Oil Prices Appear to be Stabilizing, Diesel Up: Crude Closes at $97.28
Oil prices dropped Thursday for the first time in nine days after the International Energy Agency said the rebellion in Libya may have cut oil production less than originally feared
Con-Way Freight Helps Foil Terrorist Bomb Plot
Observant workers, diligent screening, and established security protocols in place and Con-Way Freight’s Lubbock Texas service center combined to foil a terrorist bomb plot.
TransCore: Backhaul Freight Market Remains Steady
TransCore’s DAT Network of load boards showed modest growth the week of February 14, following a dramatic increase in van and reefer freight the week of February 7.
End of an Era?
In the last few weeks, well-known truckload leaders have announced they are stepping back from the front lines at the companies they founded or have led for decades.
Volvo Car outlines plans for strategic expansion in China, its 2nd home market; RD support for hybrids and EVs
Volvo Car Corporation, owned by Zhejiang Geely Holding Group, outlined its plans for strategic expansion in China, which President and CEO Stefan Jacoby called the company’s second home market. Among the steps to be taken as part of its new 5-yea…
Transit agency buying LA Union Station for $75M
The county Metropolitan Transportation Authority said Thursday it has negotiated a deal to buy land in and around historic Union Station for $75 million, giving the agency the right to develop real estate around the downtown transportation hub.
New toll road prices approved for truck drivers
Some drivers will soon see new rates along parts of the Texas toll system. The Texas Transportation Commission approved new, lower toll prices Thursday morning.
Report: Japan To Spend 110B to cut use of Chinese rare earth metals
The Nikkei reports that the Japanese government and private sector plan to invest ¥110 billion (US$1.3 billion) in efforts to reduce domestic industry’s dependence on rare-earth metal supplies from China by a third. Japan currently imports 90…
California ARB formally considers 28 proposed new lower-carbon transportation fuel pathways
The California Air Resources Board formally considered the first 28 proposals for new ways to make low carbon transportation fuels under California’s Low Carbon Fuel Standard (LCFS). (Earlier post.) Data related to the manufacture and production …
China BAK signs Li-ion high-power battery supply contract with Xidesheng Bicycle
China BAK Battery, Inc. was awarded a new contract to supply lithium-ion high-power batteries to leading e-bike manufacturer, XDS Shenzhen Xidesheng Bicycle Co., Ltd. in China. China BAK will supply 20,000 units of lithium-ion high-power batteries, whi…