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Government, Business

Federal TIFIA Loan Will Aid Virginia Interstate

Port of Norfolk Port of Norfolk by J. Mallin/Bloomberg

The U.S. Department of Transportation has announced that it will provide a loan for up to $502.9 million for infrastructure projects along Interstate 64 in southeastern Virginia.

Eleanor Lamb | Staff Reporter
December 11, 2019
Government, Business, Fuel

Chevron’s LNG Exit Deals Fresh Blow to Canada’s Energy Industry

Chevron LNG The Chevron Corp. and Woodside Petroleum Ltd. Kitimat LNG site stands on the Douglas Channel. (Ben Nelms/Bloomberg News)

Abundant natural gas resources, an all-electric plant and just a nine-day hop to energy-hungry Asian markets were not enough to convince Chevron Corp. to pursue its Kitimat gas export project in western Canada, marking a further blow to the country’s beleaguered fossil fuel industry.

Kevin Crowley | Bloomberg News
December 11, 2019
Business, Breaking News

November Class 8 Sales Skid to Lowest Point in Almost Two Years

November Class 8 Sales Kenworth and Peterbilt trucks on Interstate 15 outside of Las Vegas. (John Sommers II for Transport Topics)

U.S. Class 8 retail sales in November fell 12.9% year-over-year, landing at the lowest point in almost two years, WardsAuto .com reported.

Roger Gilroy | Staff Reporter
December 11, 2019
Government, Business, Technology, Autonomous

San Francisco Wants to Require Permits for Transportation Tech Testing

Scooter in trash in San Francisco A man walks past an electric scooter that was dumped into a trash can in San Francisco. (Janie Har/AP)

SAN FRANCISCO — Tired of San Francisco streets being used as a testing ground for the latest delivery technology and transportation apps, city leaders are now requiring businesses to get permits before trying out new high-tech ideas in public.

Janie Har | Associated Press
December 11, 2019
Government, Business

Global, North American Demand for Air Cargo Drops

Air cargo Getty Images

Battered by trade wars, global demand for air cargo decreased by 3.5% in October compared to the same month in 2018, according to a Dec. 4 report by the International Air Transport Association of Geneva.

Jim Stinson | Staff Reporter
December 11, 2019
Government, Business

Europe Set for Move to Expand Trade Arsenal With Focus on Trump

containership A containership is loaded at the Port of Hamburg. (Krisztian Bocsi/Bloomberg)

European Union trade chief Phil Hogan on Dec. 12 will seek an upgrade to EU legislation on enforcing international commercial rules.

Jonathan Stearns | Bloomberg News
December 11, 2019
Business, Equipment

Fleets Can Get Quality Equipment, Financial Flexibility With Used Trucks

Ritchie Bros. bid catcher A bid catcher takes bids during an auction at Ritchie Brothers in Fort Worth, Texas. (Ritchie Bros. Auctioneers)

Motor carriers that typically purchase new trucks sometimes find themselves in situations where it is expedient to buy used trucks.

Stephen Bennett | Special to Transport Topics
December 11, 2019
Business, Fuel

Exxon Mobil Prevails in Lawsuit Over Climate Regulations

Exxon pump Rogelio V. Solis/AP

NEW YORK — Exxon Mobil won Dec. 10 in a closely watched lawsuit over the costs of climate change, with a judge saying there was no proof the energy giant duped investors about the toll that regulations could take on its business.

Jennifer Peltz | Associated Press
December 11, 2019
Government, Business, Fuel

November US Consumer Prices Up 0.3% on Rising Energy Costs

food shoppers John Locher/AP

WASHINGTON — Higher energy prices lifted U.S. overall consumer prices in November.

Paul Wiseman | Associated Press
December 11, 2019
Government, Business, Technology, Equipment, Safety, Fuel

Audit Finds Proposed EPA Glider Rule Repeal Skipped Legal, Health Analyses

Glider Rule A Peterbilt on display at the Fitzgerald Glider Kits booth during an industry show. (John Sommers II for Transport Topics)

A new report by the Environmental Protection Agency Inspector General determined that former agency Administrator Scott Pruitt failed to follow legal and public health safeguards in 2017 when he proposed to repeal an Obama-era regulation limiting the number of glider trucks that could be manufactured annually.

Eric Miller | Staff Reporter
December 11, 2019