Workhorse Group raises $25M to fund R&D, completion of electric van
Workhorse Group secured $25M in funding to help finalize development of its NGEN electric delivery vehicle.
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Workhorse Group secured $25M in funding to help finalize development of its NGEN electric delivery vehicle.
The structure of the Brent market says tightness, but the inventory numbers in the U.S. beg to differ
Your weekly fuel report has arrived.
There may be so little demand post-2020 for high-sulfur fuel oil that it may end up stored aboard tankers.
A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead. A recent report by Moody’s on the health […]
According to this analysis, the breakeven price to produce oil in the shale is published five times a week.
As the price of diesel continues to hover around $3.16 per gallon nationwide, trucking companies are investing in solutions to improve fuel mileage.
UPS makes largest renewable natural gas buy in history with a 170 million gallon purchase
Your weekly fuel report has arrived.
Also in this week’s report: a test at Shell gives some hope to a less diesel-intensive marine fuel for IMO2020.
California and Oregon are both adding to the price via the “LCFS.” Oregon’s law just survived a legal challenge.
Your weekly fuel report has arrived.
The DOE statistical arm has the most precise forecast of anyone on what IMO2020 will mean for diesel prices. It’s fairly conservative.
IMO 2020 is will increase demand for distillates and put upward pressure on diesel. How should truckers prepare?
TravelCenters of America announced higher fuel volumes and revenue, but one-time charges led to a quarterly loss.
While it posted a decline in sales, Workhorse is optimistic about its future with full production of its electric van set for this fall.
A weekly look at what occurred in the oil markets of the U.S. and the world this past week and what’s ahead, with special acknowledgement for the headline this week […]
Royal Dutch Shell PLC (NYSE: RDS) announced net income of $5.3 billion for the first quarter of 2019, a decrease of 2 percent from the same quarter last year, reflective of the crude oil market, but a significant improvement on the $4.5 billion expected by analysts.
Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum.
Tanker companies like Euronav expect to see financial benefits from impending environmental regulations, which will change the type of fuel burned at sea and could eventually limit how fast ships can go.
Market expert Brian Aoaeh’s article focuses on the current and upcoming maritime industry issues – IMO 2020, global warming, rising sea levels, etc. Read Brian’s take on how the maritime industry is meeting these challenges.
Bosch is working with Powercell to develop a hydrogen fuel stack for vehicles. Plus, housing index has positives for home buyers, JFK starts new phase of air cargo expansion, and trucking company in Denver crash had history of violations.
The consensus at a panel in Houston is that marine gasoil will be the first fuel to get a big boost in demand as IMO2020 approaches. That’s not good news if you’re a diesel buyer.
Three states and several utilities will study the needs of electric trucks along the I-5 corridor to make long-haul electric trucks a reality. Plus, the future of Cummins, flex fuels, and are the Chinese taking our railway jobs?
Saudis and UAE are on board with filling in the gap from lost Iranian oil exports.
Nikola Motor introduced its hydrogen-electric truck to the world, and it has a few big supporters, including Anheuser-Busch.
Markets are tightening. Full implementation of sanctions on Iranian oil could make them tighter.
Nikola Motor Company formally introduced its hydrogen-electric tractors, the Nikola Two and Nikola Tre (for Europe) at Nikola World 2019. Here are some photos from the event.
Nel Hydrogen and Nikola Motor are working together to ensure that as Nikola begins deployment of its hydrogen-electric trucks, there is hydrogen fueling stations in place to support them.
The founding of Nikola Motor Company did not happen overnight; it actually dates back to a time when a six-year-old boy was bothering his railroad-working father and was sent to see a train engineer.
If you can get your hands on a Nikola Two hydrogen-electric truck in the near future, it could save you money compared to a diesel model, the company said. Getting one, though, will be hard due to early demand.
Nikola Motor envisions a world that is better off tomorrow than it is today, and it starts with a zero-emission future, the company said, as it introduced five emissions-free vehicles, including two semi trucks.
OPEC’s cuts have brought its output down to the level where forecasts are saying it needs to be to keep markets in balance.
The fluctuating price of fuel makes it difficult for carriers and shippers to know the exact cost to move freight. Genesis Fuel is offering a way to pre-buy diesel at a set price, adding certainty to the cost for both parties.
