The trucking industry needs to continue adopting electric technologies such as fuel cells in order to combat pollution, experts said April 14.
April 16, 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.
Governors Ask Trump to Waive Biofuel Quotas Amid Pandemic
Five American governors are asking the Trump administration to waive U.S. biofuel-blending requirements, arguing the cost of complying with the mandates on top of coronavirus-spurred lockdowns pose a “severe economic harm” to the country.
April 16, 2020Oil Drops to 18-Year Low on Record Demand Collapse
Oil plunged to the lowest in two decades amid a record collapse in U.S. fuel demand and the biggest-ever weekly build in domestic crude supplies.
April 15, 2020Saudi Oil Keeps Flooding Market With Output Pact Yet to Begin
Saudi Arabia and other Gulf suppliers may have agreed to cut oil production again starting next month, but by all indications the taps are set to remain wide open until then — swelling stockpiles for at least a few more weeks.
April 15, 2020Trump Negotiating to Lease Oil Storage Space to Nine Companies
The U.S. Energy Department is negotiating with nine companies to rent about 23 million barrels of oil storage capacity in its Strategic Petroleum Reserve as part of a Trump administration bid to help drain the country’s growing glut of crude.
April 14, 2020Diesel Sheds 4.1¢ a Gallon to $2.507 as Slide Continues
Diesel fuel prices continued their steady downward slide April 13, according to the Energy Information Administration.
April 13, 2020OPEC, Oil Nations Agree to Nearly 10 Million Barrel Cut Amid Virus
OPEC, Russia and other oil-producing nations on April 12 finalized an unprecedented production cut of nearly 10 million barrels, or a tenth of global supply, in hopes of boosting crashing prices amid the coronavirus pandemic and a price war, officials said.
April 13, 2020Mexico Strikes Deal With US, Paving Way for OPEC Output Cuts
Mexico says it has reached an agreement with the United States that will allow it to agree to a deal on production cuts with OPEC, Russia and other countries.
April 10, 2020Diesel Falls 3.8¢ to $2.548 a Gallon; Gas Is Below $2
The nationwide average retail price of diesel fuel declined by almost 4 cents per gallon on April 6, knocking trucking’s main fuel more than 50 cents lower than the same time a year ago.
April 6, 2020Virus Will Take Toll on State Transportation Revenue, Experts Say
Experts indicate the coronavirus pandemic will have a significant negative effect on state revenue, including funding that supports transportation projects.
April 6, 2020