Category: News

Better front crash prevention technology in passenger cars could prevent 5,500 rear-end accidents with medium and heavy trucks, according to the Insurance Institute for Highway Safety.

LONDON — British oil giant BP said Jan. 17 its interim chief executive, Murray Auchincloss, will be given the job on a permanent basis to replace Bernard Looney.

The CEOs of two leading freight carriers said they expect Red Sea threats to disrupt shipping for weeks or months longer.

The global LNG tanker fleets appear to have stopped using the Red Sea and Suez Canal, as continued Houthi attacks on ships reroute flows of the power-station and heating fuel.

U.S. retail sales for medium-duty trucks rose 9.1% year-over-year in December while finishing 2023 some 8.4% higher than 2022’s full-year total, according to data from Wards Intelligence.

The national average diesel price rose for the first time in 2024, climbing 3.5 cents to $3.863 a gallon, according to Energy Information Administration data for the week ending Jan. 15.

The U.S. launched a new strike against the Yemen-based Houthis on Jan. 16, hitting anti-ship missiles in the third assault on the Iranian-backed group in recent days, the U.S. military said.

Trucking’s lingering freight recession, combined with a steep decline in spot market rates for carriers over the last 18 months, is tightening capacity, according to FMCSA data and FTR Intel.

Classes 5-8 electric truck maker Xos obtained a $48.5 million capital infusion from serial e-mobility investor ElectraMeccanica, the companies said.

New Jersey Gov. Phil Murphy is again pushing back on New York’s plan to charge motorists driving into Manhattan’s central business district, saying it violates the U.S. Constitution.