About 51,000 motor carriers had received common or contract carrier authority through June, making 2021 likely to surpass 2020’s calendar-year record of 59,000, according to transport consultancy FTR. The company’s data was drawn from FMCSA…
U.S. Department of Transportation (USDOT) Secretary Pete Buttigieg announced in late June that the Biden-Harris administration plans to award $905.25 million to 24 projects in 18 states under the Infrastructure for Rebuilding America (INFRA) discretionary…
The nation’s largest truckload carrier, Knight-Swift Transportation, announced recently it had acquired less-than-truckload (LTL) carrier AAA Cooper Transportation in a transaction with an enterprise value of $1.35 billion. AAA Cooper is expected to generate full-year…
Chevron and Cummins announced they will form an alliance to develop commercially viable business opportunities in hydrogen and other alternative energy sources. The two companies entered into a memorandum of understanding, which provides the framework…
CSX Corp. completed its acquisition of Quality Carriers, Inc. in early July. Quality Carriers is the leading North American provider of bulk liquid chemicals truck transportation. CSX acquired the carrier from Quality Distribution, Inc. Financial…
The Nebraska Corn Board (NCB) provides infrastructure grants to fuel retailers and supports local ethanol expansion within the state. To complement its work, NCB recently announced it is boosting ethanol demand in population-dense areas, like Calif…
Chief Industries Inc., a company that operates two ethanol plants in Nebraska, announced last month it had entered into an agreement with Catahoula Resources to jointly develop carbon capture and sequestration (CSS) within the state…
The Renewable Fuels Association recently thanked Sens. Amy Klobuchar (D-Min.) and Joni Ernst (R-IA.) for introducing two new bills that would stimulate increased production of flex-fuel vehicles (FFVs) and expand retail infrastructure to enhance consumer…
As the world begins to recover from the COVID-19 pandemic in most areas, the demand for oil and gas has increased exponentially. Prices have risen, demand is strong from the transportation industry, and consumers are…
Uber Freight announced last month it is acquiring Transplace for about $2.25 billion, saying the move will create one of the leading logistics technology platforms, with one of the largest and most comprehensive managed transportation…
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