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John Kingston

John has an almost 40-year career covering commodities, most of the time at S&P Global Platts. He created the Dated Brent benchmark, now the world’s most important crude oil marker. He was Director of Oil, Director of News, the editor in chief of Platts Oilgram News and the “talking head” for Platts on numerous media outlets, including CNBC, Fox Business and Canada’s BNN. He covered metals before joining Platts and then spent a year running Platts’ metals business as well. He was awarded the International Association of Energy Economics Award for Excellence in Written Journalism in 2015. In 2010, he won two Corporate Achievement Awards from McGraw-Hill, an extremely rare accomplishment, one for steering coverage of the BP Deepwater Horizon disaster and the other for the launch of a public affairs television show, Platts Energy Week.
Sep - 2024 -
04 September
John Kingston

Appeal of Werner nuclear verdict will be heard by Texas Supreme Court

The Texas Supreme Court will hear an appeal by Werner Enterprises in a long-running, $100 million nuclear verdict case.

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03 September
John Kingston

Benchmark diesel price drops a little; oil futures markets drop a lot

The drop in the benchmark retail diesel price is a lot smaller than what is going on in futures markets.

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Aug - 2024 -
27 August
John Kingston

Benchmark diesel price down for seventh consecutive week

The benchmark diesel price used for most fuel surcharges fell for the seventh straight week.

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John Kingston

Lender BMO’s Q3 numbers show even more trucking credit deterioration

BMO’s transportation group, a big lender to trucking, showed even more third-quarter credit deterioration in the sector.

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23 August
John Kingston

Teamsters say NLRB decision undercuts Amazon delivery ownership model, could boost unionization

A regional decision by the National Labor Relations Board undermines Amazon’s delivery service partner model and will force greater recognition of unionized workers by the retail giant across the country, according to the Teamsters union.

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John Kingston

Supply Chain Council adds new executive, looks beyond California

The Supply Chain Council has extended its executive team and plans to be a national rather than “California-first” organization.

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22 August
John Kingston

End of an era: California Trucking Association dropping appeal against AB5

The California Trucking Association is ending its long-fought legal battle against the state’s AB5 independent contractor law.

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21 August
John Kingston

CSX, well before a deadline, cuts a deal with several of its unions

Eastern U.S. railroad operator CSX has reached a deal with several of its unions well before a deadline.

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John Kingston

Transportation/warehouse job figures for 2024 rise after annual adjustment

The annual BLS benchmark adjustment used to determine employment levels moved up for transportation, unlike most of the economy.

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John Kingston

Ryder and Terminal tout success of AI-based yard traffic-monitoring pilot

RyderVentures invested in AI system developer Terminal Industries last year; now the companies say they’re getting highly accurate check-in and monitoring with Terminal technology at one of Ryder’s warehouse yards in California.

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20 August
John Kingston

Logistics deals can still get done, Tenney Group head says

Though most logistics companies are operating with reduced revenue and earnings, deals in the sector have not ground to a halt. One recent deal was significant enough that the Tenney […]

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19 August
John Kingston

No war for now brings another drop in benchmark diesel price

The price used for most diesel surcharges dropped for the sixth consecutive week.

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16 August
John Kingston

Court decision impacting Illinois could snare any carrier crossing the state

A federal court decision on an Illinois employment law could pose a legal threat to carriers well beyond the state’s borders.

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15 August
John Kingston

Brokerage acquires truckload and LTL carrier, forming Southeast-focused BRW

BRW has been created through an acquisition as a combined brokerage and truckload and LTL carrier.

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14 August
John Kingston

ATA chief rips OOIDA stance on Biden independent contractor rule

ATA and OOIDA are at odds in a very public way over the Biden administration independent contractor rule.

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12 August
John Kingston

Benchmark diesel price drops for a fifth week, but higher prices loom

The benchmark price of diesel used for most fuel surcharges fell for the fifth straight week.

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John Kingston

Oppenheimer analysts see fertile ground for Jacobs’ plans at new venture QXO

QXO, the latest venture by Brad Jacobs, has a strong opportunity in building products distribution, according to an Oppenheimer & Co. report.

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09 August
John Kingston

Newly public Proficient has strong Q2, makes first post-IPO acquisition

Proficient Auto Logistics, the auto hauler that went public in May, has made its first acquisition since its IPO.

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John Kingston

OOIDA appeal: AB5 will kill off lease drivers, raising Commerce Clause issues

OOIDA, in its appeal in California’s AB5 independent contractor law case, raised the law’s B2B exemption as an issue.

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07 August
John Kingston

RXO points to bright spots even as soft freight market persists

RXO did not see significant improvement in its key financials, but it highlighted where things were better.

