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Government, Business, Safety, Fuel, Logistics

US Gulf Coast Faces Threat From Pair of Tropical Storms

Offshore rigs in the Gulf of Mexico have been evacuated for storms. An oil platform stands in the Gulf of Mexico off the coast of Louisiana. The incoming tropical storms Marco and Laura have prompted evacuations of such rigs. (Luke Sharrett/Bloomberg News)

Back-to-back tropical storms pose a combined threat to the U.S. Gulf Coast this week, where more than half of offshore oil production is already shut and residents from Texas to Florida are warily watching the skies.

Brian K. Sullivan | Bloomberg News
August 24, 2020
Government, Business, Fuel

Oil Set for Weekly Drop in Wake of Sluggish Global Economies

Oil pumping jacks operate in a Russian oilfield on Aug. 16. Oil pumping jacks operate in a Russian oilfield on Aug. 16. (Andrey Rudakov/Bloomberg News)

Oil is poised for the first weekly decline this month as signs of stumbling recoveries in major economies from Europe to Asia threaten to delay a demand rebound.

Andres Guerra Luz | Bloomberg News
August 21, 2020
Business, Technology, Fuel

Navistar Joins Effort to Adopt Electric Vehicle Standards

Navistar Navistar's headquarters in Lisle, Ill. (Christopher Dilts/Bloomberg News)

Navistar Inc. joined a global coalition of industrial and automotive businesses pushing to create standards for electric vehicles, the company announced Aug. 20.

August 21, 2020
Business, Technology, Fuel

ACT Virtual Series Highlights Environmental Sustainability Challenges

Freightliner eCascadia DTNA's Freightliner eCascadia on display at an event in 2019. (Daimler Trucks North America)

Advanced Clean Transportation on Aug. 18 kicked off a four-month series to discuss environmental sustainability in trucking and the challenges those efforts still face.

Connor D. Wolf | Staff Reporter
August 20, 2020
Business, Fuel, Logistics

World’s Largest Offshore Rig Owner Valaris Goes Bankrupt

An offshore drilling unit stands outside Cromarty, U.K. (Jason Alden/Bloomberg News)

Valaris Plc became the latest casualty of the global slump in oil prices, filing for bankruptcy Aug. 19 as the world’s largest offshore rig owner by fleet size seeks to restructure a roughly $7 billion debt load.

August 19, 2020
Business, Technology, Fuel, Logistics

GM to Double Down on China After Tesla Grabs EV Lead

Electric GM vehicles in Shanghai, China. GM outlined its technology rollout plan for electrification, intelligent driving and connectivity in China on Aug. 19. (Gilles Sabrie/Bloomberg News)

General Motors Co. is accelerating its push into the fast-growing electric-car segment in China, the world’s largest market, seeking to challenge sales leader Tesla Inc. and a slew of local contenders.

August 19, 2020
Government, Business, Fuel

Infrastructure Stakeholders to Host Forum in September

highway bridge construction Construction on the Interstate 69 and Interstate 610 interchange in Houston in July 2019. (Elizabeth Conley/Houston Chronicle via AP)

Groups and institutions consistently urging policymakers to dedicate additional funds for freight and commuter corridors will host “United for Infrastructure,” scheduled for the week of Sept. 14.

Eugene Mulero | Senior Reporter
August 18, 2020
Business, Technology, Equipment, Fuel

Xos Trucks Secures $20 Million in New Funding Round

Dakota Semler and Giordano Sordoni Xos Trucks co-founder and CEO Dakota Semler (left) and co-founder and chief operating officer Giordano Sordoni. (Xos Trucks Inc.)

Fledgling electric vehicle developer Xos Trucks Inc. completed a new round of financing, raising $20 million from a group of investors.

Jerry Hirsch | Contributing Writer
August 18, 2020
Government, Business, Fuel

Average Price of Diesel Stays Essentially Flat at $2.427 a Gallon

Truck fills up at Mobil gas station Daniel Acker/Bloomberg News

The price of diesel remained essentially flat the past week, dipping one-tenth of a cent to $2.427 a gallon, the Energy Information Administration reported Aug. 17.

Dan Ronan | Associate News Editor
August 17, 2020
Government, Business, Fuel

US Approves Oil, Gas Leasing Plan for Alaska Wildlife Refuge

An airplane flies over caribou in the Arctic National Wildlife Refuge. An airplane flies over caribou in the Arctic National Wildlife Refuge. (U.S. Fish and Wildlife Service via Associated Press)

The Trump administration on Aug. 17 took another step to opening Alaska’s Arctic National Wildlife Refuge to drilling for oil and gas, potentially fulfilling a decadeslong dream for Republicans.

Mark Thiessen | Associated Press
August 17, 2020