25 Jun Occidental Mulls Sale of Anadarko’s Western Stake Occidental Petroleum Corp. is seeking a buyer to take majority control of Western Midstream Partners LP, the pipeline operator that it’s poised to inherit through its takeover of Anadarko Petroleum Corp., according to people familiar with the matter. Read more...
25 Jun Port Officials Look to Keep Giant Cranes off Trump Administration Tariff List As America’s ports handle larger amounts of cargo from bigger container ships, the ports are in a building boom. But the cost of expanding could get more expensive if a Trump administration plan to impose 25% tariffs on ship-to-shore cranes manufactured only in China are implemented. Read more...
25 Jun Coalition Pushes for Federal Excise Tax Repeal on New Trucks A group of stakeholders is pushing for the congressional repeal of the federal excise tax on the sale of heavy-duty trucks and trailers. At a forum June 19, the Modernize the Truck Fleet coalition urged federal lawmakers to pass the Modern, Clean, and Safe Trucks Act of 2019. Read more...
25 Jun New-Home Sales Fall to Five-Month Low, Missing Estimates Sales of new U.S. homes fell to a five-month low in May, adding to signs of weakness in the sector despite lower mortgage rates. Read more...
25 Jun Nissan Approves New Board, Gives Renault Executives More Say Nissan Motor Co. shareholders voted in favor of a new board and director committees that are set to ease tensions with partner Renault SA as the companies chart a path forward for their two-decade-old alliance. Read more...
25 Jun An Asian Airline Will Start Testing Drones Capable of Hauling Tons of Cargo Delivering cargo to the furthest reaches of the world’s biggest archipelago has forever been a challenge. Indonesia’s biggest airline sees a solution in drones. Read more...
24 Jun Diesel Declines 2.7¢ to $3.043 a Gallon The U.S. average retail price of diesel dropped 2.7 cents to $3.043 a gallon, the Department of Energy reported June 24. Crude oil prices jumped more than 10% to more than $57 a barrel amid increased tensions in the Persian Gulf. Read more...
24 Jun Rhode Island's David Lumpkin Earns First Grand Champion Honor, but He’s Thinking About His Son The father-son duo of David Lumpkin and Stephen Lumpkin are returning to the National Truck Driving Championships, but David — the Rhode Island Grand Champion — is grateful that this time they'll be competing in different classes. Read more...
24 Jun Practice, and Pierogis, Propel Lesniowski to New Jersey Grand Champion Title WOODBRIDGE, N.J. — The Garden State’s trucking world has a new Grand Champion in Artur Lesniowski. Read more...
24 Jun Soybeans May Be Next Market to Surge as Wet Weather Drags On Corn prices have been on an epic run. Now, soybeans could soon be catching up. Read more...