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Government, Business, Safety, Fuel

Zeta on Course to Hit New Orleans as Category 2 Hurricane

Damage is seen in Puerto Morelos, Mexico, on Oct. 27, after Hurricane Zeta passed through. Damage is seen in Puerto Morelos, Mexico, on Oct. 27, after Hurricane Zeta passed through. (Elizabeth Ruiz/AFP/Getty Images)

Hurricane Zeta is strengthening as it spins across the Gulf of Mexico, threatening to slam into New Orleans in the evening Oct. 28 as a Category 2 storm capable of uprooting trees and causing massive power outages.

Brian K. Sullivan | Bloomberg News
October 28, 2020
Government, Business, Fuel

Diesel Dips for Seventh Time in Eight Weeks; Zeta Pounds Gulf Coast

A DB Trucking tanker delivers fuel A DB Trucking tanker delivers fuel to a station in Florida. (Truck PR/Flickr)

The national average price of diesel decreased three-tenths of a cent, according to the Energy Information Administration’s weekly data released Oct. 26. The drop is the seventh in the past eight weeks.

Dan Ronan | Associate News Editor
October 26, 2020
Business, Technology, Fuel, Autonomous

Elon Musk Cruises to $11.8 Billion Haul, Is Now World’s Fourth-Richest Person

Elon Musk's wealth has more than quadrupled this year, the largest gain of anyone on Bloomberg's Billionaires Index. Elon Musk's wealth has more than quadrupled this year, the largest gain of anyone on Bloomberg's Billionaires Index. (Saul Martinez/Getty Images)

Tesla Inc.’s Elon Musk collected the fourth tranche of his moonshot award this month, bringing his aggregate haul to $11.8 billion.

Anders Melin | Bloomberg News
October 26, 2020
Government, Business, Fuel

Oil Slumps Below $39 on Surging Virus and Libya Restart

A pump jack operates near Stratford, Texas, on Sept. 26. A pump jack operates near Stratford, Texas, on Sept. 26. (Angus Mordant/Bloomberg News)

Oil extended its slide to a second day on a cocktail of surging coronavirus cases in the U.S. and Europe, dwindling prospects for pre-election stimulus in Washington and a steady resumption of supply from Libya.

Alex Longley | Bloomberg News
October 26, 2020
Business, Technology, Equipment, Fuel, Autonomous

Daimler Records Higher Net Income on Lower Revenue in Q3

Daimler Cascadia truck A Daimler Freightliner Cascadia truck. Third-quarter revenue fell to $47.6 billion compared with $51.2 billion a year earlier. (Daimler AG)

Daimler AG reported higher net income on lower revenue in the third quarter as core markets began to recover from the impact of COVID-19.

Roger Gilroy | Senior Reporter
October 23, 2020
Government, Business, Technology, Fuel, Logistics

EV Mania Turns Battery Makers Into Power Brokers

The SK Battery America facility is seen under construction in Commerce, Ga., on Oct. 22. The SK Battery America facility is seen under construction in Commerce, Ga., on Oct. 22. (Elijah Nouvelage/Bloomberg News)

Automakers are investing billions of dollars to bring new electric vehicles to consumers in the U.S. and other global markets, but their success hinges on securing the most critical and expensive component: the battery.

October 23, 2020
Government, Business, Fuel

Chicago Mayor’s Budget Proposal Calls for City Fuel Tax Hike

View of Chicago A view of Chicago at sunrise. Chicago’s current vehicle fuel tax rate is 5 cents per gallon. Additionally, Illinois’ motor fuel tax is 46 cents per gallon for diesel and 38 cents per gallon for gasoline. (Gian Lorenzo Ferretti Photography/Getty Images)

Chicago is planning for a 3-cent fuel tax increase in an effort to help restore the city’s financial well-being amid the coronavirus pandemic,

Eleanor Lamb | Staff Reporter
October 22, 2020
Business, Technology, Fuel

Early Adopters of Electric Trucks Say Planning, Partnerships Are Crucial

Paul Rosa Paul Rosa by Transport Topics

Truck makers are beginning to introduce battery-electric models, but successfully deploying this new breed of commercial vehicle requires fleets to manage a bevy of new considerations, including installation of charging equipment, coordination with utility companies and exploring government incentives.

Seth Clevenger | Managing Editor, Features
October 22, 2020
Business, Technology, Fuel

GM ‘Going Forward’ With Nikola Partnership Talks on Trucks

Signage is displayed out the Nikola headquarters in Phoenix, Ariz. Signage is displayed out the Nikola headquarters in Phoenix, Ariz. (Ash Ponders/Bloomberg News)

General Motors Co. is moving ahead in its talks with startup Nikola Corp. over a proposed partnership to make electric and fuel cell powered trucks, a senior executive at the Detroit automaker said.

Ed Ludlow | Bloomberg News
October 21, 2020
Business, Technology, Equipment, Safety, Fuel

Allison Gears Up for E-Axles

Allison Allison Transmission headquarters. (Allison Transmission

Allison Transmission Inc., widely known for its medium- and heavy-duty fully automatic transmissions, announced the launch of eGen Power, its series of zero-emission electric axles.

Roger Gilroy | Senior Reporter
October 21, 2020

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