Fuel
Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.
Georgia Tax Revenue Rises on Restarted Motor Fuel Taxes
Georgia’s reinstatement this year of motor fuel taxes helped the state collect 13.1% more revenue to reach nearly $2.5 billion in July compared with the previous year.
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Ford, SK to Build Battery Plant in Quebec
Ford Motor Co. is joining with South Korean battery-component makers SK On Co. and EcoPro BM Co. to build a cathode active material plant in Quebec worth more than C$1.2 billion ($887 million).
Proterra’s Bankruptcy Illustrates Challenges for EV Startups
Electric bus maker Proterra Inc. is one of the highest-profile EV company casualties in recent years, but analysts say to expect more.
Diesel Price Up Another 13.9¢ to $4.378 a Gallon
Diesel prices climbed another 13.9 cents a gallon for the fourth straight week of a dime-or-more national average surge, according to data from the Energy Information Administration.
EV Maker VinFast Soars in Nasdaq Debut
VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. as traders flipped shares of the electric vehicle maker.
Lordstown Settles Karma Lawsuit for $40 Million
Lordstown Motors Corp. has agreed to pay $40 million to settle a Karma Automotive lawsuit alleging that the company lifted designs and technology to develop its flagship Endurance truck.
Amazon Dinged for Coming Up Short on Carbon-Emission Actions
Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from the world’s leading watchdog of corporate climate goals.
Nikola to Halt Sales, Recall Trucks After Battery Fires
All the Class 8 Tre battery-electric trucks Nikola Motor sold or sent to potential customers for testing are being recalled, the company said.
Global Oil Demand Hits Record and Prices May Climb, IEA Says
Global oil demand has surged to a record amid robust consumption in China and elsewhere, threatening to push prices higher, the International Energy Agency said.
Natural Gas-Fueled Volvo Trucks Set for North American Tests
The first testing of natural gas-fueled European Volvo Group Class 8 trucks on North American roads is set to begin by the end of September, and more imports could be on the way.