BERLIN — The International Energy Agency says the world could quickly reduce global oil demand by 2.7 million barrels a day by cutting down on car and plane travel, helping easing the supply crunch caused by Russia’s invasion of Ukraine.
March 18, 2022Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Stellantis, LG Energy Pick Ontario for Battery Plant
Stellantis NV and LG Energy Solution will build their new battery plant in Ontario, according to a person familiar with the matter, with an official announcement likely March 23.
March 18, 2022Germany Backs EU Phaseout of New Combustion Engines by 2035
Germany threw its weight behind a European Union proposal that only emission-free new cars and vans can be sold from 2035 as the bloc moves forward in talks on an ambitious green overhaul at a time of an extraordinary energy crisis.
March 17, 2022Fed Policymakers Unveil Hydrogen Transportation Bill
Legislation that would establish a grant program at the U.S. Department of Transportation to assist with the adoption of heavy-duty hydrogen fuel cell vehicles was recently introduced in the U.S. Senate.
March 16, 2022ATA, Freight Stakeholders Press CARB for Alternatives to Emissions Rule
American Trucking Associations is among the groups proposing that the California Air Resources Board consider supply chain pressures for granting the industry alternatives to certain regulatory compliance.
March 15, 2022Airlines Rally as They See Path to Profit Despite Fuel Jump
U.S. airline stocks climbed as the carriers said they will trim flying to remain on track toward profits even as fuel prices soar.
March 15, 2022Diesel Adds to Record High, Hitting $5.25 a Gallon
The national average price of diesel recorded its second dramatic spike in as many weeks, this time 40.1 cents to reach $5.25 a gallon, according to Energy Information Administration data released March 14.
March 15, 2022Review Sought on USPS Decision to Buy Gas-Powered Trucks
House Democrats are asking the U.S. Postal Service’s inspector general to investigate the agency’s decision to replace its mail-truck fleet with almost all gasoline-powered models, a move that paved the way for a contract with Wisconsin military truck maker Oshkosh Corp. worth as much as $6 billion.
March 14, 2022Biden’s Oil Demands Collide With Drillers Reining In Output
The war in Ukraine has touched off a feud between the White House and U.S. oil industry as many companies reap record profits from rising prices despite pumping less crude than before the pandemic, leaving American consumers beset by surging gasoline costs.
March 11, 2022Why Nearly Empty Auto Lots Make This Pump-Price Shock Different
Gasoline soaring above $4 a gallon this month has inspired comparisons to 2008, when pump prices sapped demand for fuel-guzzling SUVs and helped push Detroit’s automotive behemoths into bankruptcy.
March 11, 2022