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Business, Technology, Fuel

Nikola Founder Trevor Milton to Give 50 Employees $233 Million of His Stock

Nikola Founder Trevor Milton said he would give away shares to 50 employees. Nikola Founder Trevor Milton speaks to TT Newsmakers host Dan Ronan for an episode called "The Evolution of Electric Trucks." (Transport Topics)

Trevor Milton, the founder and chairman of Nikola Corp., is giving the first 50 employees of the electric-truck startup 6 million of his own shares after making a promise when he hired them.

August 27, 2020
Government, Business, Technology, Fuel

VW CEO Backs Bill Gates’ Proposals for Greener Transportation

VW CEO Herbert Diess praised Bill Gates' proposals for cleaner transportation. Empty electric automobile charging bays sit in an employee parking lot at the Volkswagen AG headquarter factory in Wolfsburg, Germany, on Aug. 25. (Krisztian Bocsi/Bloomberg News)

Volkswagen AG’s CEO encouraged Bill Gates to advise governments on how to lower carbon emissions from transportation and renewed his criticism of Germany’s slow abandonment of coal power.

Christoph Rauwald | Bloomberg News
August 27, 2020
Business, Fuel, Top 100

Walmart Cuts 230 Million Tons of Emissions, With Supplier Help

A Walmart truck in front of the company's fulfillment center in Bethlehem,  Pa.  (Michael Nagle/Bloomberg News) A Walmart truck in front of the company's fulfillment center in Bethlehem, Pa. Walmart's report says it will maximize the sustainability of its fleet. (Michael Nagle/Bloomberg News)

Walmart Inc. has cut 230 million metric tons of greenhouse gases out of its supply chain in the past three years, putting the world’s largest retailer on track to achieve its 2030 emissions goal.

Emily Chasan | Bloomberg News
August 26, 2020
Business, Equipment, Fuel, Logistics, Top 50, Top 100

Schneider to Test Freightliner eCascadia Through 2021

Schneider truck and Freightliner eCascadia truck Schneider said it will test Freightliner's eCascadia through 2021 to address potential challenges to widespread adoption of electric trucks. (left: John Sommers II for Transport Topics; right: Daimler Trucks North America)

Schneider said it will test the Freightliner eCascadia through 2021 to address potential challenges to widespread use of commercial battery-electric vehicles.

Roger Gilroy | Senior Reporter
August 26, 2020
Government, Business, Safety, Fuel

Now a Category 4 Hurricane, Laura Could Bring ‘Unsurvivable’ Storm Surge

A GOES-16 GeoColor satellite image taken Aug. 26 at 2:40 p.m. EDT of Hurricane Laura A GOES-16 GeoColor satellite image taken Aug. 26 at 2:40 p.m. EDT. (NOAA via AP)

DELCAMBRE, La. — Laura strengthened Aug. 26 into a menacing Category 4 hurricane, raising fears of a 20-foot storm surge that forecasters said would be “unsurvivable” and capable of sinking entire communities. Authorities implored coastal residents of Texas and Louisiana to evacuate and worried that not enough had fled.

August 26, 2020
Business, Technology, Fuel

NACFE Identifies Priority Regions for EV Deployments

NACFE electrification map The areas in dark red have been identified as well suited for moving freight economically with EVs: California, Texas’ four largest urban centers, the Northwest, the Rocky Mountain front range and the Northeast. (NACFE)

The United States has five high-priority areas where the regional haul environment is inherently so well suited for moving freight economically with electric vehicles that fleet owners there should plan to deploy those trucks “even if just as a pilot project,” according to the North American Council for Freight Efficiency.

Roger Gilroy | Senior Reporter
August 25, 2020
Government, Business, Safety, Fuel

Gasoline Rises to Five-Month High on US Gulf Hurricane Threat

Gasoline futures set a five-month high in anticipation of Hurricane Laura. (Andrey Rudakov/Bloomberg News)

Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home to the nation’s greatest concentration of refining capacity.

Andres Guerra Luz | Bloomberg News
August 25, 2020
Government, Business, Safety, Fuel, Logistics

Hurricane Laura Set to Slam US Energy Coast

Workers board up windows in New Orleans' French Quarter in anticipation of Marco and Laura. Workers board up windows in New Orleans' French Quarter on Aug. 23 in anticipation of hurricanes Marco and Laura.

Hurricane Laura is poised to strengthen rapidly and come ashore along the Texas-Louisiana coast as a tree-snapping Category 3 storm, forcing residents to flee their homes despite the threat of COVID-19.

Brian K. Sullivan | Bloomberg News
August 25, 2020
Government, Business, Fuel

Diesel Price’s Virtual Holding Pattern Continues

Filling up a truck with diesel Daniel Acker/Bloomberg News

For the second week in a row, the price of diesel remained essentially flat compared with the prior week, dipping just one-tenth of a cent to $2.426 a gallon, the Energy Information Administration reported Aug. 24.

Dan Ronan | Associate News Editor
August 24, 2020
Government, Business, Safety, Fuel

Trump’s Arctic Oil Drilling Plan Will Be Tested in Court

Environmentalists and Alaska natives are challenging the decision to sell drilling rights in ANWR. The Arctic National Wildlife Refuge in Alaska. (US Fish and Wildlife Service/Getty Images)

Environmentalists and Alaska natives are challenging the Trump administration’s decision to sell drilling rights in the Arctic National Wildlife Refuge, arguing the government gave short shrift to the impact on polar bears and the region’s other wildlife.

Jennifer A. Dlouhy | Bloomberg News
August 24, 2020

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