Isuzu with partners Supreme and Delivery Concepts have introduced a truck body designed for craft brewers, complete with taps. Plus, ports seek alternative fuels, concerns over fracking, and Walmart pressures suppliers.
The two key new levies will be a percentage of wholesale prices, but with a floor tied to a particularly strong period in the diesel market.
With new backing from Microsoft, start-up readies for technical and geographic expansion of optimization services for shipping assets.
Also in this week’s report: an ExxonMobil recommendation might be problematic for truckers; paying somebody to take natural gas away
More refiners make pledges to supply market for IMO-compliant fuel, but if those efforts fall short, diesel may be next best option.
Auto sales are declining, but the National Automobile Dealers Association still expects strong sales for 2019, plus the one area where Amazon is losing and opposition to Canada’s carbon tax grows.
EIA still sees no uniform international policy on how the IMO 2020 regulation will be enforced.
Problems with some U.S. crude oil exports, more concerns for the IMO2020 switch, and the lessening impact of Donald Trump’s oil tweets.
When a spread like that between gasoline and diesel come in this far and this fast, it can’t go on forever.
Stepping into the system is expected by this economist to be Donald Trump, using emergency powers to halt exports of diesel fuel
Major agencies are checking in on what OPEC production was in February, and reductions are starting to bring world output level down to where the group said it wanted to get to when it met back in December.
The IEA came out with some detailed numbers on what the impact of IMO2020 will be on diesel demand. But its estimate of non-compliance is a lot more than that of a panelist at CERAWeek.
While propane doesn’t pack quite the punch diesel does, it does produce enough power to handle many of the tasks at a fraction of the overall cost, advocates say, so why is not a more popular fuel for commercial operations?
Biofuels created by recycling used cooking oils are being tested by ocean-going ships in pilot trials around the world. Such biofuels may even be gaining acceptance by ocean-shippers, freight forwarders and ship operators.
The systems are nowhere near ready but several panelists at the big CERAWeek meeting see advantages for hydrogen in heavy-duty transport.
Volvo has started testing connected vehicle technology in California, plus Michigan governor pitches fuel tax hike, California legislator wants to phase out diesel engines and Alibaba buys into delivery company.
Electric trucks dominated the vehicle conversations at this week’s Work Truck Show in Indianapolis, plus the cost of charging vehicles, overtime pay changes and another trucker protest planned.
Mitsubishi Fuso said that customers are demanding more gasoline models in medium-duty operations, so it is delivering with this Class 5 gas-powered cabover.
UPS’ Carlton Rose, president of global fleet maintenance and engineering, said he expects electric power to be the long-term solution in medium-duty, but it isn’t there just yet.
Also this week: another hint at what IMO2020 might do to prices; more signs that the OPEC cuts are real and are taking hold.
Funding announced as investment heats up for low-carbon fuel technology.
Truck stop-travel center operator returned to core business in q4, CEO said.
If IMO 2020 boosts demand for LNG bunkering, the U.S. isn’t ready to take advantage.
Stockpiles in the country are building up. Also: more hints on the price of fuel in a post IMO2020 market; Russia’s lack of assistance to OPEC
Wireless charging could be key to making electric trucks viable for the long-haul sector.
Largest ocean freight forwarder sees fuel bills increasing as much as 50 percent based on current price spreads.
Congress is handing out $93 million in federal grants for improvements at the nation’s top 15 container ports.
Positive Train Control isn’t just about safety anymore as the railroads revisit how the technology can generate capacity and save money.
Two major agencies see a supply/demand balance that is tightening on the back of steep cuts coming out of OPEC.
Tax incentives that make for cheaper diesel fuel ran out in 2018, and the trucking industry is looking for a vehicle on which to extend it. Could it be the border wall?
Little Rock, Ark.-based company trying to make fuel card processing less costly for truck stop operators.
An intersection in New Jersey has been deemed the worst for truck bottlenecks, plus Nikola Motor may be adding a purely electric truck; GM and Tesla are working together, and FedEx Express signs on to a new cargo terminal.
Message from NATSO: Technology trends will force truck stop owners to reevaluate how they serve their customers.
Crude prices are stuck in a $50-$55 range for WTI, as news that would drive prices higher inevitably gets offset soon after by something pushing it lower.
