Stellantis and Mercedes-Benz are pausing work on two electric vehicle battery plants and may pivot to manufacturing lower-cost cells in light of slowing demand for still-expensive EVs.
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Diesel, Gas Prices to Rise July 1 in Five States
Routine fuel tax increases take effect July 1 in California, Illinois, Indiana, Missouri and Virginia, while an effort to boost fuel taxes and fees on EVs is causing controversy in New Jersey.
June 4, 2024Diesel Price Dips 3.2¢ a Gallon to $3.726
The national average diesel price extended its downward movement, shedding 3.2 cents a gallon to $3.726, according to Energy Information Administration data released June 3.
June 3, 2024OPEC+ Extends Supply Cuts Amid Slack Prices
FRANKFURT, Germany — Saudi Arabia and allied oil producing countries on June 2 extended output cuts through next year, a move aimed at supporting slack prices.
June 3, 2024US Diesel Demand Hits 26-Year Seasonal Low in March
U.S. diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth.
May 31, 2024Sources: Hertz Is Exploring Options for Raising Financing
Hertz Global Holdings is exploring options to raise financing weeks after the company’s new CEO pledged to get it back on track following a failed bet on electric vehicles, according to people with knowledge of the matter.
May 30, 2024OPEC+ Works on Output Cut Accord That May Stretch Into 2025
OPEC+ is pressing on with informal talks aimed at finalizing an agreement on oil output cuts this weekend, officials said.
May 30, 2024ATRI Announces Research Projects for 2024
The American Transportation Research Institute Board of Directors has approved a diverse set of 2024 research priorities designed to address some of the trucking industry’s most critical issues.
May 30, 2024DTNA’s O’Leary: EV Infrastructure Buildout Still Lagging
Daimler Truck North America CEO John O’Leary says the scarcity of charging infrastructure continues to constrain the pace of the industry's adoption of battery-electric trucks.
May 30, 2024Greenlane Eyes Securing 20 Sites by End of 2025, CEO Says
Alternative power supplier Greenlane expects to have up to 20 sites lined up for development by the end of 2025, according to CEO Patrick Macdonald-King.
May 30, 2024