Trump Denies Claim to Remove Sanctions | Weekly News Update

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Trump Denies Iran’s Claim to Remove Sanctions

Early Friday, Iranian President Hassan Rouhani claimed that the U.S. offered to remove all sanctions on Iran in exchange for negotiations.  Both the State Department and U.S. President Trump denied the claims.  President Trump responded with a tweet, “Iran wanted me to lift the sanctions imposed on them in order to meet. I said, of course, NO!”  The State department also called the report “baseless” and that the U.S. is fully committed to zero oil exports from Iran.  The country will continue to stay stern on Iran, especially after a series of drone attacks on Saudi Arabia oil infrastructure and continuing escalation in the Middle East.

Embark to Open Transfer Hubs to Shift Freight to Self-Driving Trucks

One of the leaders in heavy-duty autonomous truck technology, Embark, is continuing to build out infrastructure to roll out their technology.  The company announced they will open two transfer hubs to switch freight to its automated trucks.  This would allow trucks driven by humans to dray the freight to a Embark hub, where an autonomous vehicle would take control for highway driving.  The autonomous truck would then drop the load off at another transfer hub, where a human driver would take it to its destination.  The first two drop-and-hook facilities will be located in Los Angeles and Phoenix.  Embark has partnered with multiple companies on this lane making it a perfect candidate.

 

Top Energy Stories

WSJ: Iran Frees a British-Flagged Tanker to End Standoff Ahead of U.N. Summit

Iran said a British-flagged tanker it seized in July on alleged maritime violations is free to leave, ending a monthlong standoff with the U.K. ahead of a United Nations summit this week where it faces tough questions over attacks on rival Saudi Arabia’s oil facilities.

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Supply Chain Drive: Coalition of shippers and carriers seeks zero-emission ocean shipping

A group of 70 organizations consisting of shippers, ocean carriers and energy providers calling itself the Getting to Zero Coalition announced this week it would begin a push to decarbonize the ocean shipping industry in line with Paris Agreement requirements

CNBC: Oil rebounds after Trump denies Iran’s claim US offered to remove sanctions

Iranian President Hassan Rouhani claimed the U.S. offered to remove all sanctions on Iran in exchange for negotiations.  President Donald Trump said he responded “of course, NO!” to Iran who he said wanted him to lift the sanctions in order to meet.  The State Department called the report “baseless,” adding the U.S. is committed to zero oil exports from the Iranian regime, Bloomberg News said.

 

Top Freight Transportation Stories

JOC: US Freight Drivers Weak, but Recession Not Certain

During a Monday conference hosted by the American Trucking Associations (ATA), the most common words to describe business conditions were “slowing,” “sideways,” and “sluggish.” When asked about the future, however, speakers were quick to offer terms like “resilient” and “optimistic.”

Transport Topics: Embark to Open Transfer Hubs to Shift Freight to Self-Driving Trucks

Self-driving trucking startup Embark Trucks announced it will open two transfer hubs to switch freight to its automated trucks.  The drop-and-hook hubs are a key factor to accelerating its path to market, with the first ones located in Los Angeles and Phoenix.

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WSJ: Tech-Powered Trucks Force Transport Sector to Consider Cybersecurity

The life of a trucker was once a solitary one, with an open road and little more than a radio to connect to the wider world. Now, vehicles are packed with technology, opening the door to hackers, experts warn.

 

Top Economic Stories

Reuters: On U.S. Delisting Threat, China says ‘Decoupling’ Would Harm Both Sides

China warned on Monday of instability in international markets from any “decoupling” of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges.

Reuters: Cooling U.S. Consumer Spending Underscores Risks to Economy

U.S. consumer spending barely rose in August and business investment remained subdued amid lingering trade tensions, prompting economists to slash their economic growth estimates for the third quarter.

 

This weekly publication is designed to highlight relevant industry news to provide professionals in the transportation, supply chain, and energy sectors with up-to-date information in a rapidly changing marketplace. This update is purely a compilation of industry news and as such, does not necessarily reflect the opinion of Breakthrough. We do not warrant or guarantee accuracy or completeness of information. For additional information, please contact us at info@breakthroughfuel.com.

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