Russian conflict

Business, Safety

Hero Sergey Bort: Striving to Aid Embattled Ukrainians

Sergey Bort Bort launched an initiative called Trucking & Logistics Professionals for Ukraine to raise awareness of the challenges facing Ukraine. (Courtesy of Sergey Bort)

When Russian military forces invaded Ukraine in February, Sergey Bort’s thoughts immediately turned to family.

Dan Ronan | Senior Reporter
October 28, 2022
Government, Business, Fuel

Oil Reserves Could Be Tapped to Head Off Winter Crisis

President Joe Biden President Joe Biden by Samuel Corum/Bloomberg News

Officials within President Joe Biden’s administration are hunting for ways to head off a feared spike in oil prices later this year, including the possibility of an additional release from the nation’s emergency crude reserves.

Saleha Mohsin | Bloomberg News
September 8, 2022
Government, Business, Fuel

Biden Tells US Oil Refiners Record Profits ‘Not Acceptable’

The BP Plc Whiting Refinery in Whiting, Ind. The BP Plc Whiting Refinery in Whiting, Ind. (Luke Sharrett/Bloomberg News)

President Joe Biden told U.S. oil refiners that unprecedented profit margins are unacceptable and called for “immediate action” to improve capacity as the soaring price of gasoline feeds record inflation and fears of a recession.

June 15, 2022
Government, Business, Safety, Logistics

De-Mining Ukraine’s Ports May Take Months

Ukraine port The Izmailskaya hopper barge moored at the Izmail Sea Commercial Port in the waters of the Kiliia River estuary of the Danube in Izmail, Ukraine. (Andrei Pungovschi/Bloomberg)

Removing sea mines near Ukraine’s key ports could take months, and hundreds of seafarers still are stranded in the region after Russia’s invasion of the country, according to the United Nations agency responsible for shipping safety.

Aine Quinn | Bloomberg News
June 9, 2022
Government, Business

Renault to Sell Russian Operations to Moscow

Moskvich cars Vintage Moskvich automobiles. Moscow's mayor says the city would bring back the Moskvich brand. (David Turnley/Corbis Historical/Getty Images via Bloomberg)

Russia will take control of French car manufacturer Renault’s operations in the country and resurrect a Soviet-era auto brand, officials said May 16, marking the first major nationalization of a foreign business since the war in Ukraine began.

May 16, 2022
Government, Business, Fuel

Biden’s Team Puts Up Over $3 Billion to Boost Battery Output

A bottle of nickel sulfate, right, on display at the InterBattery exhibition in Seoul, South Korea. A bottle of nickel sulfate, right, on display at the Electric Vehicle and Battery Expo in Seoul, South Korea, in March. About $3.16 billion in grants will be made available to produce key metals like nickel in the U.S. (SeongJoon Cho/Bloomberg News)

The Biden administration will spend more than $3 billion to support the domestic manufacturing of advanced batteries used in electric vehicles and energy storage, officials said May 2.

May 2, 2022
Business, Safety

Transportation Sector Rallies to Provide Help to Ukrainians


The transportation industry has stepped up to assist the people of Ukraine in the wake of Russia’s invasion of the country that triggered a refugee crisis.

Connor D. Wolf | Staff Reporter
April 22, 2022
Business, Equipment

Volvo Takes $423 Million Hit as Russia Business Halted

Volvo VNL Volvo VNL 760 (Volvo Trucks)

Volvo AB said Russia’s war in Ukraine has forced it to make provisions in the first quarter totaling $423 million that will have a negative impact on operating income.

Rafaela Lindeberg | Bloomberg News
April 8, 2022

Nations to Release Millions of Barrels of Oil Amid War

Fatih Birol Fatih Birol, executive director of the International Energy Agency, says events in Ukraine "are becoming more distressing by the day." (Simon Dawson/Bloomberg News)

PARIS — The International Energy Agency said April 7 that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine.

April 7, 2022
Government, Business, Technology

Russia War Could Further Escalate Auto Prices, Shortages

BMW logos Krisztian Bocsi/Bloomberg News

DETROIT — BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts.

Tom Krisher and Kelvin Chan | Associated Press
April 4, 2022