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John Kingston

NFI CEO Brown pleads not guilty in New Jersey political corruption case

The CEO of truckload carrier NFI pleaded not guilty in a New Jersey political corruption case.

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John Kingston

Bestpass acquiring Drivewyze in expansion of FreightTech offerings

Bestpass-Fleetworthy Solutions, known primarily for its toll management services, is acquiring weigh station bypass company Drivewyze and signals that more acquisitions are ahead.

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John Kingston

First look: RXO’s Q2 revenue declined, but gross margin improved

3PL RXO saw its revenue decline in the second quarter, but gross margin was higher.

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06 August
John Kingston

Uber Freight EBITDA still in the red, and revenue continues to slide

EBITDA at Uber Freight remained negative in the second quarter, and revenue continued to fall.

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John Kingston

Expeditors’ airfreight business up in Q2 even as ocean freight fell

Expeditors International saw an increase in its airfreight business in the second quarter and a downturn on the ocean.

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John Kingston

Trucking industry relieved as Tax Commission rejects shift in state taxation

A proposed shift in how tax revenue generated by freight movements is allocated among states has hit a dead end.

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05 August
John Kingston

Benchmark retail diesel price falls again – but only slightly

The benchmark diesel price used for most fuel surcharges declined for a fifth straight week.

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John Kingston

FTR, ACT Research report slower Class 8 build rates

Two key reporting agencies saw a slowdown in truck orders last month.

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02 August
John Kingston

Fourth consecutive month of decline in truck transportation jobs

The employment report for July showed truck transportation jobs down for the fourth straight month. 

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01 August
John Kingston

First look: Amazon stock slides after projections for 3Q revenue

Wall Street wasn’t happy with the revenue forecast for Amazon’s third quarter.

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John Kingston

Crackdown on BQE with WIM technology slashed overweight trucks by two-thirds

New York City is claiming early victory in cutting down traffic on a troubled highway segment in Brooklyn.  

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Jul - 2024 -
31 July
John Kingston

C.H. Robinson earnings again surprise to the upside; CEO cites operating model

Dave Bozeman, one year into the job as CEO of C.H. Robinson, cites a new operating model as the company’s earnings surprise to the upside.

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John Kingston

C.H. Robinson first look: Q2 numbers up from both Q1 and 2023

C.H. Robinson’s earnings look solidly positive, and the stock market reacted that way.

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30 July
John Kingston

Werner CEO Leathers says freight market inflection point may be close

The CEO of Werner Enterprises says an inflection point in the freight market might be near.

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John Kingston

Werner first look: Revenues down, OR in truckload segment deteriorates

Werner Enterprises saw revenue and earnings per share drop in the second quarter.

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John Kingston

On eve of earnings report, C.H. Robinson sells European brokerage operations

C.H. Robinson has made its first acquisition or divestiture since Dave Bozeman took over, selling its European brokerage operations.

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John Kingston

Where do propane powered trucks fit in the energy transition? Ask New Jersey

A key port in New Jersey is adopting propane as a preferred fuel for the vehicles that move around its property.

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29 July
John Kingston

After 4 increases, benchmark diesel price down third week in a row

The benchmark diesel price used for most fuel surcharges declined for a third straight week.

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28 July
John Kingston

‘We’re too fat’: TFI International CEO targets costs at US LTL operations

In an earnings call with analysts, TFI International CEO Alain Bedard gave a strong critique of the company’s LTL cost structure.

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26 July
John Kingston

Ryder, reporting sluggish earnings growth, sees ‘trough’ in freight market

Ryder’s earnings report for the second quarter showed some sluggishness, but company executives see a bottom.

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25 July
John Kingston

California Supreme Court upholds AB5 exemption for gig workers

The California Supreme Court unanimously upheld the exemption from independent contractor law AB5 that Prop 22 granted to gig drivers.

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24 July
John Kingston

Backed by big companies and labor, Supply Chain Council debuts

The Supply Chain Council heralded its beginning with an outdoor briefing near the Port of New York/New Jersey.

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John Kingston

California’s forklifts were going zero-emission even before latest mandate

California’s latest environmental logistics rule focuses on forklifts, but clean technology there has been growing already.

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22 July
John Kingston

Benchmark retail diesel price sees another downturn

The benchmark diesel price used for most fuel surcharges is down for the second week in a row.

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John Kingston

With 2 private placements, Jacobs’ QXO has $5 billion to spend

Brad Jacobs’ QXO is ready to begin acquisitions with a war chest of $5 billion in hand after two big deals.

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19 July
John Kingston

Trimble’s Williams sees technology gains in trucking but shortfalls too

Kelly Williams of Trimble weighed in on where technology has helped or fallen short for people in the trucking sector.

