Fuel

These are boom times in West Texas. Across the state, the robust shale industry is providing a lift to local economies and trucking companies that serve the region. It’s also a microcosm for the trucking industry overall when it comes to finding drivers to keep the wheels of growth turning.

China signaled its openness for business with a raft of deals that’ll give oil majors, including Royal Dutch Shell Plc, new opportunities to develop fields in partnership with the nation’s biggest offshore explorer.

The U.S. average retail price of diesel dropped 4 cents to $3.121 a gallon, the U.S. Energy Information Administration reported Dec. 17, as crude oil prices dropped below $50 per barrel.

Oil was boosted to near $52 a barrel by a weak U.S. dollar while investors weighed if OPEC and its allies can successfully re-balance the market.

Volvo Trucks announced on Dec. 12 that Roger Alm will take over leadership of its global operations on Jan. 1, 2019, replacing Claes Nilsson, who is retiring.

Sensing the impetus for considering a long-term infrastructure funding bill when the new Congress convenes in less than a month, key House and Senate policymakers have started to outline proposals for what would be a massive piece of legislation.

WASHINGTON — Peter Voorhoeve, the new president of Volvo Trucks North America, predicted another banner year for the truck market in 2019 and voiced a desire to promote more respect for the truck driving profession.

On our Dec. 19 LiveOnWeb program, we were “Plugging Into an Electric Future” as we assessed the rapid escalation of development and deployment of electric vehicle technology. Watch the replay.

Oil extended an advance after a U.S. industry report signaled a bigger-than-expected draw in nationwide crude inventories and as trade tensions eased between the world’s largest economies.

Hyundai Motor Group and its suppliers plan to spend $6.7 billion (7.6 trillion won) through 2030 to raise production of fuel cells more than 200-fold as the South Korean automaker targets becoming a key player in new-energy vehicle technology.