Fuel

About Fuel News...
Business, Fuel

TravelCenters of America Reports Q4 Net Loss, Eyes Alt Fuels

TravelCenters of America headquarters sign TA's fuel gross margin dropped 46.3% to $79.3 million in the fourth quarter compared with $147.6 million a year earlier. (TravelCenters of America)

TravelCenters of America Inc. reported a fourth-quarter loss and a decline in revenue as diesel gross margins plunged and pandemic-related restrictions remained in place at some of its restaurants.

Roger Gilroy | Senior Reporter
February 26, 2021
Business, Technology, Equipment, Fuel

Dana Taps Byron Foster as Chief Commercial Officer

Dana signage at event John Sommers II for Transport Topics

Dana Inc. announced Byron Foster joined the company as chief commercial, marketing and communications officer.

February 26, 2021
Business, Technology, Equipment, Fuel

Nikola Falls After Paring Output Goals for Debut Electric Trucks

Nikola A Nikola Tre. (Nikola Corp.)

Nikola Corp. shares slipped after the company cut projected output of its first commercial zero-emission vehicles and said it may seek to raise more capital to invest in facilities such as a planned hydrogen-fueling network.

February 26, 2021
Government, Business, Technology, Fuel

Secretary Pete Buttigieg Suggests Usage Charge as Sustainable Funding Solution

Pete Buttigieg Secretary Buttigieg delivers his address virtually. (Transport Topics)

Transportation Secretary Pete Buttigieg acknowledged the lack of sustainable transportation financing sources, but suggested an increase to the federal fuel tax rate would not offer a long-term solution.

Eleanor Lamb | Staff Reporter
February 25, 2021
Government, Business, Technology, Fuel

Senate Confirms EV Proponent Jennifer Granholm as Energy Secretary

Former Michigan Gov. Jennifer Granholm appears before the Senate Energy and Natural Resources Committee. Former Michigan Gov. Jennifer Granholm appears before the Senate Energy and Natural Resources Committee during a nomination hearing on Jan. 27. (Grame Jennings/Pool via AP)

Former Michigan Gov. Jennifer Granholm won Senate confirmation Feb. 25 to be President Joe Biden’s energy secretary. The vote was 64-35.

Matthew Daly | Associated Press
February 25, 2021
Government, Business, Technology, Fuel

Activists Say USPS Truck Purchase Defies Biden’s EV Order

USPS mail trucks arrive on a tow truck to a post office in California in August 2020. (Patrick T. Fallon/Bloomberg News) USPS mail trucks arrive on a tow truck to a post office in California in August 2020. (Patrick T. Fallon/Bloomberg News)

The U.S. Postal Service currently plans for only 10% of its new truck fleet to be electric, Postmaster General Louis DeJoy said Feb. 24, angering environmentalists who say the move flies in the face of a White House executive order to electrify the government’s vehicles.

February 25, 2021
Business, Technology, Fuel

Daimler Truck Eyes Profit Rebound, Electric Rig in Spinoff Year

A Daimler AG Freightliner Cascade Evolution concept autonomous truck stands on display. (Krisztian Bocsi/Bloomberg News) A Daimler Freightliner Cascade Evolution concept autonomous truck stands on display at a trade fair in Germany in 2016. (Krisztian Bocsi/Bloomberg News)

Daimler AG’s truck unit will focus on restoring earnings this year and start producing an electric big rig as it gets ready to separate from the larger Mercedes-Benz luxury-car division after more than a century.

Christoph Rauwald | Bloomberg News
February 25, 2021
Government, Business, Technology, Fuel

Ford CEO Farley Calls for Battery Production in US

Ford Motor Co. CEO Jim Farley by Spencer Platt/Getty Images via Bloomberg News Ford Motor Co. CEO Jim Farley by Spencer Platt/Getty Images via Bloomberg News

Ford Motor Co. CEO Jim Farley said the U.S. must begin building batteries for the coming wave of electric vehicles in order to avoid supply disruptions like the semiconductor shortage now shutting American auto factories.

Keith Naughton | Bloomberg News
February 24, 2021
Government, Business, Technology, Fuel

Biggest Electric School Bus Deal in US Approved in Maryland

Electric Bus A SAF T- Liner EC2 electric school bus, manufactured by Thomas Built Buses. (Krisztian Bocsi/Bloomberg News)

A school system outside Washington is poised to become the nation’s biggest operator of electric school buses.

Keith Laing | Bloomberg News
February 24, 2021
Business, Technology, Fuel

Tesla Shares Rally in Premarket Trading on ‘Buy the Dip’ Bounce

Tesla A Tesla factory sign. (John Locher/Associated Press)

Shares in Tesla Inc. gained in U.S. premarket trading, indicating that investors are buying the dip following a four-day drop that erased the electric carmaker’s year-to-date gains.

Beth Mellor | Bloomberg News
February 24, 2021

Pages