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A combination of shareholders, lenders and customers are participating in the bridge funding, and the instruments vary among these groups, a source said.

Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.

Ships that carry LNG are being built faster than new supplies of the fuel can come to market, helping to lower transport costs and cushioning consumers from paying more for energy this winter.

The memorandum of understanding sends a signal to the freight market that utilities are allies, Aravind Kailas told TT. “We can present a united front,” he said.

Opponents, including trade groups and companies in the power and mining industries, were seeking to halt the rules while a legal challenge goes forward at a federal appeals court.

NASHVILLE, Tenn. — Volvo Trucks North America President Peter Voorhoeve reaffirmed Oct. 13 his commitment to lowering emissions with electric trucks even amid a slowing market.

The national average diesel price increased 4.7 cents to $3.631 per gallon, according to U.S. Energy Information Administration data released Oct. 15. 

Iowa is incentivizing biodiesel production with $1.85 million in new biofuel grants announced by state Agriculture Secretary Mike Naig to support rural jobs.

The company said its aerodynamic portfolio can allow fleets to achieve savings of up to 5.8 gallons of fuel for every 1,000 miles driven, or 2.4 cents per mile.

At MCE 2024, a panel of industry experts convened to explore how renewable natural gas might revolutionize fleet emissions, and what it will take to get there.