(Luke Sharrett/Bloomberg) OPEC+ gathered online May 28 to ratify their current groupwide production quotas, ahead of a decision by eight key members at the weekend whether to bolster output again in July. The Organization of the Petroleum Exporting Countries and its partners will leave unchanged their longer-term targets for 2025 and 2026, which underpin its ...more

A tanker truck delivers fuel to an Oregon filling station. The price of diesel on the West Coast dropped 4.8 cents a gallon. (Transport Topics photo) The national average diesel price changed course from a week earlier, dropping 4.9 cents to settle at $3.487 a gallon, according to U.S. Energy Information Administration data released May ...more

Antonio Filosa by Stellantis MILAN — Stellantis, the world’s fourth-largest carmaker, named Italian auto executive Antonio Filosa as its new CEO on May 28, replacing Carlos Tavares, who resigned under pressure last year. Filosa, who is currently Stellantis’ chief operating officer for the Americas and chief quality officer, takes the post effective June 23, when ...more

A Joby eVTOL aircraft (David Paul Morris/Bloomberg News) Toyota Motor Corp. has invested $250 million in Joby Aviation, completing the first half of a previously announced $500 million commitment and becoming the air taxi maker’s largest shareholder. The investment, originally expected to close in 2024, is part of Toyota’s pledge to boost its total funding ...more

Vehicles travel along Interstate 94 in Detroit. Michigan DOT says it does not have a record of the Washtenaw County board's opposition but looks forward to addressing remaining concerns about the project. (Anthony Lanzilote/Bloomberg News) WASHTENAW COUNTY, Mich. — Washtenaw County officials are opposed to proposed express lanes on about 39 miles of Interstate 94 ...more

Mountain bongo antelopes are on the verge of extinction, with fewer than 100 left in the wild due to poaching and habitat loss. (Peter Ndung’u for Lewa Wildlife Conservancy) DHL Express transported 17 endangered mountain bongo antelopes from Florida to a conservation site in Kenya, the company announced in the spring. The mountain bongo antelopes ...more

Juan Sorto/Transport Topics Nominees for top posts at two Department of Transportation agencies await consideration before the Senate. Republican leaders, managing the chamber’s summer agenda, are expected to schedule votes on the nominees to lead the Federal Railroad Administration and Federal Transit Administration. The nominations of David Fink to become FRA administrator and Marc Molinaro ...more

A Castrol logo sign at a BP service station in Pretoria, South Africa. (Waldo Swiegers/Bloomberg) BP Plc’s Castrol lubricant business is attracting interest from energy companies including Reliance Industries Ltd. and buyout firms such as Apollo Global Management and Lone Star Funds, according to people with knowledge of the matter. BP has sent out initial ...more

Meanwhile, the U.S. said in April that U.S.-based manufacturers of intermodal chassis were materially injured by imports of chassis and subassemblies from Mexico, Thailand and Vietnam. (shaunl/Getty Images) A Canada Border Services Agency investigation into container chassis imports from Vietnam found no circumvention of a 2022 Canadian International Trade Tribunal ruling, according to a final ...more