A new wave of oil platforms is sweeping into the U.S. Gulf of Mexico as crude prices are riding historic levels and demand for barrels is higher than ever.
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TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Lordstown, Foxconn Delay Factory Sale Deadline to Mid-May
Lordstown Motors Corp. agreed to push back the deadline to sell its Ohio factory to Hon Hai Precision Industry Co Ltd., known as Foxconn, dragging out the closure of the vital partnership and offering no guarantee that it will get done.
April 29, 2022Despite Gains, Challenges Remain for Adoption of Alt-Fuel Trucks
Record-high diesel fuel prices are creating some painful sticker shock moments at the pump for truck lines and shippers. Yet, those rising costs arenāt necessarily driving a dramatic uptick in adoption of alternative-fueled vehicles in the Class 8 heavy-truck sector.
April 29, 2022Exxon Profits Surge
NEW YORK ā Exxon Mobil reported $5.48 billion in net income during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year.
April 29, 2022Top Democrats Push for FTC Crackdown on High Gas Prices
WASHINGTON ā Citing growing worries about high gasoline prices, Democratic leaders announced an effort April 28 to give the Federal Trade Commission increased authority to crack down on companies that engage in price gouging.
April 28, 2022Nikola Sees Energy Transition in Arizona Desert
COOLIDGE, Ariz. ā Several customersā recently completed Nikola Tre Class 8 battery-electric trucks sat ready for delivery inside Nikola Corp.ās new assembly plant, a scene described by company executives as a watershed moment since the white cabover BEVs will generate 7-year-old Nikolaās first-ever quarterly revenue.
April 28, 2022Rivian Reaches Deal in Georgia for Environmental Standards
A development authority east of Atlanta has voted to approve an āeconomic development agreementā for the planned $5 billion Rivian factory, outlining terms with the electric vehicle company, including environmental standards and taxpayer-backed incentives.
April 28, 2022Groups That Want to Electrify USPS Fleet File Suit
Sixteen states and four environmental groups that want the U.S. Postal Service to buy more electric delivery vehicles are suing to halt purchases of thousands of gas-powered trucks as the agency modernizes its mail delivery fleet.
April 28, 2022FMCSA Issues āNotice of Intentā to Require Speed Limiters on Heavy Trucks
The Federal Motor Carrier Safety Administration on April 27 issued a notice of intent to move forward with a rulemaking to require the use of speed limiters for commercial motor vehicles.
April 27, 2022Ford Eyes EV Market Leadership With Launch of F-150 Lightning
Ford Motor Co. is officially planting its flag with the launch of an all-electric version of Americaās best-selling pickup truck, aiming to overtake Tesla Inc. and lead the electric vehicle market.
April 27, 2022