The Trump administration is preparing sanctions on as many as 50 oil and fuel tankers as part of an effort to cut off trade between Iran and Venezuela, according to a person familiar with the matter.
June 9, 2020Search
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CHBC Names Bill Zobel Executive Director
The California Hydrogen Business Council announced the appointment of Bill Zobel as its executive director.
June 9, 2020
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
Nikola Gets Valued at $34 Billion Before Gain Is Wiped Out
Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp.
June 9, 2020Diesel Increases by a Penny; Gas Climbs Back Above $2
The nationwide average price of a gallon of diesel increased by 1 cent to $2.396, according to the weekly report from the Energy Information Administration on June 8.
June 8, 2020Nikola Stock Surges 104% on Third Day of Trading
Shares of Nikola Motor Co. surged 104% to a record in its third day of trading on the Nasdaq after a merger with VectoIQ Acquisition Corp.
June 8, 2020Daimler Truck Coordinates Fuel Cell Activities With New Company
Daimler Truck AG has established Daimler Truck Fuel Cell GmbH & Co., the organizational and legal framework intended to bring together all of the group’s fuel cell activities.
June 8, 2020BP to Cut 10,000 Jobs Worldwide Amid Pandemic
LONDON — Energy producer BP announced June 8 that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry.
June 8, 2020TA to Add Franchise Sites
TravelCenters of America Inc. announced plans to open three new travel centers in as many weeks during June.
June 5, 2020Oil Rallies With Strong Jobs Data Adding to OPEC+ Cut Optimism
Oil headed for a sixth weekly gain after OPEC+ reached a tentative agreement to prolong its record production cuts and U.S. jobs data was better than expected.
June 5, 2020Montana County Votes for Local Gas Tax
Voters in Missoula County, Mont., recently approved a gas tax as a way to finance local transportation projects.
June 4, 2020