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Daily Fuel Tanker Costs Eclipse $100,000 for Some in Red Sea

Some oil tanker earnings have soared above $100,000 a day as the disruption of shipments through the Red Sea persists.

January 25, 2024

Hyzon Sends Four Hydrogen FCEV Trucks to PFG in California

Hyzon delivered four trucks to Performance Food Group’s Vistar facility in Fontana, Calif., the first deliveries of the hydrogen fuel cell electric vehicle to its largest U.S. customer.

January 25, 2024

Daimler Truck to Explore Abu Dhabi’s Green Hydrogen Supply

Daimler Truck AG and Abu Dhabi agreed to explore the Gulf state’s supply of green hydrogen to power future fuel cell rigs in Europe.

January 25, 2024

Tesla Q4 Earnings Fall Short of Analyst Estimates

DETROIT — Tesla’s net income more than doubled last quarter thanks to a one-time tax benefit, but it warned of “notably lower” sales growth this year.

January 24, 2024

Hydrogen Company Plug Power Closes In on $1.6 Billion Loan

Plug Power Inc. surged the most in three years after the hydrogen company said it’s getting close to finalizing a $1.6 billion loan from the U.S. Energy Department.

January 23, 2024

Volvo Unveils Redesigned Flagship Class 8 VNL Tractor

Volvo Trucks North America launched a revamp of its flagship over-the-road Class 8 VNL tractor Jan. 23, the first major overhaul since a 2017 redesign.

January 23, 2024

Red Sea Chaos Starting to Impair Profits Across Industries

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.

January 23, 2024

Love’s, DTNA Roll Out Freightliner Maintenance Network

Love’s Travel Stops and Daimler Truck North America have begun rolling out a maintenance network for light mechanical repairs on the truck maker’s Freightliner-branded vehicles.

January 23, 2024

USDA Awards $8.8 Million in Grants to Expand Biodiesel Sales

Nearly half of $18.89 million in U.S. Department of Agriculture biofuel grants recently awarded to 22 states will be funneled to projects that increase biodiesel storage, distribution and dispensing.

January 22, 2024

Pennsylvania Diesel Tax Drops 4.4¢, Still Among Highest in US

Pennsylvania truckers are paying slightly less for diesel this year, thanks to lower average wholesale fuel prices last year that led the state to drop the motor fuel tax rate.

January 22, 2024