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, 2023Search
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Seth Clevenger and Mike Senatore dive into the Transport Topics Top 100 list of the largest logistics companies. They address trade challenges, mergers, sector trends and more.
Diesel Price Drops 9.5¢ to $4.498 a Gallon
The national average diesel price swung back down after last week’s mild uptick, shedding 9.5 cents to reach $4.498 a gallon, according to Energy Information Administration data Oct. 9.
October 10, 2023Perspective: The Past Year Has Proven the Value of Trucking
Four decades in trucking have shown me how much opportunity this industry creates.
October 10, 2023Tesla’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, 2023Georgia’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, 2023Russia 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, 2023Exxon 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, 2023Freightliner 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, 2023Nikola Celebrates Entry Into HFCEV Market
Hydrogen fuel cell electric vehicles will be delivered to customers within a few weeks, company says.
October 5, 2023Ford 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