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Oil Market Buckles Under Pressure of Pandemic’s Second Wave

Six months after the coronavirus pandemic’s initial punch, signs of a second wave are already emerging in the oil market.

September 9, 2020

National Diesel Average Slips by 0.6¢ to $2.435

The national average price of diesel fell by six-tenths of a cent to $2.435 a gallon, according to the Energy Information Administration. The weekly report was released Sept. 8, a day later than usual because of the Labor Day holiday.

September 8, 2020

The Lion Electric Co. Secures Order From CN for Electric Trucks

The Lion Electric Co. announced a memorandum of understanding for Class I freight railway CN to acquire 50 heavy-duty zero-emission trucks for intermodal use to reduce greenhouse gas emissions.

September 8, 2020

ATRI Opens Annual Top Industry Issues Survey

The American Transportation Research Institute has opened its annual survey asking trucking industry representatives to identify major industrywide issues.

September 8, 2020

Tesla Shares Plunge After GM’s Nikola Stake, S&P Omission

Tesla Inc. shares slid on Sept. 8 after the electric-vehicle maker missed out on being included in the S&P 500 Index, taking investors who had bet on its entry to the benchmark by surprise.

September 8, 2020

Oil Sinks With Equities on Wavering Hopes for Demand Pickup

Oil tumbled below $40 a barrel for the first time in a month, with a sell-off in equities and a stronger dollar exacerbating demand concerns as a lackluster summer driving season draws to a close.

September 4, 2020

Musk Test-Drives VW Electric Car in Meeting With CEO Diess

Before Tesla Inc. CEO Elon Musk returned to the U.S. after a three-day visit to Germany, he made a final stopover to meet with one of his biggest competitors — Volkswagen AG CEO Herbert Diess.

September 4, 2020

GM Signs Deal With Honda to Develop Future Products

General Motors and Honda have a deal to share vehicle platforms and technology in North America starting next year.

September 3, 2020

$3 Billion Planned for Next-Generation Hydrogen Power Plants

Three power plants planned in New York, Virginia and Ohio will test whether hydrogen can one day replace natural gas in electric generation.

September 2, 2020