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Business, Technology, Fuel, Autonomous

Elon Musk Loses World’s Second-Richest Ranking

Elon Musk arrives at the Axel Springer Award ceremony in Germany on Dec. 1. (Liesa Johannssen-Koppitz/Bloomberg News) Elon Musk arrives at the Axel Springer Award ceremony in Germany on Dec. 1, 2020. (Liesa Johannssen-Koppitz/Bloomberg News)

Elon Musk’s Twitter posts keep sending Bitcoin prices tumbling. His own fortune is heading in the same direction. On May 17, Tesla Inc.’s CEO lost his spot as the world’s second-richest person.

Ben Stupples | Bloomberg News
May 18, 2021
Government, Business, Fuel

Diesel Rises 6.3¢ to $3.249; Gas Tops $3

Diesel fuel pump Diesel's national average increase of 6.3 cents a gallon this week is more than double the price increases of the previous two weeks combined. (Daniel Acker/Bloomberg News)

The national average price of a gallon of diesel climbed 6.3 cents to $3.249, according to Energy Information Administration data, in the third straight increase for trucking's main fuel.

Connor D. Wolf | Staff Reporter
May 17, 2021
Government, Business, Technology, Equipment, Fuel, TCA

Ford Visit Offers Symbolic Backdrop for Biden’s EV Agenda

The 2021 Ford F-150 The F-150 has been America’s best-selling vehicle for decades running. (Ford Motor Co.)

President Joe Biden’s planned visit May 18 to the Dearborn, Mich., Ford Motor Co. Rouge Electric Vehicle Center that will build an electric version of the F-150 pickup will showcase what experts say is a powerfully symbolic example of a zero-emission vehicle with mass market appeal, built in the U.S. by union workers.

May 17, 2021
Government, Business, Technology, Fuel

Granholm: Fuel Crisis Is Near Its End

Energy Secretary Jennifer Granholm Energy Secretary Jennifer Granholm by Evan Vucci/Associated Press

WASHINGTON — Energy Secretary Jennifer Granholm says the nation is “over the hump” on gas shortages following a ransomware cyberattack that forced a shutdown of the nation’s largest gasoline pipeline.

Matthew Daly | Associated Press
May 15, 2021
Business, Technology, Fuel

DTNA Launches EV Consulting Services, Chargers

DTNA eFill Detroit eFill charging stations. (Daimler Trucks North America)

Daimler Trucks North America announced its new Detroit eConsulting services and the Detroit eFill line of electric commercial vehicle chargers intended to support fleets and customers in the deployment of all-electric trucks.

Roger Gilroy | Senior Reporter
May 14, 2021
Government, Business, Fuel

Gas Crunch From Cyberattack Intensifies in Nation’s Capital

gas pump empty A gas pump at a gas station in Silver Spring, Md., is out of service May 13. (Manuel Balce Ceneta/AP)

Gas shortages at the pumps are spreading from the South to the Mid-Atlantic states, where Virginia and the District of Columbia have become some of the hardest hit areas after a cyberattack that forced a shutdown of the nation’s largest gasoline pipeline.

May 14, 2021
Business, Technology, Fuel, Autonomous

EV Startups Lose More Than $40 Billion After Taking SPAC Route Public

Lordstown vehicle The Lordstown Endurance electric pickup. (Matthew Hatcher/Bloomberg)

At their highs, five electric vehicle startups that went public through mergers with special purpose acquisition companies were worth $60 billion. The corrections that followed have been brutal.

Craig Trudell | Bloomberg News
May 14, 2021
Government, Business, Technology, Fuel, Logistics

Lawmakers Back $8 Billion for Electric USPS Vehicles

USPS delivery vehicles sit outside a post office in California in August 2020. (Patrick T. Fallon/Bloomberg News) USPS delivery vehicles sit outside a post office in California in August 2020. (Patrick T. Fallon/Bloomberg News)

House lawmakers advanced language authorizing $8 billion for the U.S. Postal Service to buy more electric vehicles as the agency modernizes its aging fleet.

Todd Shields | Bloomberg News
May 13, 2021
Government, Business, Fuel

Biden Warns Against Gas Price Gouging After Cyberattack

President Joe Biden delivers remarks about the Colonial Pipeline hack from the White House on May 13. (AP) President Joe Biden delivers remarks about the Colonial Pipeline hack from the White House on May 13. (Evan Vucci/Associated Press)

President Joe Biden warned gasoline stations not to engage in any price gouging as motorists wait for fuel to start flowing reliably through the Colonial Pipeline, which reopened on May 12 after falling victim to a cyberattack.

Josh Boak | The Associated Press
May 13, 2021
Government, Business, Safety, Fuel

Federal, State Responses to Colonial Pipeline Attack Consider Trucking

tank truck Tanker trucks pull into a distribution facility connected to the Colonial Pipeline Co. system at the Port of Baltimore on May 11. (Samuel Corum/Bloomberg)

Government agencies at the federal and state levels took a variety of measures — including some to help facilitate truck movement — in response to the cyberattack that temporarily halted operations for Colonial Pipeline.

Eleanor Lamb and Dan Ronan | Staff Reporters
May 13, 2021

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