Diesel's previous price drop was 5.3 cents a gallon on the week of March 10. (Nam Y. Huh/Associated Press) The national average diesel price reversed course and dropped 6 cents a gallon to $3.579, according to U.S. Energy Information Administration data released April 15. Diesel’s price had risen 9 cents a gallon in three consecutive ...more
BrightDrop electric vans at the General Motors CAMI Assembly Plant in Ingersoll, Ontario. (Brett Gundlock/Bloomberg) The Canadian government said it will allow automakers to import a number of U.S.-made cars and trucks without tariffs, as long as the companies keep manufacturing vehicles in Canada. The move will provide some relief to companies including General Motors ...more
Caterpillar Chairman and CEO Jim Umpleby (left) will become Executive Chairman of the Board effective May 1. COO Joe Creed will succeed him as CEO. Caterpillar Inc. said Joe Creed, a 28-year veteran of the U.S. machinery manufacturer, will be its next CEO. Creed will start in the top job on May 1, while current ...more
A Petroleos de Venezuela pump jack on Lake Maracaibo in Cabimas, Venezuela. (Gaby Oraa/Bloomberg) The International Energy Agency slashed forecasts for global oil demand this year amid the brewing trade war, and in its first detailed assessment of 2026 predicted a persistent supply surplus. The adviser to major economies chopped projections for 2025 demand growth ...more
A fully loaded Cosco containership enters the Port of Long Beach in California. (Tim Rue/Bloomberg News) Containerships, the workhorses of global trade transporting almost 90% of the world’s manufactured goods, have become a target in Donald Trump’s conflict with China — and none of the major carriers stand to escape the extra costs. Trump wants ...more
A Lowe's store in the Brooklyn borough of New York. (Yuki Iwamura/Bloomberg News) Lowe’s Cos. has agreed to buy an interior services provider for around $1.3 billion, the retailer’s latest effort to expand its footprint with professional contractors amid a soft housing market. Artisan Design Group serves homebuilders and property managers, offering design, distribution and ...more
A truck driver has been charged with negligent homicide after running over a construction worker in West Virginia on Monday. The accident happened on April 14th at about 11 a.m. at an Interstate 77/West Virginia Turnpike work zone south of Charleston, West Virginia. According to West Virginia Metro News, truck driver Anvar Sabirov failed to move ...more
A New Jersey woman has admitted to stealing millions from her trucking company employer while working as a bookkeeper, officials say. Jeanette Avellan, 62, pleaded guilty to second-degree theft of movable property, third-degree failure to pay income taxes, and third-degree filing a fraudulent tax return, according to an April 14 statement from New Jersey Attorney ...more
Indiana State Police (ISP) released results from a “focused enforcement blitz” targeting trucks traveling on U.S. 30. ISP’s Commercial Vehicle Enforcement Division (CVED) conducted the enforcement operation on April 11 on U.S. 30 from the Illinois state line to the Ohio state line.During the U.S. 30 enforcement effort, ISP troopers were focused on the following ...more
California Highway Patrol (CHP) troopers recently caught an unusual semi truck fueling mishap at a scale house in Lebec. On April 15, CHP took to social media to call out a truck driver for a major “oops” moment at the Grapevine scale house located off of I-5.“Oops! Well, considering this diesel pump hose traveled the ...more
