Government, Business, Technology, Fuel

California Aims to Drop Fossil Fuels for Electricity by 2045

Fossil Fuels A wind farm. (Daniel Acker/Bloomberg News)

SACRAMENTO, Calif. — California has set a goal of phasing out electricity produced by fossil fuels by 2045 under legislation signed Sept. 10 by Gov. Jerry Brown.

Jonathan J. Cooper | Associated Press
September 11, 2018
Government, Business, Fuel

Diesel Inches Up 0.6¢ to $3.258 a Gallon

Tractor-trailers pull in for diesel to a truck stop at night David C. Worley/Flickr

The U.S. average retail price of diesel inched up 0.6 cent to $3.258 a gallon, while crude oil prices fell amid questions over supplies in light of looming sanctions against Iran.

Roger Gilroy | Staff Reporter
September 10, 2018
Government, Business, Fuel

Oil Demand Seen Peaking by 2023 While Climate Targets Are Missed

Trucks transporting oil exit a Valero facility Luke Sharrett/Bloomberg News

Within 20 years, oil use will have long since peaked, renewables and natural gas will account for about half of energy supply and the cost of keeping the lights on will plummet. But that still won’t be enough to meet climate goals, according to a forecast from energy and maritime services company DNV GL Group AS.

Kelly Gilblom | Bloomberg News
September 10, 2018
Business, Fuel

Aurora Capital Partners Sells Restaurant Technologies Inc.

Restaurant Technologies Restaurant Technologies Inc.

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.

Daniel P. Bearth | Staff Writer
September 10, 2018
Business, Fuel

Trillium to Upgrade Austin, Texas, CNG Station for Heavy-Duty Trucks

A Trillium CNG station A truck at a Trillium CNG fueling station in Pennsylvania. (Contract Transport Services)

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.

Transport Topics
September 10, 2018
Business, Technology, Equipment, Fuel, TCA

Manual Transmissions Rapidly Becoming a Thing of the Past

Manual Transmissions A Peterbilt 579, which has the option of an automated transmission. (Peterbilt)

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.

Adam Belz | Star Tribune (Minneapolis)
September 7, 2018
Business, Technology, Fuel

Tesla Erupts in Chaos After Senior Executives Leave, Musk Tokes Up

Tesla building Jasper Juinen/Bloomberg News

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.

Dana Hull | Bloomberg News
September 7, 2018
Government, Business, Fuel

Airlines Are Stepping Up Oil Hedges Before 2020 Shipping Rule Bites

2020 Shipping Rule Cargo planes. (Lajos Jardai/Bloomberg News)

Airlines are starting to hedge against the risk that fuel prices could be driven higher by rules targeting another industry’s environmental performance.

Alex Longley | Bloomberg News
September 6, 2018
Government, Business, Technology, Equipment, Fuel

Florida Scores Biggest Annual Gain in Heavy-Duty Clean Diesel Trucks

Oakley An Oakley Transport tanker. (John Sommers II for Transport Topics)

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.

Roger Gilroy | Staff Reporter
September 6, 2018
Business, Technology, Fuel

Electric Trucks Could Save Europe 11 Billion Barrels of Oil Through 2050

A Mercedes-Benz eActros electric cargo truck, left, and a Mercedes-Benz Vito electric van A Mercedes-Benz eActros electric cargo truck (left) stands beside a Mercedes-Benz Vito electric van during the Daimler AG shareholder meeting in Berlin on April 5. (Krisztian Bocsi/Bloomberg)

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.

Jeremy Hodges | Bloomberg News
September 6, 2018