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Government, Fuel

Diesel Bumps Up 2.1¢ to $3.406 a Gallon

Fuel tanker on the highway Diesel's biggest increase came in the Midwest, where it climbed 3.6 cents a gallon. (Getty Images)

The national average price for diesel rose 2.1 cents to $3.406 a gallon, the first time it has eclipsed $3.40 in nearly seven years, according to Energy Information Administration data released Sept. 27.

September 27, 2021
Business, Technology, Fuel

Xos to Use Cox Automotive Mobility for Battery Remanufacturing

Xos A Xos truck on display. (TT File Photo)

Xos Inc., a manufacturer of Classes 5-8 battery-electric commercial vehicles, announced a collaboration with Cox Automotive Mobility to leverage the automotive services provider’s remanufacturing capabilities for Xos battery packs.

September 27, 2021
Government, Business, Safety, Fuel

Trucker Visa Move to Get Gas Flowing in UK Called Inadequate

UK Trucks near Dartford, England. (Chris Ratcliffe/Bloomberg News)

Boris Johnson caved in to industry demands to issue visas to foreign truck drivers, as a crisis that has led to panic-buying at gas stations and empty supermarket shelves threatens to undermine his government.

Alex Morales | Bloomberg News
September 27, 2021
Business, Technology, Equipment, Fuel

EV Maker Polestar Valued at $20 Billion in SPAC Deal

Polestar Cables sit in the trunk of a Polestar 1 electric automobile, manufactured by Volvo. (Stefan Wermuth/Bloomberg News)

Polestar, the electric vehicle maker backed by Volvo Car Group and actor Leonardo DiCaprio, agreed to go public through a merger with a blank-check company at a roughly $20 billion enterprise valuation.

September 27, 2021
Business, Technology, Fuel

Mercedes-Benz Plans $8.2 Billion European Battery Venture

Mercedes EQT The Mercedes-Benz EQE electric vehicle. (Alex Kraus/Bloomberg)

Daimler AG will team up with Stellantis NV and TotalEnergies SE to boost the scale of their European battery venture to more than 7 billion euros ($8.2 billion) in a move to secure supplies for electric Mercedes-Benz cars.

September 24, 2021
Business, Technology, Fuel

Maersk Buys Stake in Electrofuel Startup in Race to Ditch Oil

Maersk Buys Stake in Electrofuel Startup in Race to Ditch Oil An A.P. Moeller-Maersk A/S container ship is berthed at the Pasir Panjang wharves at the Port of Singapore. (Munshi Ahmed/Bloomberg)

A.P. Moller-Maersk A/S is investing in a startup that develops electrofuels as part of a strategy to own technologies that can help it become carbon neutral.

Christian Wienberg | Bloomberg News
September 23, 2021
Business, Technology, Equipment, Fuel, Top 100

NACFE Finds Many Fleets Could Run Electric Trucks Now

Run on Less — Electric logo North American Council for Freight Efficiency

Fleets in four market segments could switch to battery-electric vehicles right now, the North American Council for Freight Efficiency concluded after its recent Run on Less — Electric event.

Roger Gilroy | Senior Reporter
September 23, 2021
Government, Business, Technology, Fuel

Retailers Face Challenges Installing Electric Vehicle Chargers

EV chargers Walmart Inc.

Retail fuel outlets such as truck stops and gas stations say they are seriously weighing investment in electric vehicle chargers, but face such challenges as customer “range anxiety,” high utility charges for electricity and political policy uncertainties.

Eric Miller | Senior Reporter
September 22, 2021
Business, Technology, Fuel, Logistics

Workhorse Shares Sink After It Halts Electric Van Deliveries

A Workhorse C-1000 electric van A Workhorse C1000 electric van on the streets on New York City. (Workhorse)

Workhorse Group Inc. shares plunged Sept. 22 to their lowest since May after the embattled electric vehicle maker said it will suspend deliveries of its vans and recall units it has already delivered.

Esha Dey | Bloomberg News
September 22, 2021
Business, Technology, Equipment, Fuel

Ford, Redwood to Partner on Recycling EV Battery Materials

Ford The all-electric Ford F-150 Lightning pickup truck. (Emily Elconin/Bloomberg News)

Redwood Materials Inc., the startup founded by Tesla alum J.B. Straubel, has formed a partnership with Ford Motor Co. to recycle and reuse key ingredients within the lithium-ion batteries that will power the automaker’s burgeoning fleet of electric vehicles.

David R. Baker | Bloomberg News
September 22, 2021

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