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ATA, 8 Others Ask EPA to Adjust Biofuel Output Volumes

Renewable fuel production targets are too low to sustain the sector and have resulted in shuttered biofuel companies, a consortium of trade associations stated in a letter to EPA 's Michael Regan.

Noël Fletcher | Staff Reporter
May 3, 2024

XPO Posts Q1 Net Income Rise of 294% Despite Tough Market

XPO Inc. experienced a 294.1% increase in earnings year-over-year despite a soft freight environment during the first quarter of 2024, the company reported May 3.

Connor D. Wolf | Staff Reporter
May 3, 2024

Oregon Spends $2.1M in Federal Grant to Train Truck Drivers

Hundreds of newly minted commercial truck drivers are on the road in Oregon thanks to a state group’s decision to allocate a large chunk of a federal grant to driver training.

Noël Fletcher | Staff Reporter
May 3, 2024

Cummins Sees Q1 Income Rise From Sale of Filtration Business

Engine manufacturer Cummins Inc. said its first-quarter bottom line was lifted by the March completion of its divestiture from filtration business Atmus.

Joe Howard | Executive Editor
May 3, 2024

I-95 in Connecticut Closed for Days as Crash Damages Bridge

NORWALK, Conn. — Workers on May 3 began removing a bridge over a Connecticut highway that was damaged in a fiery crash  — a project expected to keep both sides of I-95 closed through the weekend.

May 3, 2024

Houthis Threaten to Try to Attack Ships in Mediterranean Sea

The Houthi group based in Yemen threatened to start trying to attack ships in the eastern Mediterranean as it steps up a campaign of anti-Israeli assaults.

Mohammed Hatem | Bloomberg News
May 3, 2024

EV Makers Win 2-Year Extension to Qualify for US Tax Credits

The Biden administration gave carmakers a partial reprieve in finalizing EV tax credit rules intended to loosen China’s grip on battery materials crucial to the car industry’s future.

Keith Laing | Bloomberg News
May 3, 2024

World’s Most Important Oil Price Transformed

After years of skepticism, criticism and trader furore, the world’s most important oil price is working better than ever thanks to an infusion of crude from west Texas.

May 3, 2024

Employers Add 175,000 jobs in April in Face of Higher Rates

WASHINGTON — The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that high interest rates may be starting to take a toll on the economy.

Paul Wiseman | Associated Press
May 3, 2024