Aurora Capital Partners has agreed to sell Restaurant Technologies Inc., a company that distributes cooking oil and collects used oil from U.S. restaurants, to West Street Infrastructure Partners III, an investment fund managed by Goldman Sachs.
September 10, 2018Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Trillium to Upgrade Austin, Texas, CNG Station for Heavy-Duty Trucks
Trillium will upgrade the compressed natural gas station in Austin, Texas, to provide easier access and fast-fill capability for heavy-duty vehicles fueling with CNG.
September 10, 2018Manual Transmissions Rapidly Becoming a Thing of the Past
Bryan Berg drives a semi with a 13-speed transmission, and he’s been double-clutching and shifting gears in his rig for 30 years. He’s not about to start driving a truck that shifts automatically.
September 7, 2018Tesla Erupts in Chaos After Senior Executives Leave, Musk Tokes Up
The turmoil at Tesla Inc. reached a fever pitch, as the news that two senior executives are leaving Elon Musk’s electric-car maker emerged just hours after he smoked marijuana during an hours-long interview streamed live online.
September 7, 2018Airlines Are Stepping Up Oil Hedges Before 2020 Shipping Rule Bites
Airlines are starting to hedge against the risk that fuel prices could be driven higher by rules targeting another industry’s environmental performance.
September 6, 2018Florida Scores Biggest Annual Gain in Heavy-Duty Clean Diesel Trucks
Florida posted the biggest surge among states in the use of heavy-duty trucks with clean diesel engines in 2017, notching an 81% jump compared with a year earlier, according to data from IHS Markit. This increase came as fleet confidence in the technology took hold and more freight-hauling opportunities opened up in the nation’s fourth-largest state economy, other experts said.
September 6, 2018Electric Trucks Could Save Europe 11 Billion Barrels of Oil Through 2050
Transforming the European Union’s truck fleet to electric and hydrogen vehicles from diesel-powered engines could cut oil use by as much as 11 billion barrels through 2050, or more than two years’ worth of imports.
September 6, 2018NACFE Survey of Trucking Companies Shows Increased Freight Efficiency
The average fuel economy of trucking companies participating in an annual study conducted by the North American Council for Freight Efficiency improved 2% on a year-over-year basis, the group announced.
September 5, 2018GM Invests Additional $28 Million in Battery Lab
With plans to launch 20 new electric vehicles globally by 2023, General Motors CEO Mary Barra said the automaker will make “major enhancements” to its battery lab in Warren, Mich.
September 5, 2018Price of Diesel Nudges Up as Industry Seems Resolved to Higher Costs
The national average retail price of diesel fuel increased by 2.6 cents, pushing the weekly average to $3.252 a gallon, according to the U.S. Energy Department’s weekly report released Sept. 4. Trucking’s main fuel now costs 49.4 cents a gallon more than it did a year ago, when it was $2.758 a gallon.
September 4, 2018