An oil tanker, right, cruises past a new liquefied natural gas tanker at the Cheniere terminal in Cameron Parish, La. (Michael Stravato/The New York Times)

Shipping industry gloomiest since 2009 in survey as crude glut endures

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While parts of the maritime industry such as the market for hauling oil are surging this year, others are slumping.
(AP Photo/Matthew Brown, File)

U.S. railroads slumping on Wall Street amid coal, crude oil cargo squeeze

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The dwindling volumes for coal, oil and grain are magnified in contrast with last year’s surges. Petroleum carloads, chiefly crude, are down 0.6 after 2014’s 13 percent increase.
A man takes in pictures the A. P. Moller-Maersk Group Eugen Maersk ship, the world?s largest 397 m long container vessel, on February 20, 2008 in the French harbor of Le Havre, western France. AFP PHOTO ROBERT FRANCOIS (Photo credit should read ROBERT FRANCOIS/AFP/Getty Images)

APM Terminals to close operations, cut more than 100 port jobs near Houston

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In a letter to the Texas Workforce Commission, Scott Reiss, head of human resources for APM Terminals in the U.S., said the company is permanently shutting down its operations at East Barbours Cut Boulevard by July 24 and eliminating 109 jobs in the process.
An oil tanker docks at a Chevron oil refinery in the San Francisco Bay. (Kimberly White/Bloomberg News)

The tanker market is sending a big warning to oil bulls

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A record cut to the number of active U.S. drilling rigs and billions of dollars of spending reductions by companies since last year’s price plunge has yet to translate into a slump in barrels produced.
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Rebuilding the Nation’s Aging Energy Network

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Once the envy of the modern world, the nation’s infrastructure system now works overtime just to keep up with the growing needs of the energy grid. While many understand the need for continued investment in roads and bridges, the same cannot be easily said of the nation’s aging energy infrastructure. This network of pipelines, highways, […]
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REST Act Aims to Streamline Transportation

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Members of Congress recently re-introduced a bipartisan bill aimed at ensuring efficient and expedient cross-border shipments for the trucking industry. The Residue Entries and Streamlining Trade, or REST Act, is aimed at removing an absurd regulatory interpretation by Customs and Border Patrol (CBP). At issue is a seemingly straightforward issue involving U.S. trade. When a […]
Petrol Prices At U.K. Gas Stations As Price Of Oil Continues To Fall

Cheap gasoline is helping some states rake in more tax revenue

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Low oil prices could help shore up some states’ coffers, since increased driving brought on by cheap fuel will also result in more gas tax revenue.
(AP Photo/Jean Revillard, Solar Impulse)

Solar-power plane airborne on historic round-the-world trip

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Some legs of the trip, such as over the Pacific and Atlantic oceans, will mean five days and five nights of flying solo.
(Rovanto/Flickr)

Volatile Bakken crude expected to keep flowing through Texas

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AUSTIN – Despite falling oil prices, production cutbacks and persistent safety concerns, rail officials plan to continue shipping millions of gallons of volatile crude oil from the Bakken region of North Dakota through Texas, according to updated records provided by state officials on Wednesday. Average weekly volumes reflect little change from a first batch of […]
Delta Airlines planes parked at the gates in Atlanta. (William Montgomery photo)

Delta challenges Obama administration on oil exports

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Delta Air Lines’ refining subsidiary is accusing the Commerce Department of easing the nation’s longstanding ban on crude exports after “secret meetings” with oil companies.