Hess Corp. shareholders approved Chevron Corp.’s $53 billion takeover despite reservations among several prominent investors about a dispute with Exxon Mobil Corp. over a key asset.
May 28, 2024Business, Fuel
Hess Investors Vote in Favor of $53 Billion Chevron Takeover
Business, Fuel
Industry-Led ZEV Infrastructure Group Sees Membership Rise
LAS VEGAS — Powering America’s Commercial Transportation finalized its initial membership cohort in recent days with 24 founding members.
May 28, 2024Business, Technology, Equipment, Fuel
Volvo to Begin Customer Hydrogen ICE Truck Tests in 2026
Volvo Group plans to begin testing trucks with hydrogen-powered internal combustion engines with customers in 2026 and launch commercial production toward the end of the decade.
May 28, 2024Business, Fuel, Logistics, For-Hire
Penske Forms EV Infrastructure Advisory JV With Mitsui Unit
LAS VEGAS — Penske Transportation Solutions and ForeFront Power are teaming up for an electric vehicle infrastructure advisory joint venture to be known as Penske Energy, the partners said May 21.
May 28, 2024Government, Business, Fuel
Energy Transfer to Buy Permian Operator WTG for $3.3 Billion
U.S. pipeline giant Energy Transfer LP has reached a deal to buy WTG Midstream through a deal valued at about $3.25 billion.
May 28, 2024Business, Technology, Equipment, Fuel
ZM to Bring Zero-Emission Work Trucks to North America
LAS VEGAS — ZM Trucks outlined its plans to enter the North American commercial vehicle market with a portfolio of battery-electric and hydrogen fuel cell electric trucks.
May 24, 2024Business, Technology, Fuel
Pilot’s Wright: Companies Must Lead Sustainability Movement
LAS VEGAS — To provide a better understanding of the drive for innovation of alternative fuels and electrification, Pilot CEO Adam Wright told a story of his family vacation at a water park.
May 24, 2024Government, Business, Fuel
OPEC+ Expected to Extend Supply Cuts
OPEC+ will hold next month’s policy meeting online rather than in person, while several delegates said they expected the group to extend its current supply cuts into the second half of the year.
May 24, 2024Business, Technology, Equipment, Fuel
Accelera Launches Next-Gen Hydrogen, Electric Solutions
LAS VEGAS — Accelera by Cummins launched its next generation of decarbonizing technologies at Advanced Clean Transportation Expo 2024.
May 23, 2024Business, Technology, Equipment, Fuel
WattEV CEO Challenges Truck Makers on Megawatt Charging
LAS VEGAS — WattEV CEO Salim Youssefzadeh issued a challenge to Class 8 truck makers at Advanced Clean Transportation Expo 2024.
May 23, 2024