A North Texas Teamsters Union representing truckers has voted to strike over autonomous semi truck concerns and fair benefits. Teamsters Local Union 745 represents nearly 100 truck drivers working for Albertsons in the Dallas/Fort Worth area, which is approximately 90% of the company’s local drivers. On Monday, May 12th, the Union voted to strike over ...more
The Oklahoma Highway Patrol (OHP) is investigating a commercial vehicle crash in Bryan County caused by brake failure. The crash occurred on May 13 at US 70 and Silo Road in Bryan County, Oklahoma.Troopers say that a commercial vehicle’s brakes failed while approaching a stop light. The driver “took evasive action and swerved to the ...more
Companies Ramp Up Production to Hit 90-Day Tariff Window
The Port of Boston receives furniture, wine, spirits, toys, apparel and plastics. (Massport) It may only be a 90-day reprieve from the steepest of President Donald Trump’s China tariffs, but it’s enough time to entice companies to restart factory operations and start shipping. Therabody, a Los Angeles-based maker of wellness products such as Theragun massagers, ...more
Diesel Drops 2.1¢ to $3.476 in Fifth Straight Decline
Diesel's national average price per gallon has fallen each week since April 7 for a total of 16.3 cents. (Minerva Studio/Getty Images) The national average diesel price dipped 2.1 cents a gallon to $3.476, the fifth straight decline, according to U.S. Energy Information Administration data released May 13. Trucking’s main fuel has dropped each week ...more
April Class 8 Truck Sales Slip 8.7% as Market Slump Persists
Freightliner claimed the largest market share for the month with 6,551 trucks sold, accounting for 36.2% of all sales. (Daimler Truck North America) U.S. Class 8 retail sales closed in on nearly two years of year-over-year declines in April, according to data from Wards Intelligence. Sales decreased 8.7% to 18,078 units from 19,798 during the ...more
Saudi Aramco to Spend $3.4B on Motiva Refinery in Texas
President Donald Trump and Saudi Crown Prince Mohammed bin Salman speak during a meeting at the Royal Palace in Riyadh on May 13. (Alex Brandon/AP) Saudi Aramco plans to spend $3.4 billion on its Motiva refinery in Texas, the largest fuelmaking plant in the U.S. The Saudi oil giant announced the project soon after Donald ...more
Inflation Slows, but Economists Say Tariff Impacts to Come
A customer checks his shopping receipts at a Costco Wholesale store in Glendale, Calif. Egg prices fell 12.7%. (Photo/Damian Dovarganes/AP/File) WASHINGTON — Inflation cooled for the third straight month in April even after some of President Donald Trump’s tariffs took effect, though economists and many business owners expect inflation will climb in the coming months. ...more
Freight Rates Set to Rise on Pacific Shipping Frenzy
The Maersk Skarstind is moored at the APM Terminals at the Port of Los Angeles. (Damian Dovarganes/AP) A China-U.S. deal to slash trade tariffs is set to push freight rates higher, as companies rush to use a 90-day grace period to ferry goods across the Pacific Ocean. The rapid escalation of levies in recent weeks, ...more
GOP Wants to Phase Out Biden EV Credits to Pay for Tax Cuts
A driver unplugs an electric vehicle at a charging station in Hudson, N.Y. (Angus Mordant/Bloomberg News) House Republicans are proposing to eliminate a tax credit for electric vehicles and phase out incentives for the production of clean energy to help pay for President Donald Trump’s massive tax package. The incentives put in place by former ...more
JBS Profit Jumps as Chicken Gains Beat Beef Downturn
The JBS Greeley meatpacking facility in Greeley, Colo. (Chet Strange/Bloomberg News) JBS SA said quarterly profit rose more than expected, with chicken making up for the bulk of the increase as the world’s largest meat supplier faces deepening losses at its U.S. beef business. Adjusted net income for the three months ended in March rose ...more