Industry News - Current Week
California says it banned 230,000 trucks. What's next?
California says it banned 230,000 trucks. What's next?
California says it banned 230,000 trucks. What's next?
When the ball dropped on New Year's and revelers around the country rang in 2023, at that exact moment some 230,000 or more trucks across the country became legally banned from operating in California at a time of historic supply chain backups.
That's due to the California Air Resources Board's Truck and Bus Regulation phasing out every pre-2010 engine year-equipped truck in the country. Previously, analysis from Overdrive sister company RigDig Business Intelligence found 75,951 unique VINs for 2007-2009 model year trucks with some level of activity in California over the last five years, including registrations and inspections. Read more at OverDriveOnline.com
Bringing Gender Diversity to Transportation
California says it banned 230,000 trucks. What's next?
California says it banned 230,000 trucks. What's next?
Whether you are a business professional or a professional driver, you will find great value in belonging to the association. Gain better understanding of women’s issues in transportation by connecting with an increased representation of women in the industry. Connect and collaborate with a community of people for mentorship or sharing of industry best practices. Take advantage of professional development and educational opportunities and even receive recognition for industry achievement and success while aligning your company brand and business strategies with the importance of workforce diversity. Visit our Join Women in Trucking page to learn more about membership, download a Women In Trucking Membership Brochure and read what our members say about us on our Testimonials page. Read more at www.womenintrucking.org
Industry News - Last Week
Russian Lukoil To Sell Strategic Italian Refinery To Trafigura-Backed Company
Cooling demand, recession concerns kick off 2023, though trucking can expect gains
Cooling demand, recession concerns kick off 2023, though trucking can expect gains
In its first major overseas asset sale following Russia’s invasion of Ukraine and subsequent Western sanctions, Lukoil, Russia’s second-largest oil company, has agreed to sell its Italian ISAB refinery to a Cypriot company backed by Geneva-based commodities trader Trafigura.
The deal will see Lukoil’s 100% subsidiary, Litasco S.A., sell the ISAB refinery to Cyprus-based G.O.I. Energy Limited, a private equity firm backed by Trafigura, according to a statement on Lukoil’s website. The deal value was not disclosed. Read more at OilPrice.com
Cooling demand, recession concerns kick off 2023, though trucking can expect gains
Cooling demand, recession concerns kick off 2023, though trucking can expect gains
Cooling demand, recession concerns kick off 2023, though trucking can expect gains
High fuel and equipment prices, labor concerns, shipping rates, inflation, talks of a recession, and other economic factors have followed trucking into what is a historically quiet season for imports and consumer demand at the start of a new year. Because of these lingering headwinds, for the first quarter, carriers are likely concerned about a decrease in rates due to an oversupply of capacity built up from 2021.
The market, however, is cyclical, and trucking remains the most relied-upon freight transport mode in the U.S., with trucks moving some 12.5 billion tons of freight valued at more than $13.1 trillion, according to the newly released Bureau of Labor Statistics 2022 Transportation Statistics Annual Report. Read more at FleetOwner.com