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Business, Fuel

Oil Advances to Eight-Month High on Demand Optimism

Fuel storage tanks stand in California on April 23. (David Paul Morris/Bloomberg News) Fuel storage tanks stand in California on April 23. (David Paul Morris/Bloomberg News)

Oil extended gains, trading at its highest level since March, on mounting optimism that recent breakthroughs on a COVID-19 vaccine will lead to a swift recovery in global energy demand next year.

November 25, 2020
Government, Business, Equipment, Fuel

High Freight Demand Provides Momentum for Trucking Industry

Trucks John Sommers II for Transport Topics

Economic indicators suggest the trucking industry could be poised for growth in 2021, after the coronavirus pandemic caused a topsy-turvy year in 2020 marked by unpredictable demand and continued uncertainty in the driver pool.

Connor D. Wolf | Staff Reporter
November 24, 2020
Business, Technology, Equipment, Fuel

Strehl Announces Acquisition of Rocketail

An employee holds the 17-pound Rocketail wing. (Rocketail) An employee holds the 17-pound Rocketail wing. (Rocketail)

Strehl purchased the assets of the semi-trailer tail-end drag reduction systems maker Rocketail, the company announced Nov. 23.

November 24, 2020
Government, Business, Technology, Equipment, Safety, Fuel

Operational Cost of Trucking Down 9.3%, ATRI Finds

Trucks (John Sommers II for Transport Topics)

Costs associated with trucking operations have decreased, according to the American Transportation Research Institute.

Eleanor Lamb | Staff Reporter
November 24, 2020
Business, Technology, Equipment, Fuel, Logistics

2021 Expected to Be Pivotal Year for Commercialization of Electric Vehicles

VTNA VNR electric truck Volvo Trucks North America plans to launch full-scale production of the VNR Electric at its New River Valley manufacturing plant in Dublin, Va., in 2021. (Volvo Trucks)

With major truck manufacturers pushing into factory-built electric vehicles, 2021 is poised to be the year for the technology to transition from pilot testing to commercialization.

Jerry Hirsch | Contributing Writer
November 24, 2020
Government, Business, Fuel

Oil Jumps Past $45, Dow Eclipses 30,000

Crude oil pipework is seen in an oilfield in Russia. Crude oil pipework is seen in an oilfield in Russia. (Andrey Rudakov/Bloomberg News)

Oil reclaimed heights not seen since the pandemic shocked markets in the spring, with the start of the U.S. presidential transition and improved vaccine prospects infusing optimism across markets.

Andres Guerra Luz | Bloomberg News
November 24, 2020
Government, Business, Fuel

NTTC, ATA Seek Approval of Electronic Documents for Hazmat Shipments

A Mack truck tanker on a highway. (Mack Trucks) A Mack truck tanker on a highway. (Mack Trucks)

National Tank Truck Carriers and American Trucking Associations have petitioned federal hazardous materials regulators to “without delay” develop a rulemaking that would allow motor carriers to use and accept electronic shipping papers and certifications for hazmat shipments.

Eric Miller | Senior Reporter
November 24, 2020
Government, Business, Fuel

Diesel Rises 2.1¢ to $2.462 a Gallon

Trucks at a Mobil gas station Trucks sit in a parking lot outside a Mobil gas station in Morton, Ill. The 2.1-cent increase in diesel’s average price follows a 5.8-cent jump the prior week, the largest increase of 2020. (Daniel Acker/Bloomberg News)

The nationwide average price of diesel fuel increased 2.1 cents per gallon, according to U.S. Energy Information Administration.

Connor D. Wolf | Staff Reporter
November 23, 2020
Government, Business, Safety, Fuel

Trucking Offered Measure of Stability in Diesel Revenue as Pandemic Caused Gas Tax Revenue to Tank

Trucker gets fuel Thinkstock

In addition to essential supplies, truck drivers during the pandemic provided a service that is less tangible but no less important: boosting revenue for state transportation departments.

Eleanor Lamb | Staff Reporter
November 20, 2020
Government, Business, Fuel

States Take Action as COVID-19 Chokes Revenue Streams

Sunoco gas station via RiverNorthPhotography via Getty Images A Sunoco gas station in Troy, Mich. (RiverNorthPhotography via Getty Images)

Many state transportation agencies continue to develop revenue forecasts to determine how much money they can expect to lose in fuel tax revenue, tolls and transit fares in the wake of the pandemic.

Eleanor Lamb | Staff Reporter
November 20, 2020

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