News

WASHINGTON — The U.S. economy maintained its resilience from October through December despite rising interest rates, growing at a 2.6% annual pace. 

The world’s most important oil price is about to be transformed, allowing crude supplies from West Texas to help determine the price of millions of barrels a day of petroleum transactions.

A train hauling ethanol and corn syrup derailed and caught fire in Minnesota early March 30, and nearby residents were ordered to evacuate their homes, authorities said.

President Joe Biden has made proliferation of electric vehicles a focus of his administration, with the commercial transportation industry playing a key role.

WASHINGTON — Department of Transportation leaders want to make strategic federal investments in infrastructure projects to increase supply chain resiliency and enhance the economy.

If electric vehicle company Nikola can get its hydrogen fuel cell trucks and filling station network operable, the company could pull in hundreds of millions a year from federal incentives.

Electric truck market growth is poised to accelerate even as infrastructure constraints hinder that trajectory, according to experts.

NEW ORLEANS  — Oil companies offered a combined $264 million for drilling rights in the Gulf of Mexico on March 29 in a sale mandated by last year’s climate bill compromise.

RXO celebrated the grand opening of its newest cross-border facility in Laredo, Texas, the company announced March 29.

Artificial intelligence experts and industry leaders, including Tesla CEO Elon Musk, are calling on developers to hit the pause button on training powerful AI models.