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LNG Exporter Venture Global Files for IPO
Venture Global Inc., one of the biggest suppliers of liquefied natural gas in the U.S., filed for what could be one of the largest initial public offerings of 2025.... Read more
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NHTSA Issues Final Rule Authorizing Whistleblowers
Any current or former employee or contractor of a vehicle manufacturer, part supplier or dealership may be a whistleblower, NHTSA said.... Read more
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Chris Purcell Wins Grand Champion Title at Rush Skills Rodeo
SAN ANTONIO — For the second time, Chris Purcell was named Grand Champion at the Rush Enterprises Tech Skills Rodeo. He also captured the annual competition’s top prize in 2021.... Read more
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VW Deal for 120,000 Workers Avoids Layoffs, Plant Closures
FRANKFURT, Germany — Volkswagen and its employee representatives said they reached a wage deal for 120,000 German workers that avoids plant closings and bars involuntary layoffs through 2030.... Read more
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FMCSA Panel Calls for Solutions to Truck Parking Crisis
A Federal Motor Carrier Safety Administration advisory committee met for five hours Dec. 17 to recommend best practices to increase safe parking for truck drivers seeking rest.... Read more
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Hyzon to Begin Layoffs in February Without More Funds, Buyer
Hyzon expects to start laying off U.S. employees in February if the hydrogen fuel cell electric truck maker cannot raise more funds or find a buyer, the company said Dec. 20.... Read more
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Inflation Slows, Boosting Hopes for Deeper Rate Cuts in 2025
The so-called core personal consumption expenditures price index, which excludes food and energy items, increased 0.1% from October and 2.8% from a year earlier.... Read more
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Consumer Sentiment Up for Fifth Straight Month in December
The final December sentiment index increased to 74 from 71.8 last month, according to the University of Michigan. The median estimate in a Bloomberg survey called for a reading of 74.2.... Read more
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House Scrambling as Government Shutdown Approaches
People familiar with the negotiations told Fox News and NBC that a vote was possible soon although it’s uncertain whether Speaker Mike Johnson can secure the necessary votes.... Read more
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China Races to Ship Batteries to US Before Tax Changes
Shipments of lithium-ion batteries to the U.S. jumped by 27% to $1.9 billion in November from a year earlier. The export tax rebate for batteries was cut to 9% from 13%.... Read more
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Walmart Joins Growing List of Firms Scaling Back Climate Goals
Prior pledges to reduce operational greenhouse gas emissions by 65% by 2030 and 35% by 2025 are probably not achievable, and the company will consider reviewing its climate targets in 2025.... Read more
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Trump to EU: Buy More US Gas or Prepare for Tariffs
Trump said on Truth Social that if the European Union does not up its imports, "it is TARIFFS all the way!!!" The US goods and services trade deficit with the EU was $131.3 billion in 2022.... Read more
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FedEx Details Planned Changes During Q2 2025 Earnings
The Memphis, Tenn.-based transportation services company on Dec. 19 reported net income of $740 million, or $3.03 a diluted share, for the three months ending Nov. 30.... Read more
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Congress Passes National Defense Authorization Act
Congress recently cleared for President Joe Biden’s desk its annual defense policy bill, which includes trucking-centric provisions.... Read more
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Trump, GOP Strike Deal to Avert Shutdown, Raise Debt Limit
It isn’t clear whether congressional Democrats or the White House have agreed to the latest package. House Republicans plan to vote on it Dec. 19.... Read more
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FedEx to Spin Off $30 Billion Freight Unit
FedEx said it plans to spin off its freight division into a separate publicly traded company, a move that will advance Chief Executive Officer Raj Subramaniam’s push to streamline the giant.... Read more
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Court to Rule on TuSimple Governance, Cash Pile Fate in Q1
The Delaware Chancery Court ruled that TuSimple co-founder and former CEO Xiaodi Hou’s challenge to board selections and governance changes had enough merit to win the court’s time.... Read more
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Amazon Workers Strike at Seven Facilities Nationwide
The Teamsters said the workers, who voted to authorize strikes in recent days, joined picket lines after Amazon ignored a Dec. 15 deadline the union set for contract negotiations.... Read more
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Congress Clears TSA Clearance Bill for Truckers
Legislation designed to facilitate commercial drivers’ applications for security credentials was recently cleared by Congress for President Joe Biden’s desk.... Read more
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Biden’s Climate Goal Seeks 60% Emissions Cut by 2035
Biden said the new goal keeps the U.S. on track to achieve net-zero greenhouse gas emissions economy-wide by 2050. It calls for reducing net emissions by 61% to 66% below 2005 levels in 2035.... Read more
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Trailer Orders Slip 4% Year Over Year in November
U.S. trailer orders experienced another month trending below the year-ago results in November, ACT Research reported.... Read more
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Several States Targeted Predatory Towing in 2024
New laws to curb predatory towing practices were passed in five states in 2024, aiming to curtail abusive financial practices targeting ordinary motorists and commercial drivers alike.... Read more
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TT Podcasts: RoadSigns
Experts from Sailun Tires dive into strategies for managing tire expenses amid a challenging freight market.... Read more
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Trucking Grapples With Economy, Lawsuits, EV Rules in 2024
In 2024, trucking navigated infrastructure investments and lingering economic challenges. Pressing concerns were truck parking shortages, legal battles and nuclear jury verdicts.... Read more
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Rivian Deal Quietly Paves Path for UAW Once Profitable
Under Rivian and the UAW’s confidential pact, the automaker would adopt a neutral stance toward efforts to organize workers at its Illinois factory where its vehicles are made.... Read more