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Government, Business, Technology, Fuel

CARB Rule Would Set Sale Quotas for Zero-Emission Trucks

Golden Gate Bridge The Golden Gate Bridge over San Francisco Bay. For Class 7 and Class 8 tractors, the regulation would require 3% of annual sales of zero-emissions tractors in California to begin in model year 2024, reaching 15% annually by model year 2030. (Getty Images)

The California Air Resources Board has proposed a regulation requiring that manufacturers sell a set percentage of zero-emissions battery-electric and fuel cell trucks beginning with model year 2024.

Eric Miller | Staff Reporter
November 6, 2019
Business, Technology, Fuel, Autonomous

Volvo Trucks Sells First Electric Trucks to European Customers

Volvo FL Volvo FL by Volvo Trucks

Volvo Trucks announced the start of sales of Volvo FL and Volvo FE electric trucks in selected markets within Europe, including for distribution and refuse hauling, as the region faces increasing demand for environmentally conscious urban transport.

November 6, 2019
Government, Business, Fuel

Shale Oil Pioneers Say the Boom Times Are Over

Shale Oil The Texas flag flies at a drilling rig in the Permian basin outside of Midland, Texas. (Brittany Sowacke/Bloomberg News)

The days of relentless production growth from U.S. shale oil fields are ending, potentially aiding OPEC’s yearslong effort to drain a worldwide supply glut, according to industry pioneers Scott Sheffield and Mark Papa.

November 6, 2019
Business, Technology, Fuel

Cummins Puts Faith in Diesel, Readies for Hydrogen

Cummins exhibit at 2019 NACV A view of the Cummins exhibit at the North American Commercial Vehicle Show in Atlanta. (John Sommers II for Transport Topics)

ATLANTA — Cummins Inc., underscoring its belief in the power of choice, announced its latest advances in fuel efficiency for its heavy-duty diesel engines and showcased hydrogen fuel cell technology in its own Class 8 demonstration model.

Roger Gilroy | Staff Reporter
November 5, 2019
Business, Fuel

Shell to Buy French Offshore Wind-Power Developer

Shell A truck driver delivers gasoline to a Shell station in Peoria, Ill. The company is now expanding into renewable power sources. (Daniel Acker/Bloomberg News)

Royal Dutch Shell Plc has agreed to buy French offshore wind developer Eolfi SA, continuing its expansion into renewable power.

Kelly Gilblom | Bloomberg News
November 5, 2019
Business, Fuel

TA Posts Strong Q3 Results

TravelCenters of America in Wildwood, Florida A TravelCenters of America location in Wildwood, Fla. TA recently entered into an agreement with IHOP to convert up to 94 TA restaurants to IHOP locations in the next five years. (TravelCenters of America)

TravelCenters of America Inc. reported strong third-quarter earnings when the Westlake, Ohio-based company announced its financial results Nov. 5.

Dan Ronan | Associate News Editor
November 5, 2019
Government, Business, Equipment, Safety, Fuel

Operational Cost of Trucking Up 7.7%, ATRI Report Says

Truck on the road in Oregon According to ATRI, the average marginal cost per mile incurred by motor carriers in 2018 rose to $1.82, marking a 7.7% increase from 2017. (Getty Images)

The costs associated with trucking have increased substantially, according to a new report from the American Transportation Research Institute.

Eleanor Lamb | Staff Reporter
November 4, 2019
Government, Business, Fuel

Diesel Dips 0.2¢ to $3.062 a Gallon

Close-up of diesel pumps “Oil prices are dancing to the upbeat U.S.-China trade tune,” PVM Oil Associates analysts Tamas Varga and Stephen Brennock wrote in a report. (Daniel Acker/Bloomberg News)

The U.S. average retail price of diesel fell 0.2 cent to $3.062 a gallon, the Department of Energy reported Nov. 4.

Roger Gilroy | Staff Reporter
November 4, 2019
Government, Business, Technology, Fuel

VMT Tax for Trucks Presents Revenue Option for Highway Account, CBO Reports

VMT Tax Interstate 80 in Nevada. (nevadadot via YouTube)

About $2.6 billion in revenue would have been generated in 2017 if commercial trucks were taxed at a rate of 1 cent per mile, and compliance reached a rate of 90%, according to a recent report by the Congressional Budget Office.

Eugene Mulero | Staff Reporter
November 4, 2019
Government, Business, Fuel

Oil Near Six-Week High as US-China Trade Deal Hopes Increase

Oil A worker unloads crude oil from a tanker in Loving County, Texas. (Angus Mordant/Bloomberg News)

Oil held its biggest gain in almost seven weeks after improved U.S. and Chinese economic data aided the demand outlook, while optimism increased that the U.S. and China will resolve their trade dispute.

Alex Longley | Bloomberg News
November 4, 2019

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