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John Kingston

Marten still holding line on rate cuts even as Q2 financials deteriorate

Marten’s second-quarter earnings deteriorated, but it said it hasn’t cut contract rates since August.

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18 July
John Kingston

Debate on valuing freight for state income tax purposes heats up

A two-year process to determine how to value freight for state income tax purposes may be coming to a head.

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17 July
John Kingston

Triumph Financial staying course on growth targets despite weak earnings

Triumph Financial is sticking to its long-term goal of growing TriumphPay Network market share even as earnings sag.

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16 July
John Kingston

Victory for a 3PL again — TQL — in case involving broker liability 

The brokerage industry, this time TQL, has won another court victory, shielding it from liability stemming from a carrier it hired.

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15 July
John Kingston

Diesel prices fall after 4-week rise

The benchmark diesel price used for most fuel surcharges was down this week after several weeks of increases.

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John Kingston

Transfix, recently out of the brokerage business, offering its first software solution 

Transfix, which was a digital brokerage up until just a few weeks ago, is offering its first software solution to the market.

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12 July
John Kingston

Bid to block Biden independent contractor rule moves to federal appeals court

The key court battle to block the Biden administration’s independent contractor rule is in Louisiana, and a request for an injunction against the rule has been taken a step up in the federal courts.

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11 July
John Kingston

EPA taking comments on California waiver for Advanced Clean Fleets rule

The EPA is seeking comment on whether to grant California a waiver to enforce the Advanced Clean Fleets rule.

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09 July
John Kingston

NFI CEO Brown absent from arraignment of co-defendants due to lawyer conflict

NFI CEO Sidney Brown was not at the arraignment of his co-defendants in a New Jersey corruption case due to a lawyer conflict.

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John Kingston

Werner battling unions on 2 fronts; 1 fight may have broader significance

Werner/ECM is moving toward a union contract in New Jersey, but the stakes may be higher in its union battle in Erie, Pennsylvania.

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08 July
John Kingston

Benchmark diesel up 4 straight weeks, at highest price since early May

The price used as the basis for most fuel surcharges has now risen four consecutive weeks.

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05 July
John Kingston

Minor decline in truck transportation jobs reported for June

The BLS jobs report for June recorded a small drop in the number of truck transportation jobs.

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01 July
John Kingston

Diesel benchmark up third straight week, but demand figures look weak

The benchmark diesel price used for most fuel surcharges rose for the third straight week.

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Jun - 2024 -
28 June
26 June
John Kingston

Werner driver trainees lose on pay issue again in lengthy litigation

A class action lawsuit that was first filed more than 13 years ago has resulted in another, possibly final victory for Werner.

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24 June
John Kingston

Diesel benchmark up for second straight week

The benchmark price used for most fuel surcharges rose for the second consecutive week.

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John Kingston

RXO shares soar on news of Coyote deal; combined company to be third-biggest 3PL

RXO shares are soaring Monday on news of its acquisition of Coyote Logistics from UPS.

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John Kingston

Virginia carrier’s win against union may ultimately give labor a boost at NLRB

A small Virginia trucking company fought off a union, but ensuing legal cases may end up pushing the National Labor Relations Board toward more pro-union policies.

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21 June
John Kingston

Newly created public company Proficient reports improved Q1 OR, EBITDA

Proficient Auto Logistics, a newly formed publicly traded auto carrier, issued its first-ever earnings.

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20 June
John Kingston

NFI CEO Brown indicted in sweeping New Jersey case against political giant

NFI CEO Sidney Brown has been indicted as part of the broader “Norcross case” that may shake up New Jersey politics.

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18 June
John Kingston

For first time since early April, key diesel benchmark price increases

The benchmark diesel price used for most fuel surcharges increased for the first time in 10 weeks.

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12 June
John Kingston

S&P cuts Forward Air debt rating again; 3 key agencies now at same low level

S&P Global cut its debt rating on Forward Air for the second time in four months.

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11 June
John Kingston

California’s AB5 upheld by appeals court panel in Uber/Postmates case

AB5, California’s independent contractor classification law, has won a second significant decision in a federal court, with all 11 members of a 9th Circuit panel upholding the law for Uber drivers.

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10 June
John Kingston

Key retail diesel price drops again, but is the bear market turning?

The benchmark diesel price used for most fuel surcharges dropped again, but diesel may be starting to turn around.

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09 June
John Kingston

Orders for new Class 8 trucks strong in May, ACT and FTR data shows

Orders for new Class 8 trucks rose significantly in May, according to two research firms.

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07 June
John Kingston

Truck transportation jobs down in May; total now matches November

Another drop in truck transportation jobs in May means the total stands at the same level as it did in November.

