On the day when the benchmark diesel price used for most fuel surcharges fell for the 13th time in 16 weeks, the futures market suggested this decline may have more room to run. The weekly Department of Energy/Energy Information Administration weekly average retail diesel price declined 4.8 cents a gallon to $3.828. It was the…
Shipping investors love trade disruptions, which generally boost freight rates. The mass diversions of container ships around the Cape of Good Hope are cheered by container shipping stock investors even as pundits and politicians warn of supply chain fallout for consumers and businesses. Tanker shipping investors look on in envy at container shipping chaos. Tankers,…
Cummins Inc. is spending $580 million to revamp a plant in Rocky Mount, North Carolina, to make fuel-agnostic small engines as part of its path to zero-emissions products by 2050. The engine versions come from a base engine with many common parts. Above the head gasket, the powertrains will have different components for different fuel…
The Manitoba government is promising $12 million to improve a highway intersection where a crash last year killed 17 people. The government has released an outside review of the intersection […]
On the day the legal battle between the founding family of Pilot Travel Centers and its current owner Berkshire Hathaway was to go to trial in Delaware, the two sides reached a settlement. In a brief statement released early Monday, a spokeswoman for the Haslam family said the two sides had reached a deal and…