AxleTech, Thor Trucks Partner to Build Heavy-Duty E-Powertrain
AxleTech and Thor Trucks have partnered to create a fully electric commercial vehicle powertrain, according to an Oct. 16 press release. The two will integrate AxleTech’s e-axle technology with Thor’s proprietary battery technology.
October 22, 2018Marathon Considers Selling High-Ethanol Gas in Minnesota
Marathon Petroleum Corp., the largest U.S. oil refiner after its $23.3 billion acquisition of rival Andeavor this month, is weighing a plan to start sales of high-ethanol gasoline at its stations in Minnesota, according to people familiar with the matter.
October 22, 2018Refiners Slump as Trump Looks to Slow-Roll IMO Fuel Mandate
U.S. refiners are getting stung by President Donald Trump’s reported efforts to keep consumer prices from rising in the run-up to the 2020 election. The Trump administration is seeking to slow the implementation in 2020 of tighter fuel restrictions on the global shipping industry.
October 19, 2018Trucking to Turn More to Alternative Fuels, Experts Say
INDIANAPOLIS — Sales of Class 8 natural gas fueled trucks are rising, grants and incentives for using alternative fuels are expanding and more related regulations are coming as major shippers pursue environmental sustainability, experts said at an industry forum here.
October 18, 2018Congestion Creates $74.5 Billion Burden for Trucking, ATRI Analysis Shows
Traffic congestion on the nation’s highways added $74.5 billion in operational costs to the trucking industry in 2016, according to the American Transportation Research Institute’s recent analysis.
October 18, 2018Colorado Voters Could Play Role in Determining State’s Oil Output
On Nov. 6, voters may spoil BP’s welcome. That’s when it will be decided whether to limit drilling in an initiative that some say could cut the state’s oil output by more than half. The vote is being closely watched, not only by companies keen to join the Colorado boom but also by outsiders who see a potential blueprint for blocking development.
October 17, 2018Trade War Hinders Commodities, Helps Oil
Commodity companies are beginning to feel the impact of President Donald Trump’s trade policies, and their earnings report cards will signal how well they’ve been able to protect shareholder value.
October 16, 2018Diesel Inches Up 0.9¢ to $3.394 in Eighth Straight Increase
Diesel prices continue to move higher, increasing 0.9 cent to $3.394 per gallon, according to the survey by the U.S. Department of Energy on Oct. 15.
October 15, 2018Gas Flow Resumes After Canada Pipe Rupture Hits Oil Refiners
Natural gas has begun flowing again on a pipeline in British Columbia after a rupture on an adjacent line forced oil refineries in Washington to cut output and sent gasoline prices soaring up and down the West Coast.
October 11, 2018Oil Falls Most in Eight Weeks as Investors Avoid Risky Assets
Crude posted the biggest decline in eight weeks as a risk-off sentiment spread through global markets. Futures tumbled 3% in New York on Oct. 11. Investors eyed a sixth day of U.S. equity losses along with heightened volatility.
October 11, 2018