Sunoco Partners Marketing & Terminals said it has paid approximately $66 million to obtain the equity stake in Sandford Energy it did not already own, giving Sunoco full control of the company.
August 7, 2018Search
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Mansfield Energy Acquires FuelTrac
Mansfield Energy Corp. has purchased FuelTrac, a fleet fuel management company based in Baton Rouge, La.
August 6, 2018UPS, Thor to Partner on Battery-Electric Class 6 Delivery Truck
UPS Inc. has announced a collaboration with Los Angeles-based Thor Trucks on a battery-powered, Class 6 delivery truck that can drive approximately 100 miles on a single charge.
August 6, 2018Oil Industry Starts Eradicating Ship Fuel Supply Ahead of IMO Mandate
Shippers beware: Oil refineries are starting to eradicate stockpiles of sulfur-rich fuel that powers the merchant fleet in anticipation of a demand collapse in fewer than 18 months.
August 6, 2018Toyota Introduces Version 2.0 of Zero-Emissions Class 8 Electric Truck
Toyota’s new zero-emissions, hydrogen fuel cell Class 8 electric truck is a leap forward to creating a completely environmentally friendly vehicle that lowers air pollution especially around the nation’s ports.
August 3, 2018Oil Companies Fret as Congress Debates Russia Sanctions
WASHINGTON — Oil and gas executives have watched wearily in recent years as the relationship between the United States and Russia deteriorated, steadily closing off their ability to drill the vast shale plays underlying Siberia and the deep-water oil fields off Russia’s Arctic coast.
August 3, 2018Tesla Burns $739.5 Million in Cash on Way to Record 2Q Loss
Electric car maker Tesla Inc. burned through $739.5 million in cash last quarter, paving the way to a company record $717.5 million net loss as it cranked out more electric cars.
August 3, 2018Editorial: Course Corrections Are Part of Progress
In times of great change there are bound to be course corrections, as evidenced by recent developments related to innovations designed to advance the science of moving trucks down the road.
August 2, 2018US Electric Vehicle Charging Market Could Reach $18.6 Billion by 2030
Falling prices and government mandates are set to boost sales of electric vehicles globally, making owning and operating charging infrastructure an attractive area for investment.
August 2, 2018Volkswagen Posts Profit Increase, Cautions Against ‘Protectionism’
FRANKFURT, Germany — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins but warned that “growing protectionism†is a threat to the globally connected car industry.
August 1, 2018