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Schneider Q2 Profit Slumps as Intermodal, Logistics Revenue Falls

Schneider National profit in the second quarter of 2024 slumped 54% as price increases failed to arrive as early as the carrier expected and ongoing freight market weakness saw intermodal and logistics revenue decline.

August 2, 2024
GovernmentBusinessFuel

OPEC Kept Oil Output Steady in July

OPEC kept oil production broadly steady in July while it cautiously monitors the impact of its latest cutbacks on global markets.

August 2, 2024
GovernmentBusinessEquipmentFuel

US Trucking Embraces Renewable Diesel for Cleaner Operations

Renewable diesel as a drop-in fuel for diesel combustion engines is starting to gain traction in the U.S. trucking industry, said suppliers, distributors and federal energy researchers.

August 2, 2024
GovernmentBusinessSafety

NTSB Wants to Replace Weak Railroad Tank Cars

The fiery North Dakota derailment that burned for days early last month was the latest train crash to involve the flawed tank cars that the NTSB has been trying to get off the tracks for decades.

August 2, 2024
BusinessTechnologyEquipmentFuel

Future of Combustion Engines Promises Efficiency, Green Fuels

Advanced researchers and engine makers say the internal combustion engine’s ability to be more efficient and run on greener fuels means an extended life.

August 2, 2024
GovernmentBusinessFuel

Chevron to Quit California for Texas After Warning on Rules

Chevron Corp. is relocating headquarters to Houston from California after repeatedly warning that the Golden State’s regulatory regime was making it a tough place to do business.

August 2, 2024
BusinessFuel

Exxon Mobil Profit Rises on Pioneer Acquisition

Exxon Mobil recorded one of its largest Q2 profits in a decade on surging quarterly production from oil and gas fields, as well its $60 billion acquisition of Pioneer Natural Resources.

August 2, 2024
BusinessTechnologyFuel

NACFE Report Explores Fleets Fueling With Natural Gas

The North American Council for Freight Efficiency produced a confidence report to assist fleet decision-makers in making informed choices on whether to switch to natural gas fuel. 

August 2, 2024
GovernmentBusiness

US Employers Added Just 114,000 Jobs in July

WASHINGTON — U.S. hiring decelerated sharply last month in the face of high interest rates as employers added an unexpectedly weak 114,000 jobs.

August 2, 2024
BusinessLogisticsPrivateGlobal Freight

Amazon Reports Boost in Quarterly Profit to $13.5 Billion

Amazon reported a boost in its quarterly profits Aug. 1, but the company missed revenue estimates, sending stocks lower in after-hours trading.

August 1, 2024

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