Marathon Petroleum Corp. and ADM announced plans to form a joint venture for the production of soybean oil to supply what they referred to as rapidly growing demand for renewable diesel fuel.
August 23, 2021Search
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Sensata Technologies Acquires Spear Power Systems
Sensata Technologies announced the acquisition of Spear Power Systems, which provides lithium-ion-based energy storage systems for land, sea and air applications.
August 23, 2021
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
GM Looking at LG to Pay for Battery Recall
The long-distance relationship between General Motors Co. and its battery partner, LG Energy Solution, is being tested like never before. At issue: who will pick up a roughly $1 billion tab for the recall of 73,000 Bolt EVs.
August 23, 2021Xos Is Latest Electric Truck Maker to Debut as Public Company
Los Angeles-based Xos Inc., which is developing fully electric Classes 5-8 commercial vehicles for last-mile service, announced the completion of its business combination with NextGen Acquisition Corp. The combined company will have the name Xos Inc. and its shares began trading Aug. 20 on the Nasdaq Capital Market under the symbol XOS.
August 20, 2021Amid Disruptions, Midwestern States Issue Regulatory Relief for Fuel Haulers
Supply chain challenges have prompted multiple states in the Midwest to extend regulatory relief to truckers who haul fuel.
August 19, 2021Miles-Based User Fee Among Options Outlined in Pa. Report
A recent report from Pennsylvania’s Transportation Revenue Options Commission shows a mileage-based user fee could serve as a viable option for long-term transportation funding.
August 18, 2021Average Price of Diesel Slips 0.8¢ to $3.356 a Gallon
The national average price of diesel dipped eight-tenths of a cent to $3.356 a gallon, according to Energy Information Administration data released Aug. 16.
August 19, 2021Tropical Storm Fred Makes Landfall on Florida’s Panhandle
Tropical Storm Fred crashed ashore on the Florida panhandle with powerful winds, becoming the fourth system of the 2021 hurricane season to strike the U.S.
August 16, 2021Plan Would Save Truckers 33% in Pennsylvania Taxes
It’s only an idea for now, but Pennsylvania’s proposed switch from a fuel tax to a miles-driven fee to help generate more money for transportation could be a boon for the trucking industry.
August 16, 2021NACFE Expands Outreach Into Mexico
The North American Council for Freight Efficiency announced it is expanding its efforts into Mexico.
August 16, 2021