A truck driver is facing charges after setting his own truck on fire on the side of a Maryland highway. 42-year-old Robert Steven Silver was arrested on Tuesday, March 4th on charges of second-degree arson, malicious burning/fraud, and reckless endangerment. He was released on $10,000 bond for the October 12th, 2024 incident. According to CBS, Silver’s ...more
The Washington State Patrol (WSP) shared a trucker’s dash cam video as a reminder to the motoring public of the dangers of ice on the roadway. The video was captured on March 6 on eastbound I-90 at mile marker 49.In the dash cam clip, you can see a black car traveling in the far left ...more
A couple of tow truck drivers claim that this semi truck actually got stuck on a rock like this, but we’re not so sure. In the video, a semi truck can be seen with its back end sticking up in the air as one of the axles balances on top of a very large rock. ...more
Canada Won’t Scrap Tariffs Unless All US Levies Are Lifted
Canadian Prime Minister Justin Trudeau in December. (Riley Smith/The Canadian Press via AP) Prime Minister Justin Trudeau is not open to lifting Canada’s full package of retaliatory tariffs if U.S. President Donald Trump leaves any tariffs on Canada in place, according to a senior Canadian government official. Trudeau’s government is cool to the idea of ...more
DOE Withdraws Biden-Era Rule, Approves LNG for Vessel Fuel
JAX LNG sought federal approval to engage in long-term exports of liquefied natural gas of up to 51.75 billion cubic feet annually through Dec. 31, 2050. (JAX LNG) The Department of Energy has given the green light for vessels to use liquefied natural gas as a fuel by withdrawing its past Biden-era order that created ...more
Trump Approves Permit Extension for Exxon’s Golden Pass LNG
The Golden Pass liquefied natural gas terminal under construction in Sabine Pass, Texas, on Feb. 5. (Callaghan O'Hare/Bloomberg) The Trump administration extended a permit for a major U.S. liquefied natural gas export project March 5 as the president seeks to follow through on a pledge to supply Asia and other nations with the fuel. The ...more
Geely Signs $2.5 Billion Loan to Refinance Volvo Truck Deal
(John Sommers II for Transport Topics) Chinese billionaire Li Shufu’s Zhejiang Geely Holding Group Co. has obtained a syndicated loan to refinance borrowings related to its 2018 acquisition of a stake in Volvo AB, according to people familiar with the matter. The 2.4 billion-euro ($2.5 billion) three-year facility was signed on Feb. 25, the people ...more
Saudi Aramco Might Bid for BP’s Castrol Lubricant Assets
BP will look to divest its lubricants unit, which operates under the Castrol brand and could potentially be worth about $10 billion. (Waldo Swiegers/Bloomberg) Saudi Aramco is considering a potential offer for lubricant assets being sold by BP Plc, as the Middle Eastern company pushes for acquisitions that deepen its reach in oil consuming countries, ...more
Trump to Decide on Canada, Mexico Relief Today, Lutnick Says
President Donald Trump and Howard Lutnick in the Oval Office on Feb. 10. (Al Drago/Bloomberg) President Donald Trump is set to announce changes to the tariffs on Canada and Mexico he slapped on earlier this week, with potential relief for automobiles and other sectors, Commerce Secretary Howard Lutnick said March 5. “What he is thinking ...more
Shipping Executives in Crisis Mode Over Tariff ‘Earthquake’
The Port of Long Beach in California. (Kyle Grillot/Bloomberg) Global shipping executives gathered this week in Long Beach, Calif., for a major annual conference, expecting to discuss market trends and supply chain challenges. Instead, they found themselves in crisis mode. On March 4, President Donald Trump upended decades of mostly free trade with the two ...more