California will aim to halt sales of new gasoline-powered passenger cars and trucks by 2035, Gov. Gavin Newsom announced Sept. 23, a move he says would cut greenhouse gas emissions by 35% in the nation’s most populous state.
September 23, 2020Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Oil Pares Gains as Stocks Slip on Fed Warnings on Economy
Oil pared its advance Sept. 23 as stocks fell on the latest warnings from Federal Reserve officials about the economic outlook due to the coronavirus.
September 23, 2020Diesel Drops 1.8¢ to $2.404 a Gallon
The price of diesel, trucking’s main fuel, dropped 1.8 cents to $2.404 a gallon in its third consecutive decline, the Energy Information Administration reported Sept. 21.
September 21, 2020Nikola Executive Chairman Trevor Milton Steps Down
Trevor Milton has voluntarily stepped aside as executive chairman and board member of Nikola Corp., the electric truck company he created, it was announced Sept. 21.
September 21, 2020Peterbilt, Kenworth Medium-Duty EVs Eligible for $95,000 Voucher in Calif.
Peterbilt and Kenworth separately announced California customers for their medium-duty battery-electric trucks are eligible for a $95,000 voucher from the California Air Resources Board.
September 18, 2020Tesla’s Austin Site Plan Outlines Footprint for Huge Truck Factory
Bulldozers and other construction equipment have been at work for weeks at the location of Tesla’s future $1.1 billion electric vehicle factory in southeast Travis County, but a site plan filed by the company is providing the first public indication of the facility’s huge eventual footprint.
September 18, 2020National Average Price of Diesel Sheds 1.3¢ in Second Consecutive Decline
The national average price of diesel dropped 1.3 cents a gallon to $2.422, the Energy Information Administration reported Sept. 14. Diesel costs 56.5 cents a gallon less than it did a year ago after the second straight weekly drop.
September 14, 2020Daimler AG to Pay $1.5 Billion to Settle Emissions Cheating Probes
Automaker Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations, officials said Sept. 14.
September 14, 2020House Considers Electric Vehicles Legislation
Senate-passed legislation meant to promote access to electric vehicles around the country will be under consideration before the U.S. House of Representatives this month.
September 14, 2020Hurricane Sally to Hit New Orleans, Alabama Coast
Hurricane Sally will begin hammering the U.S. Gulf Coast with flooding rains late Sept. 14, before making landfall between New Orleans and Mobile, Ala., and potentially causing as much as $3 billion in losses and damage.
September 14, 2020