The U.S. and its allies are discussing a coordinated release of about 60 million barrels of oil from their emergency stockpiles after Russia’s invasion of Ukraine pushed crude prices above $100.
February 28, 2022Search
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BP Exits Stake in Russian Oil, Gas Company Rosneft
BP is exiting its share in Rosneft, a state-controlled Russian oil and gas company, in reaction to Russia’s invasion of Ukraine.
February 28, 2022ATA President Spear Gives Inside Look at Supreme Court Win
American Trucking Associations President Chris Spear in an exclusive interview for Transport Topics’ Newsmakers series shared behind-the scenes details on ATA’s decision to lead a challenge to the Biden administration’s proposed vaccine mandate for large companies.
February 25, 2022Key Inflation Gauge Hit 6.1% in January
WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1% in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine.
February 25, 2022Oil Pulls Back From $100 Amid Report That Putin Is Open to Talks
Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment.
February 25, 2022Rocky Mountain States to Team Up on Hydrogen Tech Proposal
CHEYENNE, Wyo. — Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the states’ governors announced Feb. 24.
February 25, 2022Biden Hits Russia With Sanctions, Says Putin ‘Chose’ War
President Joe Biden ordered broad new sanctions targeting Russia on Feb. 24 after its invasion of Ukraine, declaring that Russian leader Vladimir Putin “chose this war” and his country will bear the consequences.
February 24, 2022Biden Promotes Social Infrastructure
At his State of the Union on March 1, President Joe Biden is expected to promote aspects of a nearly $2 trillion social infrastructure budget that dominated Democrats’ agenda last year.
February 24, 2022Workforce Boards Offer Funds for Driver Training
A pair of Oregon trucking executives are on a mission to encourage motor carriers to follow their lead and join obscure local entities called workforce boards, which over the years have quietly distributed millions of dollars to train an array of skilled and unskilled workers, including truck drivers.
February 24, 2022TMC to Tackle Electrification in First Annual Meeting Since 2020
American Trucking Associations’ Technology & Maintenance Council plans to focus its annual meeting on electrifying performance in maintenance management.
February 24, 2022