Government
Transport Topics government and regulatory coverage keeps managers of a highly-regulated industry aware of the policy decisions that can shape their businesses. Covering both the legislative and regulatory aspects of policy-making, at both the state and national levels, the news in this category includes looks at infrastructure, hours of service, emissions rules, funding measures, leadership appointments, and more. Readers can follow what’s happening in Congress, at the Department of Transportation and the Federal Motor Carrier Administration, and in state and local governments.
Secretary Pete Buttigieg Promotes Truck Parking
WASHINGTON — Following a hearing with House lawmakers, Secretary Pete Buttigieg said enhancing parking availability for commercial vehicles remains central to his department’s agenda.
OPEC Data Shows Oil-Cut Laggards Still Exceeding Limits
Key OPEC+ nations Iraq, Kazakhstan and Russia continue to pump above output limits intended to shore up global oil prices, the group’s data showed.
Kroger, Albertsons Unveil Stores to Be Divested Before Trial
Kroger Co. released the full list of stores, distribution centers and plants it plans to divest to secure regulatory approval for the proposed merger with Albertsons Cos.
Entek Poised to Get $1.2 Billion US Loan
The Biden administration is poised to lend $1.2 billion to Entek Lithium Separators to help expand the U.S. supply chain for lithium-ion batteries used in electric vehicles.
July 9, 2024Diesel Price Rises 5.2¢ to $3.865
The national average diesel price rose 5.2 cents to $3.865 in its fourth consecutive increase, according to Energy Information Administration data released July 8.
July 8, 2024Canadian Border Agency Staff Ratifies Labor Agreement
Unionized Canadian border agency staff members have ratified a tentative collective bargaining agreement.
Congressional Republicans Target EPA Rule
Senior congressional Republicans recently called on the Biden administration to abandon an emissions rule EPA issued earlier this year specific to the freight sector.
TSMC Hits $1 Trillion in Market Value on Relentless AI Rally
Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker.
July 8, 2024Devon to Buy Williston Basin Oil Assets in $5 Billion Deal
Devon Energy Corp. agreed to acquire the Williston Basin business of Grayson Mill Energy for $5 billion as consolidation continues in the U.S. oil patch.
Maersk Warns of Shipping Delays Due to Extreme Weather
A.P. Moller-Maersk A/S warned extreme weather conditions and a storm surge lashing the South African coast are expected to cause shipping delays.