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Government, Equipment

Five More Plead Guilty to Staged Accidents in New Orleans

New Orleans highway sign Staged accidents in the New Orleans area came to light in March 2019 for incidents involving two tractor-trailers in 2017. (travelview via Getty Images)

A total of five individuals have pleaded guilty to staging two accidents in the New Orleans area with tractor-trailers in 2017, and obtaining fraudulent financial settlements totaling more than $282,000.

Eric Miller | Senior Reporter
June 2, 2021
Government, Business, Fuel

American Travel Spree Proves Market Right to Be Bullish on Oil

Fuel Gasoline is delivered to a Shell station. (Daniel Acker/Bloomberg News)

From bustling U.S. airports to surging demand for gasoline, all signs from this past Memorial Day weekend reaffirm the oil market’s bet that Americans will be out traveling in force this summer.

June 2, 2021
Government, Business, Technology, Safety

JBS Poised to Reopen Most Meat Plants Hobbled by Cyberattack

JBS The JBS Beef Production Facility in Greeley, Colo. (Michael Ciaglo/Bloomberg News)

JBS SA, the world’s largest meat producer, has made “significant progress” to resolve the cyberattack that hit its global operations and will have the “vast majority” of its plants operational June 2.

June 2, 2021
Government, Fuel

Diesel Price Nearly Flat; Increase Is Only Two-Tenths of a Cent

Trucker filling up with gasoline A fuel truck driver checks the gas tank level at a United Oil station in in Los Angeles. The national average price for a gallon of gasoline rose seven-tenths of a cent to $3.027. (Damian Dovarganes/Associated Press)

The national average price of diesel barely moved this past week, inching up two-tenths of a cent, according to Energy Information Administration data released May 31.

Dan Ronan | Associate News Editor
June 1, 2021
Government, Business, Fuel

Oil Tops $70 a Barrel for First Time Since 2019

People fill vehicles with fuel at a Royal Dutch Shell gas station in Sumter, S.C. Customers fuel up at a Royal Dutch Shell gas station in Sumter, S.C. (Micah Green/Bloomberg News)

Oil resumed its advance, reaching the highest settlement in more than two years with the OPEC+ alliance forecasting a tightening global crude market and a nuclear deal with Iran still up in the air.

June 1, 2021
Government, Business, Safety

Biden, Capito to Meet as Infrastructure Deadline Looms

Sen. Shelley Moore Capito Sen. Shelley Moore Capito speaks at the Capitol as Sen. Barrasso (R-Wy., left). and Sen. Roy Blunt (R-Mo.) look on. (J. Scott Applewhite/Bloomberg News)

WASHINGTON — President Joe Biden is set to meet June 2 with West Virginia Sen. Shelley Moore Capito, the top Republican negotiator on infrastructure as the administration signals time is running out to strike a bipartisan deal on the White House’s big investment proposal and top legislative priority.

Lisa Mascaro | Associated Press
June 1, 2021
Government, Business, Technology

Former Rep. Loretta Sanchez Joins UTI Board

Universal Technical Institute announced the appointment of former U.S. Rep. Loretta Sanchez (D-Calif.) to serve on its board of directors.

June 1, 2021
Government, Business, Technology, Fuel

Cargill Backs Cow Masks to Trap Methane Burps

 A dairy cow fitted with a wearable methane reducing mask, developed by Zelp Ltd. A dairy cow fitted with a wearable methane reducing mask, developed by Zelp Ltd. (Hollie Adams/Bloomberg News)

Agriculture giant Cargill Inc. will start selling methane-absorbing wearable devices for cows, putting its support behind an experimental technology that could help the industry cut greenhouse gas emissions.

Agnieszka de Sousa | Bloomberg News
June 1, 2021
Government, Business, Equipment, Logistics, TCA

Pallet Makers Hit by Supply Shortages as Demand Rises

A forklift truck moves a stack of heat-treated wooden pallets. A forklift truck moves a stack of heat-treated wooden pallets. (Chris Ratcliffe/Bloomberg News)

In our worldwide economy, the humble pine pallet is the way that goods move around the globe. Demand for pallets is so great that American manufacturers churn out nearly 1 billion of them every year. And right now, it’s not enough.

John Reinan | Star Tribune
June 1, 2021
Government, Business

First-Class Stamp Will Cost 58¢ in USPS Rate Increase Plan

Letters showing canceled stamps Postage stamps on pieces of mail. (Luke Sharrett/Bloomberg)

The U.S. Postal Service plans to boost the price of a first class stamp to 58 cents from 55 cents as it works to stabilize finances amid slumping mail volume and lagging delivery.

Todd Shields | Bloomberg News
May 28, 2021

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