It’s been almost two years since an Arabian sandstorm roiled the world’s supply networks by nudging a 1,300-foot-long containership into the muddy bank of the Suez Canal. The Ever Given’s weeklong grounding delivered a key warning: The global trading system isn’t as stable as we thought. Since then, a pandemic-fueled supply crunch, Russia’s war with ...more

AUSTIN, Texas — Tesla said Jan. 2 that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50% nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of ...more

The national average price of diesel increased after seven straight weeks of declines, rising 4.6 cents to $4.583 according to Energy Information Administration data on Jan. 2. Highlights  The national average price of diesel had dropped 79.6 cents, from $5.333 on Nov. 7 to $4.537 on Dec. 26. The average price for a gallon of ...more

Congress has authorized funding for a new icebreaker for the Great Lakes, a priority that the shipping industry and Sen. Gary Peters (D-Mich.) have sought for years to fight ice dams in the lakes and surrounding waterways. The money is from the $1.7 trillion budget bill that President Joe Biden signed into law Dec. 29. ...more

With a new highway use tax set to taking effect with the new year, the trucking industry in Connecticut still has many questions about how to comply and who must pay the tax and is also floating the possibility of legal action. “If we can’t find a legislative or regulatory remedy, then at that point, ...more

U.S. Secretary of Transportation Pete Buttigieg goes for a ride along with a UPS truck driver to learn more about the men and women of the trucking industry. The video shared by Buttigieg on December 22, 2022, features a truck driver named Dale who has driven trucks for thirty years.During the ride along, Dale talks ...more