A court in the United Kingdom ruled that Volkswagen AG used a so-called defeat device to help its diesel vehicles beat emissions tests, a decision that allows 91,000 customers to proceed with a class action against the carmaker.
April 6, 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 Soars After Trump Says Saudis and Russia Will Cut Production
Oil soared after President Trump said that he expects Saudi Arabia and Russia to cut output back by 10 million barrels or more after he spoke with Crown Prince Mohammed Bin Salman.
April 2, 2020Oil Tanks at Vital Africa Hub Almost Full as Crude Floods Market
Oil tanks at one of the world’s largest storage hubs on Africa’s southern tip already are almost full, limiting traders’ options as a historic flood of crude hits the market.
April 2, 2020Trump: World’s Biggest Oil Producers to Meet on Market Crash
President Donald Trump said the U.S. would meet with Saudi Arabia and Russia with the goal of stanching a historic plunge in oil prices.
April 1, 2020Trump Administration Rolls Back Mileage Standards
The Trump administration rolled back ambitious Obama-era vehicle mileage standards March 31, raising the ceiling on damaging fossil fuel emissions for years to come and gutting one of the United States’ biggest efforts against climate change.
March 31, 2020Truck Stops, State Associations Offer Free Food, Parking to Drivers
Travel center chains along one of the nation’s busiest freight corridors are offering free meals and parking to truck drivers making deliveries to help the nation battle the COVID-19 virus.
March 31, 2020Diesel Drops 7.3¢ to $2.586 a Gallon in 12th Straight Decline
The U.S. average retail price of diesel fell 7.3 cents to $2.586 per gallon, the Department of Energy reported March 30.
March 30, 2020Trump to Cut Back Obama-Era Emissions, Fuel Economy Requirements
The Trump administration will dramatically relax automobile emissions and fuel economy standards so that only modest efficiency gains are required through 2026, according to people familiar with the matter.
March 30, 2020EPA Issues Waiver to Avert Potential Summer Fuel Shortage
The U.S. Environmental Protection Agency has issued a waiver intended to avert a potential fuel shortage this summer by providing additional flexibility to the marketplace to transition from winter-grade to summer-grade blends.
March 30, 2020Biofuel Plants Are Shutting Down and Some May Never Come Back
The coronavirus and cheap oil are hitting the fuel business so hard that ethanol plants are shutting down. Some may never come back.
March 28, 2020