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Gas Futures Shrug Off Cyberattack on Pipeline

A rally in gasoline futures lost steam as traders expect there will be enough fuel supply to meet demand after a cyberattack led to the shutdown of the largest U.S. oil-products pipeline. Crude futures reversed gains

May 10, 2021

Mercedes Unveils Electric Van for Growing Battery-Powered Lineup

Mercedes-Benz is giving a sneak peek of an electric van that is among the models broadening its battery-powered range over the next year.

May 10, 2021

Driverless Truck Startup Plus to List in $3.3 Billion SPAC Deal

Self-driving truck technology developer Plus announced it entered into a definitive business combination agreement with Hennessy Capital Investment Corp. V, a publicly traded special purpose acquisition company.

May 10, 2021

Cyberattack on US Pipeline Linked to Criminal Gang

NEW YORK — The cyberextortion attempt that has forced the shutdown of a vital U.S. pipeline was carried out by a criminal gang known as DarkSide that cultivates a Robin Hood image of stealing from corporations and giving a cut to charity, two people close to the investigation said May 9.

May 10, 2021

FMCSA Issues Emergency Declaration to June 8 Due to Pipeline Cyberattack

The Federal Motor Carrier Safety Administration is providing emergency relief from hours-of-service regulations to motor carriers and drivers assisting operations linked to refined petroleum supply chains in the East Coast in the wake of a cyberattack against Colonial Pipeline.

May 9, 2021

Colonial Pipeline’s Silence Has Energy Traders Nervous

Traders and shippers are increasingly nervous about the possibility of a shortage of fuel in the eastern U.S. two days after the shutdown of a major pipeline following a cyberattack.

May 9, 2021

Experts Say Cyberattack on Pipeline Is a Wake-Up Call

NEW YORK — The shutdown of a vital U.S. pipeline because of a ransomware attack stretched into a third day May 9, with the Biden administration saying an “all-hands-on-deck†effort is underway to restore operations and avoid disruptions in gasoline supply.

May 9, 2021

Ransomware Attack Shuts Down Biggest US Gas Pipeline

Colonial Pipeline is working to restore operations after a cyberattack prompted the company to take its systems offline, threatening the supply of refined petroleum products to gas stations in major cities on the U.S. eastern seaboard.

May 8, 2021

Minnesota ‘Clean Cars’ Rules Get OK to Move Forward

The administration of Minnesota Gov. Tim Walz and state regulators can adopt new vehicle emission standards without the OK from lawmakers, an administrative law judge ruled May 7.

May 7, 2021

Lion to Locate Largest EV Plant in Illinois

The Lion Electric Co., a manufacturer of all-electric medium- and heavy-duty urban vehicles, announced it selected Joliet, Ill., for the construction of its U.S. manufacturing facility, with building to ramp up in the second half of this year.

May 7, 2021