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06 June
John Kingston

C.H. Robinson executive highlights promise of generative AI in logistics

One of the leaders in adopting generative AI at C.H. Robinson used a variety of analogies to describe its capabilities.

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John Kingston

Teamsters tie up with Staten Island Amazon union, win other elections

Teamsters update: The union has recently aligned with Amazon workers, won three elections and signed a new deal with a Ryder unit.

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04 June
John Kingston

State of Freight: Fuller highlights connections between housing market and trucking 

The June State of Freight discussion took place live at the Future of Supply Chain event in Atlanta.

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John Kingston

Love’s cuts some services but boosts training opportunities in tight job market

A tight employee market has led Love’s to cut some overnight services, but it’s also offering a new training benefit for workers.

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03 June
May - 2024 -
31 May
John Kingston

FMCSA grants 14 epilepsy waivers, 11 hearing exemptions to truck drivers

FMCSA has granted waivers to a new round of truck drivers who have epilepsy or hearing impairment.

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John Kingston

Startup MythosAI surveys seabed in ports to improve shipping efficiency

MythosAI is a startup that is looking to fix one “Stone Age” aspect of shipping, according to the company’s founder.

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29 May
John Kingston

Numbers at major truck lender BMO show worsening credit conditions

Results from BMO’s transportation sector showed deterioration in trucking credit quality.

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28 May
John Kingston

Benchmark DOE/EIA diesel price drops for seventh straight week

The benchmark price used for most diesel fuel surcharges declined for the seventh straight week.

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23 May
John Kingston

State of Freight webinar for May: Not an inflection point yet but a benchmark turns higher

The State of Freight webinar for May sees a key benchmark turn higher; is this the bottom?

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John Kingston

Teamsters voted in to represent drivers at Kroger fulfillment center, say it’s a first

The Teamsters is celebrating what it says is a first-ever victory to organize drivers at a Kroger fulfillment center.

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22 May
John Kingston

Minnesota OKs deal on Uber, Lyft pay; California court may uphold Prop 22

Minnesota has reached a deal on compensation for Uber and Lyft drivers, and a California court seems to favor Proposition 22’s protections for gig workers from the state’s independent contractor law.

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21 May
John Kingston

Used truck prices plunged from February to April, J.D. Power finds

The monthly J.D. Power used truck report reflects a still-weakening market.

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20 May
John Kingston

Benchmark diesel price near lows last seen in July

The diesel price used as the basis for most fuel surcharges is down to levels not seen since July 2023.

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John Kingston

Head transportation analyst Mehrotra departing Deutsche Bank

Well-known transportation equity research analyst Amit Mehrotra is leaving Deutsche Bank, which for now at least is ending equity coverage of transportation companies.

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John Kingston

‘Convergence’ key to efficient supply chain systems, Gartner exec says

Brock Johns, a leader in the world of transportation management systems, highlighted the need for “convergence” to increase supply chain efficiency.

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16 May
John Kingston

Google executive says supply chain uses of generative AI flourishing

At Manhattan Associates’ Momentum conference, a Google Cloud executive gave an overview of generative AI’s explosive growth in supply chains.

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15 May
John Kingston

17 states sue to block California’s Advanced Clean Fleets rule

A coalition of far-flung states has filed a lawsuit to fight California’s Advanced Clean Fleets rule.

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13 May
John Kingston

Diesel takes another hit and may be driving down broader oil market

The benchmark diesel price used for most fuel surcharges fell for the fifth straight week.

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John Kingston

Visibility platform GoComet: Norfolk-area ports gained most from Baltimore port closure

The port at Norfolk, Virginia, has benefited more than any other port from the closing of the Port of Baltimore after the Francis Scott Key Bridge collapse, according to visibility platform GoComet.

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10 May
John Kingston

More EBITDA losses at Uber Freight but Ron touts brokerage-TMS integration

EBITDA losses at Uber Freight grew in the first quarter, but its president expressed strength in the company’s business model.

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09 May
John Kingston

Norfolk Southern management fends off board takeover by Ancora

Activist investor Ancora elected three members to the Norfolk Southern board, failing to oust CEO Alan Shaw. An Ancora official says “passive investors” are to blame if safety issues recur.

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John Kingston

Pair indicted in slaying of Louisiana staged-accident suspect who was cooperating

More than 3 1/2 years after a suspect in a series of staged accidents in Louisiana was slain, there are arrests in the case.

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07 May
John Kingston

Expeditors reports both air and ocean tonnage up for first time since ’21

Expeditors recorded year-on-year gains in tonnage for both airfreight and ocean freight for the first time in more than two years.

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