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Business, Fuel

US Diesel Stockpiles Swell as Global Fuel Demand Falters

A tanker truck sits parked at a diesel fuel pump in Princeton, Ill., in April 2020. A tanker truck sits parked at a diesel fuel pump in Princeton, Ill., in April 2020. (Daniel Acker/Bloomberg News)

The world’s appetite for U.S. diesel is falling, leaving stockpiles of the fuel at their highest level since early October.

Jeffrey Bair | Bloomberg News
January 13, 2021
Business, Logistics, Top 100

Recent Acquisitions Bode Well for Trucking in 2021

Bison, Black Horse Bison Transport (left) and Black Horse Carriers

Several recent acquisitions are signaling a robust 2021 for trucking.

Connor D. Wolf | Staff Reporter
January 13, 2021
Business, Equipment, Breaking News

December Class 8 Sales Reach High Mark for 2020, Down 7.4% Compared With 2019

Kenworth trucks on a sales lot Kenworth trucks on a sales lot. Year-to-date sales were 191,900, down 30.6% compared with 276,348 a year earlier. (John Sommers II for Transport Topics)

U.S. Class 8 retail sales in December cleared 21,000 to reach the high mark for the year, but were off 7.4% from a year earlier, WardsAuto .com reported.

Roger Gilroy | Senior Reporter
January 13, 2021
Government, Business

Schumer Asks Biden to Push for More Than $1.3 Trillion Stimulus

Senate Minority Leader Chuck Schumer speaks during a news conference at the Capitol on Jan. 6. Senate Minority Leader Chuck Schumer speaks during a news conference at the Capitol on Jan. 6. (Ting Shen/Bloomberg News)

Incoming Senate Majority Leader Chuck Schumer has pressed President-elect Joe Biden to propose more than $1.3 trillion in spending for his initial round of COVID-19 relief, according to a person familiar with the matter.

January 13, 2021
Government, Business, Safety

COVID-19 Vaccine Key to Restoring Economic Stability, Experts Say

Colorado Gov. Jared Polis signs for FedEx vaccine delivery Colorado Gov. Jared Polis signs for delivery of the state's first shipment of Pfizer's COVID-19 vaccine Dec. 14, 2020. An estimated 36% of the 27.7 million doses distributed in the U.S. have been administered. (David Zalubowski/Associated Press)

The incoming Biden administration faces a U.S. economy that appears to be slowing as COVID-19 cases surge.

Dan Ronan | Associate News Editor
January 13, 2021
Government, Business, Fuel

Saudis Curb Oil Supply to Some Buyers After Vow to Pump Less

The Gemini Star oil tanker, owned by a subsidiary of Saudi Aramco, is seen with a tug boat. The Gemini Star oil tanker, owned by a subsidiary of Saudi Aramco, is seen with a tug boat. (Dana Smillie/Bloomberg News)

Saudi Arabia reduced crude oil supplies to at least 11 refiners in Asia and most buyers in Europe after the kingdom volunteered to cut its production by 1 million barrels a day for February and March.

January 13, 2021
Government, Business

US Core Consumer-Price Gauge Cools Slightly From Prior Month

Shoppers walk through the Easton Town Center Mall in Columbus, Ohio. (Luke Sharrett/Bloomberg News) Shoppers walk through the Easton Town Center Mall in Columbus, Ohio. (Luke Sharrett/Bloomberg News)

A key measure of prices paid by U.S. consumers cooled in December from a month earlier as slack in the labor market and muted demand helped keep inflation pressures tame.

Reade Pickert | Bloomberg News
January 13, 2021
Business, Technology, Fuel

Paccar Parts Begins Selling Electric Vehicle Chargers

Paccar Paccar electric charger with Kenworth K270E and Peterbilt 220EV trucks. (Paccar)

Paccar Parts announced it is making available to customers electric vehicle charging stations designed to be compatible with Paccar Inc.’s Kenworth Truck Co., Peterbilt Motors Co. and DAF electric trucks.

Roger Gilroy | Senior Reporter
January 13, 2021
Government, Business

Wisconsin DOT Allocates $131.4 Million for Local Governments

Wisconsin highway Traffic on I-39/90 during a road project. (Wisconsin DOT)

The Wisconsin Department of Transportation recently announced $131.4 million in funding has been distributed to communities across the state.

Eleanor Lamb | Staff Reporter
January 13, 2021
Government, Business, Safety

Substantial Investments Needed for Infrastructure, ASCE Report Says

TransAm Trucking truck on bridge A TransAm Trucking vehicle crosses an Interstate 40 overpass in Del City, Okla. (Oklahoma Department of Transportation)

Failure to invest in long-term infrastructure upgrades will likely result in trillions of dollars in lost business productivity, ASCE said in a new report.

Eugene Mulero | Senior Reporter
January 12, 2021

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