The U.S. average retail price of diesel dropped 0.7 cent to $2.976 per gallon, the Department of Energy reported Sept. 3, as the price of crude dropped 2% amid the ongoing U.S.-China trade dispute. The price of diesel has fallen for eight consecutive weeks since July 15, when trucking’s main fuel cost $3.051 per gallon.
Archive for September 5th, 2019
The Federal Motor Carrier Safety Administration has issued a proposed rule that would continue to reduce commercial vehicle registration fees in 2020 and 2021, the agency said in a Federal Register announcement on Aug. 27.
The U.S. economy grew at a modest pace through much of July and August, with companies remaining upbeat despite disruption caused by international trade disputes, a Federal Reserve survey found.
China’s Commerce Ministry says talks with the United States on ending their tariff war will take place in early October in Washington, later than previously planned.
Look out Roku, Amazon’s Fire TV streaming system is coming to more products than ever. The retail giant just dropped 15 new Fire TV-equipped gadgets on attendees at the IFA show in Berlin. Most of them are televisions destined for Europe and the UK — including the first OLED TV with Fire TV, which will […]
Apple’s recent iPhone lineup has been all-in on its Face ID facial recognition system, which took over as the authentication system of choice following the iPhone X’s introduction in 2017. While that might not be going away, it now appears that fingerprint recognition is set to make a comeback.
A tariff exclusion request for intermodal chassis from China has been welcomed by U.S. fleets and leasing companies, but the request is pitting some US trailer manufacturers against the biggest chassis builder in the industry. The Section 301 exclusion request by the American Trucking Associations was posted August 15, and the comment period closed August 29.
The agency responsible for the health of the U.S. maritime sector will be considering the role that labor and politics play in automating port operations. In comments submitted to the U.S. Maritime Administration (MarAd), Daniel Reiss, president of Automated Terminal Systems (ATS), said that it’s a mistake for terminal operators and port authorities to appease […]
A gauge of U.S. manufacturing from the Institute for Supply Management showed the sector contracted in August, its first decline since 2016. The ISM U.S. manufacturing Purchasing Managers’ Index fell to 49.1% in August, the lowest reading in more than three years. Any reading below 50% signals a contraction.
After selling its stake in Beyond Meat in the spring, Tyson Foods’ next bet is on plant-based shellfish. Tyson Ventures, the venture capital arm of the meat processing company, is investing in New Wave Foods. Tyson Ventures CFO Tom Mastrobuoni declined to discuss the financial terms of deal but said that Tyson took a minority […]