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Exxon Mobil to Purchase Pioneer Natural for $59.5 Billion

Exxon Mobil is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas.

October 11, 2023

Perspective: The Past Year Has Proven the Value of Trucking

Four decades in trucking have shown me how much opportunity this industry creates.

October 10, 2023

Tesla’s Price Cuts Make It Competitive With Gas-Powered Cars

Tesla Inc.’s top-selling electric vehicles now compete directly with gasoline cars on price after the latest round of price reductions, but that could cost the company $1.2 billion a year.

October 9, 2023

Georgia’s Kemp Extends Suspension of Diesel, Gas Excise Tax

Gov. Brian Kemp on Oct. 6 signed an executive order that extends Georgia’s excise tax suspension on diesel and gas through Nov. 11.

October 6, 2023

Russia Lifts Diesel Export Ban

Russia allowed a return to seaborne exports of diesel just weeks after imposing a ban that roiled global markets, taking other steps instead to keep sufficient fuel supplies at home.

October 6, 2023

Exxon in Talks to Buy Pioneer

Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades.

October 6, 2023

Freightliner Offers Cummins X15 Natural Gas Engine

Daimler Truck North America subsidiary Freightliner announced Oct. 5 it will offer the new Cummins X15N natural gas engine in its heavy-duty Freightliner Cascadia trucks.

October 5, 2023

Nikola Celebrates Entry Into HFCEV Market

Hydrogen fuel cell electric vehicles will be delivered to customers within a few weeks, company says.

October 5, 2023

Ford Electric F-150 Sales Drop 46% as Deliveries Delayed

Ford Motor Co. reported sales of its F-150 Lightning plug-in pickup fell 46% in the third quarter as the automaker expanded its factory and delayed delivery of trucks for “quality checks.â€

October 4, 2023