26 Jun Oil Reaches 5-Week High on Biggest Drop in Stockpiles Since 2016 Oil rose to a five-week high as a huge drop in U.S. crude inventories bolstered the outlook for demand. Futures in New York climbed 2.7% June 26 after the U.S. Energy Information Administration said domestic stockpiles fell by 12.8 million barrels last week. Read more...
26 Jun Philadelphia Refinery Wrecked by Fire Set to Close The biggest refinery on the East Coast will shut down, after a massive explosion and fire crippled operations at a site that has helped fuel the region for 153 years. Read more...
26 Jun Fiscal 2020 Transportation Funding Bill Advances in US House Funding for highway safety programs and grants for infrastructure projects nationwide advanced in the U.S. House of Representatives on June 25. Read more...
26 Jun Bill Wehrum Departing EPA in Wake of Ethics Allegations A high-level U.S. Environmental Protection Agency official with responsibility for trucking policy on glider trucks, nitrogen oxide emissions and the Phase 2 Greenhouse Gas rule for heavy trucks is leaving the agency amid allegations that he violated federal government ethics rules. Read more...
26 Jun Unmanned Starsky Robotics Truck Navigates Florida Expressway Automated truck technology startup Starsky Robotics successfully completed its first unmanned test drive on a public highway June 16. Read more...
26 Jun Federal Drug Officials Weigh Whether to Add Testing for Fentanyl For the second time in about four years, Congress has asked drug agencies if federal workers, including truck drivers, should be tested for fentanyl, which is used legally for pain and illegally for its high. Read more...
26 Jun Goods-Trade Deficit Widens as Levies Rise on Chinese Items The U.S. merchandise-trade deficit widened in May to a five-month high amid a surge in imports after President Donald Trump’s decision to increase levies on $200 billion of items from China. Read more...
26 Jun Tesla Must Go ‘All Out’ to Set Deliveries Record, CEO Elon Musk Says Tesla Inc. could be on the verge of a quarterly record for vehicle deliveries, though the electric carmaker will need to go “all out” in the last few days of the month, CEO Elon Musk wrote in an internal memo. Read more...
26 Jun Trump Vows More Tariffs if No Progress Is Made on Trade Deal President Donald Trump said substantial additional U.S. tariffs would be placed on goods from China if no progress on a trade deal is made after his meeting with Chinese counterpart Xi Jinping at the G-20 Summit in Japan. Read more...
26 Jun Formerly of Alaska, Becky Nelson Scorches Record Florida Field to Win Grand Champion Title This year’s Florida Truck Driving Championships welcomed a record 279 competitors. Grand Champion Rebecca “Becky” Nelson of FedEx Express outdrove them all. Read more...