US Revises Down Last Quarter’s Economic Growth to 2.6% Rate
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 Change
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.
BNSF Train Derailment in Minnesota Prompts Evacuations
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.
How Government Incentives Drive Electric Truck Adoption
President Joe Biden has made proliferation of electric vehicles a focus of his administration, with the commercial transportation industry playing a key role.
DOT Focuses on Strategic Investments in Supply Chain
WASHINGTON — Department of Transportation leaders want to make strategic federal investments in infrastructure projects to increase supply chain resiliency and enhance the economy.
Nikola Could Score $1 Million a Day in Hydrogen Incentives
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 Considers Infrastructure Reality
Electric truck market growth is poised to accelerate even as infrastructure constraints hinder that trajectory, according to experts.
$264 Million Offered for Gulf Oil Under Climate Compromise
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 Opens New Cross-Border Facility in Texas
RXO celebrated the grand opening of its newest cross-border facility in Laredo, Texas, the company announced March 29.
Elon Musk, Scientists Call for Pause in AI Race
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.