The U.S. average retail price of diesel dropped 0.7 cent to $2.976 per gallon, the Department of Energy reported Sept. 3, as the price of crude dropped 2% amid the ongoing U.S.-China trade dispute.
September 3, 2019Search
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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..
Reason Foundation: North Dakota Tops Highway Performance List; New Jersey Ranks Last
North Dakota’s infrastructure, congestion levels and safety record propelled the state to the top spot in a recent report that chronicled the performance of highway systems nationwide.
September 3, 2019CNH Industrial to Invest $250 Million in Nikola Motor Co.
Startup truck manufacturer Nikola Corp. has secured a commitment of $250 million in funding from CNH Industrial N.V. — a leader in natural gas-powered trucks and buses and the parent company of Iveco trucks — in a move designed to accelerate the use of heavy-duty trucks that use battery-electric and fuel cell technologies in North America and Europe.
September 3, 2019Oculus Transport Gets C$45M Loan From Great Rock Capital
Great Rock Capital, a commercial finance company specializing in middle-market lending, lent C$45 million to Oculus Transport Ltd. of Calgary, Alberta.
August 30, 2019BYD Selects Milea Truck as NYC Dealer
BYD Motors Inc. announced Milea Truck Sales and Leasing as its fully authorized truck dealer to support the New York metropolitan area.
August 30, 2019US Chamber Breaks With Trump Plan to Slash Auto Mileage Rules
The U.S. Chamber of Commerce called on the Trump administration and California officials to find a middle ground on automobile efficiency standards that federal agencies plan to slash, warning of “potentially dire consequences” without a workable compromise that continues to improve fuel economy.
August 30, 2019Oil Heads for Biggest Gain Since Mid-July
Oil headed for its biggest weekly increase since mid-July after a sizable drop in American crude inventories and an apparent pause in U.S.-China trade hostilities eased demand fears.
August 30, 2019Florida Hurricane Dorian Leaves Tanks Dry
Gas stations in parts of Florida are running out of fuel as drivers race to fill up ahead of Hurricane Dorian. Dorian’s course turned slightly south and now is expected to make landfall near Jupiter, Fla., as a Category 4, with winds reaching 140 miles per hour.
August 30, 2019EPA Seeks to Abandon Regulation of Methane Leaks From Oil Wells
The Trump administration is seeking to abandon regulations designed to stop methane leaks from oil and gas wells, a move opposed not just by environmentalists but even some energy companies that worry that it will undermine the appeal of natural gas as climate-friendly fuel.
August 29, 2019Enbridge Pipeline Contracts Seen Putting Power in Refiner Hands
Enbridge Inc.’s plan to contract space on its Mainline oil pipeline system is drawing the ire of producers who argue the new system will give too much power to Midwest refiners.
August 28, 2019