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Government, Business, Fuel

Biden to Oil Industry: Don’t Raise Prices as Hurricane Nears

President Joe Biden speaks during the White House Conference on Hunger, Nutrition, and Health, in Washington President Joe Biden speaks during the White House Conference on Hunger, Nutrition, and Health, at the Ronald Reagan Building, Wednesday, Sept. 28, 2022, in Washington. (Evan Vucci/Associated Press)

President Joe Biden on Sept. 28 warned oil and gas companies against increasing prices for consumers as Hurricane Ian neared landfall along Florida’s southwest coast.

Aamer Madhani | Associated Press
September 28, 2022
Business, Logistics, For-Hire

FedEx Reports Declining Q1 FY 2023 Income

FedEx planes The company said its FedEx Express business unit will save between $1.5 billion and $1.7 billion by cutting the number of flights in the system and temporarily parking an unspecified number of aircraft. (FedEx Corp.)

FedEx Corp. said as the global economy slows, it is aggressively looking to reduce costs, and that it will raise rates across divisions in January.

Dan Ronan | Senior Reporter
September 28, 2022
Business, Technology, Equipment, Fuel

Ford Unveils Big, Gas-Fueled Pickup That’s Funding Its EV Future

Ford David Paul Morris/Bloomberg News

Ford Motor Co.’s redesigned F-Series Super Duty pickup may lack the sex appeal of the Mustang introduced earlier this month, but this hulking warhorse is critical to funding the automaker’s electric future.

Keith Naughton | Bloomberg News
September 28, 2022
Business, Technology, Equipment, Safety, Autonomous, Private

Amazon’s Robotaxi Arm Zoox Coming ‘Sooner Than People Expect’

Zoox Aicha Evans speaks about the status of Zoox. (David Paul Morris/Bloomberg News)

The chief executive officer of Zoox, Amazon.com Inc.’s self-driving unit, expects autonomous vehicles to be present in cities “sooner than people expect,” but stopped short of saying when her own company’s product would appear on roads.

September 28, 2022
Business, Equipment

Average Price Seesaws for a Used Truck in August

used truck lot Used trucks sit on a sales lot. (Ameritruck)

The average retail price in August of a used Class 8 vehicle was much higher compared with a year earlier but less than the month before, extending a trend, ACT Research reported.

Roger Gilroy | Senior Reporter
September 28, 2022
Business

Transport Topics Radio

Transport Topics Radio

Transport Topics Radio is a weekly news roundtable airing Saturdays on SiriusXM channel 146 from 1-3 p.m. ET and rebroadcast Saturday nights from 11 p.m.-1 a.m. ET, and Sundays from noon-2 p.m. ET and 9-11 p.m. ET. Check out this week's lineup.

September 27, 2022
Government, Business, Logistics

Rail Union That Rejected Deal Signs New Tentative Agreement

A Norfolk Southern freight train runs through a crossing in Homestead, Pa. A Norfolk Southern freight train runs through a crossing in Homestead, Pa. (Gene J. Puskar/Associated Press)

OMAHA, Neb. — A union that rejected its deal with the nation’s freight railroads earlier this month now has a new tentative agreement, but officials cautioned that the contract dispute won’t be fully settled until all 12 rail unions approve their agreements this fall.

Josh Funk | Associated Press
September 27, 2022
Business

West Coast Dockworker Talks Imperiled by Seattle Labor Dispute

The Port of Seattle in Seattle, Wash. The Port of Seattle in Seattle, Wash. (David Ryder/Bloomberg News)

A dispute over the assignment of work at a terminal in Seattle is casting a shadow on the outcome of talks to reach a new labor contract between 22,000 dockworkers at 29 U.S. West Coast ports and about 70 employers.

Augusta Saraiva | Bloomberg News
September 27, 2022
Government, Business, Logistics

North Dakota Is Creating Its First Combo Freight, Rail Plan

North Dakota highway Major truck routes on Interstates 29 and 94 connect U.S. commodity producers to Canada. (PhilAugustavo/Getty Images)

North Dakota is joining a handful of states that are merging their long-term freight and rail plans into a single document to maximize multimodal synergies and streamline federal reporting requirements.

Noël Fletcher | Staff Reporter
September 27, 2022
Business, Equipment, Logistics

West Coast Ports May Permanently Lose Volume Share to East Coast

Port of New York and New Jersey at daybreak The Port of New York and New Jersey at daybreak. The facility processed 843,191 containers in August, setting a record for the month. (JG Travels via YouTube)

For at least one month, August, the Port of New York and New Jersey was the busiest container port in the U.S. as it nudged ahead of longtime leader Port of Los Angeles in total 20-foot-equivalent units processed.

Dan Ronan | Senior Reporter
September 27, 2022

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