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Diesel Price’s Virtual Holding Pattern Continues

For the second week in a row, the price of diesel remained essentially flat compared with the prior week, dipping just one-tenth of a cent to $2.426 a gallon, the Energy Information Administration reported Aug. 24.

August 24, 2020

US Gulf Coast Faces Threat From Pair of Tropical Storms

Back-to-back tropical storms pose a combined threat to the U.S. Gulf Coast this week, where more than half of offshore oil production is already shut and residents from Texas to Florida are warily watching the skies.

August 24, 2020

Oil Set for Weekly Drop in Wake of Sluggish Global Economies

Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.

August 21, 2020

Navistar Joins Effort to Adopt Electric Vehicle Standards

Navistar Inc. joined a global coalition of industrial and automotive businesses pushing to create standards for electric vehicles, the company announced Aug. 20.

August 21, 2020

ACT Virtual Series Highlights Environmental Sustainability Challenges

Advanced Clean Transportation on Aug. 18 kicked off a four-month series to discuss environmental sustainability in trucking and the challenges those efforts still face.

August 20, 2020

World’s Largest Offshore Rig Owner Valaris Goes Bankrupt

Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Aug. 19 as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.

August 19, 2020

GM to Double Down on China After Tesla Grabs EV Lead

General Motors Co. is accelerating its push into the fast-growing electric-car segment in China, the world’s largest market, seeking to challenge sales leader Tesla Inc. and a slew of local contenders.

August 19, 2020

Infrastructure Stakeholders to Host Forum in September

Groups and institutions consistently urging policymakers to dedicate additional funds for freight and commuter corridors will host ā€œUnited for Infrastructure,ā€ scheduled for the week of Sept. 14.

August 18, 2020

Xos Trucks Secures $20 Million in New Funding Round

Fledgling electric vehicle developer Xos Trucks Inc. completed a new round of financing, raising $20 million from a group of investors.

August 18, 2020