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Wall Street, Tech Investors Back Musk Twitter Bid With $7 Billion

Elon Musk has strengthened the equity stake of his $44 billion offer to buy Twitter with commitments of more than $7 billion from a diverse group of investors, including Silicon Valley heavy hitters such as Oracle co-founder Larry Ellison.

May 5, 2022

Nikola Reports Surprise Q1 Revenue

Electric truck startup Nikola said in its first-quarter earnings report on May 5 that it delivered its first semi-trucks to customers in April.

May 5, 2022

Trillium, Cummins Collaborate on Customer Assistance

The Love’s Family of Companies and Cummins Inc. announced they agreed to work together to help customers integrate alternative fuel and zero-emission technologies into their operations.

May 5, 2022

How Fleets Are Using Technology to Control Fuel Consumption

As the cost of diesel rises, so does trucking companies’ interest in technology to monitor and improve miles per gallon.

May 6, 2022

Shippers Turn to Trucking for Help Meeting Carbon Reduction Goals

LAS VEGAS — As large corporations make bold pledges to achieve carbon neutrality in the coming decades, they are increasingly looking at their supply chains as an opportunity to make progress toward those goals.

May 3, 2022

White House to Help States Plan for National EV Charging Network

The new Joint Office of Energy and Transportation has helped 44 states in the past two months with technical assistance as part of the White House’s $7.5 billion deployment to build a national electric vehicle charging network.

May 3, 2022

ATRI Tallies Environmental Impact of Zero-Emission Trucks

The overall life cycle of Class 8 zero-emission trucks would result in a net decrease in carbon dioxide emissions of just 30% compared with internal combustion engines despite the trucks having no direct tailpipe emissions, according to a just-released study by the American Transportation Research Institute.

May 3, 2022

Despite Gains, Challenges Remain for Adoption of Alt-Fuel Trucks

Record-high diesel fuel prices are creating some painful sticker shock moments at the pump for truck lines and shippers. Yet, those rising costs aren’t necessarily driving a dramatic uptick in adoption of alternative-fueled vehicles in the Class 8 heavy-truck sector.

April 29, 2022

Exxon Profits Surge

NEW YORK — Exxon Mobil reported $5.48 billion in net income during the first quarter as oil and gas prices rose steadily, more than doubling its profits compared with the same quarter last year.

April 29, 2022

Nikola Sees Energy Transition in Arizona Desert

COOLIDGE, Ariz. — Several customers’ recently completed Nikola Tre Class 8 battery-electric trucks sat ready for delivery inside Nikola Corp.’s new assembly plant, a scene described by company executives as a watershed moment since the white cabover BEVs will generate 7-year-old Nikola’s first-ever quarterly revenue.

April 28, 2022