Lots of ideas for federal funding of infrastructure at Capitol Hill hearing, but the “pay-for” question still looms.
Green New Deals are the rage in Washington, with benefits – and costs – for trucking.
The United States Postal Service is deploying seven all-electric step vans in California, powered by Motiv’s EPIC system, plus living life on the road and the Polar Vortex causes crude troubles.
Electric vehicle makers can learn from some of the lessons that natural gas developers faced when introducing that fuel source to trucking.
Also in this report: a rebound in the market helped by OPEC production cuts; ExxonMobil grows big on the U.S. Gulf Coast.
It was only one trade and the comparisons to diesel prices are less than perfect. But there now is an actual transaction that reflects a value for now of what fuel might do under IMO2020.
The Congressional Budget Office revealed the latest deficits it tracks for the Highway Trust Fund as Congress plans to debate new ways to pay for infrastructure.
The Congressional Budget Office reveals latest stats on the diminishing Highway Trust Fund as Congress plans to consider new ways to pay for highway infrastructure.
Three key agencies have completed their January forecasts and they are all reasonably confident about OPEC’s ability to balance oil markets this year.
The biggest hurdle to making an infrastructure plan work is figuring out how to pay for it. A Washington D.C. think tank says Congress is ready to consider mileage-based user fees.
There are numerous reasons why electric trucks may continue to take a backseat when private transportation fleets and for-hire carriers are developing their truck procurement strategies.
The EIA becomes one of the first major forecasters to put a price per gallon estimate on what is going to happen to diesel prices when the new rule kicks in.
It’s a long road from the wellhead down to the fuel going into a truck. Who makes money along the way?
The SureFly is just one of the products that Workhorse is working on. Additional projects include electric delivery vans and electric pickups.
The Quadrobot is a modular design autonomous delivery vehicle, launching this year in both China and the U.S.
The Nissan IMs electric vehicle concept drew raves from those in attendance at the Detroit Auto Show, but it is only one of several concept electric vehicles on display.
U.S. Chamber of Commerce president Tom Donohue threw down $25,000 for ideas on how to pay for infrastructure. And told Washington to open back up.
A strong economy led to more CO2 emissions from industry and from buildings, offsetting the move away from coal.
A port operator taps into funding for new natural gas tractors; birds and the federal shutdown could cause delays in Oklahoma bridge projects; Sears wants to liquidate; and air freight is flat in November
A new rule in Mexico will boost demand for ultra low sulfur diesel. Also: the Saudis pull back from the U.S. and why it isn’t a big deal.
Hedging all those barrels coming out of the ground in the U.S. is creating downward pressure on prices.
Traders look at the ratio between gold and oil. What did it say in 2018?
It was a great week if you are an oil buyer, but if you produce it, it was one to forget as oil prices break substantially below $50.
The Nikola Motor tractor is powered by a hydrogen-electric engine and has earned the company Number 24 on the FreightWaves’ Research Institute Freight.Tech 25.
Volvo will put an electric powertain in its popular VNR regional tractor. Test vehicles will begin operating next year and commercial units will be available in 2020.
Fleets are increasingly focused on reducing theirs and cutting fuel usage. Electric vehicles, particularly medium-duty trucks and those vehicles used in e-commerce and last-mile delivery, represent prime opportunities to achieve both goals.
Tyson Foods will be testing a tractor that will utilize Achates Power’s opposed-piston engine technology that is said to reduce NOx emissions by 90% from current standards.
The National Academies of Science has identified seven core research areas that it said could help DOT determine possible changes to truck size and weight.
Is e-commerce making traffic congestion in urban areas worse? Gas demand plummets in South Korea; a state DOT seeks solutions through art; turnkey logistics in Asia and more.
The Colorado Air Quality Control Commission has enacted an executive order by Gov. John Hickenlooper committing the state to low emission vehicle standards.
Even though the Department of Energy’s reported diesel per gallon price has risen 27% since early 2017, carriers have seen their net fuel expense per mile remain largely neutral.
With the ongoing, high-profile negative news surrounding Tesla, there is still interest in the company’s electric semi. Albertsons Companies, which operates well-known food and drug retailers across the country, has purchased 10 Tesla Semi all-electric trucks.