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Business, Technology, Fuel, Autonomous

Tesla Extends Rally With Market Value Nearing Consumer Giant P&G

The Tesla assembly plant in Fremont, Calif. A truck sprays water at a construction site next to Tesla's assembly plant in Fremont, Calif., on Aug. 13. (David Paul Morris/Bloomberg News)

The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.

Esha Dey | Bloomberg News
August 17, 2020
Business, Equipment, Fuel, Logistics, Top 50, Top 100

Black Horse Carriers Joins Penske’s Electric Vehicle Program

Penske electric vehicle Penske Truck Leasing

Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.

August 17, 2020
Government, Business, Fuel

Oil Drops for Third Day Before OPEC+ Reviews Easing Output Cuts

An employee walks down stairs at the Armada gas condensate platform. (Simon Dawson/Bloomberg News)

Oil fell below $42 a barrel in New York as OPEC+ gathered to assess its supply deal, with countries struggling to contain the virus that has hurt economies and fuel demand globally.

Alex Longley | Bloomberg News
August 17, 2020
Government, Business, Technology, Fuel

Agency OKs $27M to Boost Zero-Emission Vehicles in California

Bosch Nikola Bosch Nikola truck by John Sommers II for Transport Topics

California’s South Coast Air Quality Management District has approved the first installment of $27 million in a program that ultimately will provide up to $90 million to replace higher-polluting Class 8 trucks and port drayage trucks with zero-emission vehicles.

Eric Miller | Senior Reporter
August 17, 2020
Business, Technology, Equipment, Fuel

Navistar Locates NEXT eMobility Unit in Michigan

Navistar NEXT building The new Navistar NEXT eMobility business unit facility in Rochester Hills, Mich. (Navistar)

Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.

August 14, 2020
Government, Business, Fuel, Logistics

US Seizes Four Iranian Tankers Carrying Fuel to Venezuela

The Iranian tanker Grace 1. The Iranian tanker Grace 1 sits silhouetted off the coast of Gibraltar in July 2019. (Bloomberg News)

The U.S. seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration that carries the potential to destabilize global oil shipments if Iran retaliates.

August 14, 2020
Business, Fuel

Oil Set to Eke Out Weekly Gain With Virus Fears Capping Prices

Oil storage tanks are seen in Port Fourchon, La. Oil storage tanks are seen in Port Fourchon, La. (Luke Sharrett/Bloomberg News)

Oil is poised to post a second straight weekly gain, buoyed by an improving global economic picture and rising U.S. gasoline demand.

Andres Guerra Luz | Bloomberg News
August 14, 2020
Business, Technology, Fuel

ExxonMobil to Distribute Renewable Diesel

Exxon sign Luke Sharrett/Bloomberg News

ExxonMobil announced an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years.

August 14, 2020
Business, Equipment, Fuel

Portion of Anheuser-Busch Fleet to Use Renewable Natural Gas

Budweiser truck A Budweiser truck in Columbus, Ohio. (Kiichiro Sato/Associated Press)

Anheuser-Busch is transitioning more than 180 Class 8 trucks, representing 30% of its dedicated fleet, to renewable natural gas.

August 14, 2020
Government, Business, Fuel

Senate Passes Pipelines Policy Bill

oil pipeline Getty Images

The Senate this month passed a bipartisan bill that would reauthorize the agency overseeing pipeline safety across the country.

Eugene Mulero | Senior Reporter
August 14, 2020