A new report picks Volkswagen as the first incumbent global carmaker to make money selling electric vehicles, with profits expected to arrive by 2022.
March 12, 2020Search
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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..
China Auto Sales Plunge in February
BEIJING — China’s auto sales plunged 81.7% in February from a year ago after much of the economy was shut down to fight a virus outbreak, an industry group reported March 12.
March 12, 2020US Oil Output to Fall Next Year for First Time Since 2016
U.S. oil output will average 12.7 million barrels a day in 2021, down from an expected 13 million barrels this year, the Energy Information Administration said March 11.
March 11, 2020Oil Traders Are Big Winners in Saudi-Russia Price War
Saudi Arabia and Russia’s price war is handing over a multibillion-dollar profit opportunity to the world’s largest oil traders.
March 11, 2020OPEC Sees No Oil Demand Growth in 2020 as Virus Batters Forecast
OPEC expects there will effectively be no growth in global oil demand this year, slashing its forecasts as the coronavirus hits the world economy.
March 11, 2020Future Truck Trends on Display at Work Truck Show
INDIANAPOLIS — The momentum with which electrification for commercial trucks is evolving was a key topic at the Work Truck Show and accompanying Green Truck Summit here, with discussions focused on the technology’s potentially robust pulling power, the challenges of building out a charging network and the pace at which innovation and consolidation are constantly bringing change to this nascent market.
March 11, 2020Mercedes-Benz Unveils Upgrades to Vito Vans
Mercedes-Benz, a unit of Daimler AG, announced March 10 extensively upgraded versions of its diesel-powered Vito van available for ordering in Europe now and its battery electric eVito model available for ordering this summer.
March 10, 2020Saudi Arabia Increases Oil Output to Record High
DUBAI, United Arab Emirates — Saudi Arabia’s state-run oil giant Saudi Aramco said March 10 it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
March 10, 2020Global Markets Pick Up After Plunge on Coronavirus, Oil
BEIJING — Global stock markets rebounded March 10 from record-setting declines after U.S. President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
March 10, 2020Diesel Falls 3.7¢ to $2.814 a Gallon; Oil Slides Most Since 1991
The U.S. average retail price of diesel fell 3.7 cents to $2.814 per gallon, the Department of Energy reported March 9.
March 9, 2020