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Government, Business, Fuel

Oil Refiners Say Shift in Biofuel Quotas Will Raise Diesel Costs

A person holds a fuel pump nozzle at a Chevron Corp. gas station

The Biden administration sought to thread the needle between warring oil and renewable fuel interests Dec. 7 by proposing modest quotas for the use of plant-based fuels while moving to block exemptions for dozens of oil refineries.

December 7, 2021
Business, Technology, Logistics

Amazon Web Outage Affects Delivery Operation

 Flex workers load vehicles with orders at an Amazon delivery station in Dallas

An Amazon Web Services outage is wreaking havoc on the e-commerce giant’s delivery operation, preventing drivers from getting routes or packages and shutting down communication between Amazon and the thousands of drivers it relies on, according to four people familiar with the situation.

Spencer Soper | Bloomberg News
December 7, 2021
Government

USDOT Nominees Await Action in Senate

Meera Joshi

Nominees for senior roles at the U.S. Department of Transportation continue to await consideration before the U.S. Senate.

Eugene Mulero | Senior Reporter
December 7, 2021
Business, Fuel

New Pilot Travel Center Opens in Missouri

Pilot Travel Center in Virginia

Pilot Co. opened a travel center location in Faucett, Mo., the company announced Dec. 6.

December 7, 2021
Government, Safety

Biden Vaccine Mandate for Federal Contractors Blocked

COVID vaccine illustration

A federal judge in Georgia has blocked the Biden administration’s nationwide mandate for federal contractors’ employees to be vaccinated amid a slew of challenges from states that say the president overstepped his authority in requiring the COVID-19 shots.

Erin Mulvaney | Bloomberg News
December 7, 2021
Government, Business

US Might Need to Produce More of Its Own Goods, Yellen Says

Treasury Secretary Janet Yellen

Treasury Secretary Janet Yellen said that U.S. reliance on foreign supply chains has proved a vulnerability and that the country needs to produce more critical goods domestically to protect its economic and national security.

Christopher Condon | Bloomberg News
December 7, 2021
Business, Technology, Equipment, Autonomous

Daimler, Waymo Outfitting Custom Chassis for Autonomous Driving

Daimler SAE Level 4 technology diagram

Daimler reported a custom Class 8 chassis specifically intended to support SAE Level 4 driving is being outfitted through its partnership with the autonomous technology company Waymo.

Roger Gilroy | Senior Reporter
December 7, 2021
Business, Equipment, Safety, Logistics

NACPC Acquires Pratt Industries, Will Build Its Own Chassis

Pratt chassis

The North American Chassis Pool Cooperative on Dec. 6 acquired the Bridgman, Mich.-based chassis manufacturer Pratt Industries Intermodal Chassis from the Nashville-based private equity firm LFM Capital.

Dan Ronan | Associate News Editor
December 7, 2021
Government, Business, Technology, Fuel

Musk Not a Fan of Biden’s Build Back Better Act

Tesla CEO Elon Musk

Tesla Inc.’s Elon Musk spoke out in opposition to President Joe Biden’s signature economic package, questioning the need for legislation that would support electric car adoption due to concerns government spending is out of control.

Dana Hull and Sarah McBride | Bloomberg News
December 7, 2021
Business, Technology, Fuel, Autonomous

LG Energy Seeks Up to $10.8 Billion in Record IPO

LG battery cell

LG Energy Solution plans to raise as much as $10.8 billion in what would be South Korea’s biggest-ever initial public offering, defying concerns over fires involving its batteries that led to a mass recall of Chevrolet Bolt electric vehicles.

Heejin Kim and Shinhye Kang | Bloomberg News
December 7, 2021
Business, Technology, Autonomous

Intel to Take Mobileye Unit Public in 2022 IPO

Mobileye exhibit

Intel Corp. plans to list shares of its Mobileye self-driving car business by the middle of next year, letting the chipmaker capitalize on its investment in a burgeoning industry.

Ian King | Bloomberg News
December 7, 2021
Business, Technology, Autonomous

Stellantis Wants to Outfit Cars With AI to Drive Up Revenue

Stellantis HQ

MILAN — Carmaker Stellantis announced a strategy Dec. 7 to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in 20 billion euros ($22.6 billion) in annual revenue by 2030.

December 7, 2021
Government, Business

Trade Deficit Narrows in October as Exports Rebound

containers at China port

WASHINGTON — The U.S. trade deficit narrowed to $67.1 billion in October, the lowest in six months, after hitting a record high in September.

Martin Crutsinger | Associated Press
December 7, 2021
Government, Fuel

Diesel Falls 4.6¢ to $3.674 a Gallon

Fuel delivery at a service station

The national average price for diesel slipped 4.6 cents to $3.674 a gallon, according to Energy Information Administration data released Dec. 6.

December 6, 2021
Business, Technology

ERoad Bolsters North American Presence With Coretex Acquisition

ERoad and Coretex

New Zealand-based ERoad announced Dec. 1 that it has closed the acquisition of the telematics solutions provider Coretex Limited.

December 6, 2021
Government, Business, Safety

USDOT Approves TIFIA Loan for Chesapeake Bay Bridge Tunnel Project

Chesapeake tunnel

A tunnel project critical to the Virginia Beach region’s mobility grid is receiving a boost from the federal government.

Eugene Mulero | Senior Reporter
December 6, 2021
Government, Business, Technology, Fuel

EV Maker Lucid Reveals SEC Investigation

Lucid headquarters

Lucid Group Inc. disclosed it has become the latest electric vehicle maker to come under U.S. investigation following a merger with a blank-check company, sending its shares plummeting.

December 6, 2021
Government, Business, Fuel

Exxon Pledges to Zero Out Some Permian Basin Emissions by 2030

Exxon station

ExxonMobil Corp. pledged to zero out some greenhouse gas emissions in North America’s biggest oilfield by the end of the decade.

Joe Carroll | Bloomberg News
December 6, 2021
Government

Senate Sprints to Legislative Finish as DeFazio Era Ends Next Year

Capitol Agenda by Eugene Mulero

The end-of-the-year congressional rush is officially here. Democrats in the majority in the Senate are considering a nearly $2 trillion House-passed social infrastructure budget package that Majority Leader Chuck Schumer (D-N.Y.) intends to wrap up by Christmas. Here's your Capitol Agenda look at...

December 6, 2021
Business, Technology, Logistics

DoorDash Forms DashCorps to Employ Couriers for NYC Deliveries

DoorDash bag

Starting Dec. 6, DoorDash is offering grocery delivery in 15 minutes or less in the Chelsea neighborhood in New York.

Dee-Ann Durbin | Associated Press
December 6, 2021