(Krisztian Bocsi/Bloomberg News) The diesel market is pricing in a crisis, one that soon could get even worse because of a lack of the type of crude that’s good for making the fuel. Output curbs from countries including Saudi Arabia and Russia are limiting supply of medium and heavy crudes and pushing refiners toward using ...more
The production line at a Stoughton facility. Starks said production of trailers in the U.S. is set to decline for five consecutive quarters before increasing in the final three months of 2024. (M O D Photography for Stoughton Trailers) Production of trailers in the United States is set to decline for five consecutive quarters before ...more
United Auto Workers members walk in the 2019 Labor Day parade in Detroit. (Paul Sancya/Associated Press) DETROIT — Leaders of the United Auto Workers union are considering targeted strikes at a small number of factories run by each of Detroit’s three automakers if they can’t reach contract agreements by a Thursday night deadline. The union’s ...more
(Union Pacific Railway via Facebook) OMAHA, Neb. — Union Pacific’s new CEO, who came into the job last month with a reputation for cost-cutting, says he won’t shy away from that but no one should expect the kind of sweeping changes he made when he first oversaw the railroad’s operations a few years ago. Jim ...more
A banner welcomes Hyundai Motor Group to their future home at the Bryan County site in Ellabell, Ga. (Richard Burkhart/Savannah Morning News via AP, File) SAVANNAH, Ga. — The state of Georgia and local governments are on track to give $2.1 billion in tax breaks and other incentives to Hyundai Motor Group after the South ...more
A Tevva hydrogen electric truck on the road. Tevva is based in England, and ElectraMeccanica is based in Canada. (Tevva) Proposed merger partners ElectraMeccanica and Tevva plan to launch a Class 8 hybrid electric and hydrogen-powered truck in the United States in 2027, ElectraMeccanica CEO Susan Docherty said. The 19-metric-ton or 41,888-pound truck will be ...more
Chris Spear addresses the U.S. House panel on highways and transit operations on Sept. 13. (SunJae Smith/American Trucking Associations) WASHINGTON — Automated vehicles would gain greater adoption with a nationwide policy framework, Chris Spear, president of American Trucking Associations, told members of Congress on Sept. 13. Addressing the U.S. House panel on highways and transit ...more
C.H. Robinson opened a new facility in Laredo to speed up cross-border movements for customers. (C.H. Robinson) The escalation of nearshoring this year has brought an increased need to bolster infrastructure investments and supply chain operations, according to experts. “The reality is nearshoring continues to grow,” said Ben Enriquez, head of Mexico logistics and customs ...more
"The United States is taking an important step forward to fortify bonds with our partners throughout the Indo-Pacific,” says Commerce Secretary Gina Raimondo, shown here during an August news conference. (Qilai Shen/Bloomberg News) The U.S. Commerce Department is pitching its landmark multinational pact to strengthen supply chains with 13 Indo-Pacific nations that together with America ...more
The new F-150 Raptor was revealed at F-150 Fest in Detroit on Sept. 12. (Robin Buckson/Detroit News via AP) DETROIT — The top-selling vehicle in America will get a bit of a face-lift next year, one of just a few new or updated vehicles that will be shown off this week at Detroit’s big auto ...more
