DOT Awards $774 Million for Port Infrastructure Projects: TT Daily

May 5, 2026

DOT Awards $774 Million for Port Infrastructure Projects

The Department of Transportation has awarded $774 million in port infrastructure grants, with Alaska, Texas and Florida gaining the highest amounts. Read more…

TODAY’S NEWS

FUEL

Oil Prices Retreat as Hormuz Remains Largely Closed

The price for a barrel of Brent crude, the international standard, fell 2.7% to $111.43. Read more…

EQUIPMENT

Mack Doubles Battery-Electric Infrastructure Program Size

ABM and Lane Valente Industries will join InCharge Energy and Heliox as turnkey solutions providers supporting Mack’s battery-electric models. Read more…

SPONSORED CONTENT

Scotseal X-treme HD Keeps Vehicles on the Road

Reliability is crucial in the world of heavy-duty vocational vehicles. When it comes to operating in harsh environments and demanding applications such as waste management, construction, mining, and forestry operations, vehicle equipment is constantly pushed to its limits. It’s these operating conditions that drive the development of the latest innovation from SKF Automotive: the Scotseal X-Treme HD seal. Read more…

FUEL

Renewable Fuels Gain Momentum in Trucking

Renewable diesel, high-blend biodiesel and renewable natural gas are becoming more attractive options for fleet operators for multiple reasons. Read more…

EQUIPMENT

Hino Launches Classes 6-7 Battery-Electric Truck

The Le Series is available in both 25,950-pound and 33,000-pound configurations. Production is scheduled to begin in the third quarter of 2026. Read more…

SPONSORED CONTENT

Unlocking AI’s Full Supply Chain Potential Hinges on Data Connectivity

Today’s supply chains run on connected data, yet information often remains fragmented across systems. Penske’s Supply Chain Insight helps teams act faster with a clearer, more unified view. Read more…

BUSINESS

XPO Posts Record Q1 Earnings as OR Improves

XPO’s North American LTL adjusted OR improved 200 basis points year over year to 83.9. Total revenue increased 7.3% to $2.1 billion from $1.95 billion. Read more…

BUSINESS

Saia Reports Mixed Operating Metrics in Q1

Saia’s operating revenue increased 2.4% to $806.2 million from $787.6 million. The operating ratio ticked up, increasing 60 basis points to 91.7 from 91.1. Read more…

BUSINESS

Continued Weak Demand Propels Wabash to First-Quarter Loss

Wabash’s financials declined in the first quarter of 2026 as a result of weak demand, and the trailer manufacturer does not expect a material upturn until 2027. Read more…

BUSINESS

Universal Logistics Posts Q1 Loss After Slow Start to Year

Universal Logistics Holdings experienced a slow start to the year that dragged on overall first-quarter results, the company reported May 1. Read more…

TECHNOLOGY

MicroVision Expands Lidar Portfolio After 2 Acquisitions

MicroVision is expanding its portfolio of lidar sensors and perception software to support advanced driver-assistance systems and autonomous driving. Read more…

TECHNOLOGY

PREMIUM Fleets Deploy AI to Enable In-Cab Driver Coaching

Rather than relying heavily on after-the-fact video review of drivers, fleets are increasingly using AI to process video and telematics inside the truck itself. Read more…

BUSINESS

Anheuser-Busch InBev Reports Unexpected Rise in Beer Demand

The world’s largest brewer reported a 0.8% rise in organic volume growth in the first quarter, with beer up by 1.2% according to a statement May 5. Read more…

LOGISTICS

US Trade Gap Widened in March as Imports Outpaced Exports

The gap in goods and services trade grew 4.4% from the prior month to $60.3 billion, Commerce Department data showed May 5. Read more…

BUSINESS

ADM Raises Profit Outlook as US Biofuel Policy Boosts Demand

ADM shares were up 1% in premarket trading. The stock has climbed more than 30% so far this year, bolstered by optimism for policies that increase the use of biofuels. Read more…

GOVERNMENT

US Is Oil Supplier of Last Resort as Strait Troubles Worsen

But U.S. domestic inventories are quickly depleting, and America’s oil producers are struggling to keep up. Read more…

EDITOR’S PICK

Top 100 3PLs Adapt to Market Pressures, Trade Upheaval

The largest 3PLs in North America continued to face volatile business conditions last year, from compressed margins to tariff-driven supply chain upheaval. Read more…

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DOT Awards $774 Million for Port Infrastructure Projects: TT Daily

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