost as fast as it takes a regular car to refuel. BYD’s Chairman and founder Wang Chuanfu said a new battery and charging system was capable ...more
Luminar Stock Jumps as Viral Video Backs Its Tech Over Tesla
Luminar will report fourth-quarter results after the market closes on March 20. (Bridget Bennett/Bloomberg News) Luminar Technologies Inc. shares surged on March 17 after former NASA scientist Mark Rober test-drove a car equipped with the company’s lidar technology in a YouTube video and said it outperformed Tesla Inc.’s Autopilot feature. In the video, which has ...more
Yellow Creditors Push Plan to End Bankruptcy Case
“I don’t know that I can tell you that I am” optimistic, Nash told Goldblatt. “But I’m not pessimistic either.” (Charlie Riedel/Associated Press) Creditors of defunct trucking firm Yellow Corp. will submit their own plan in coming days on how to split up the company’s remaining $550 million of cash and end its bankruptcy case. ...more