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Trucking Industry M&A Activity Surges During 2021

2021 was an especially busy year for trucking in terms of acquisitions, with various factors creating an ideal market for buyers and sellers.

December 16, 2021

Another 2.5¢ a Gallon Lopped Off National Diesel Price

The national average price for diesel dipped 2.5 cents to $3.649 a gallon, according to Energy Information Administration data released Dec. 13.

December 13, 2021

White House Unveils Plan for EV Charging Network

The Biden administration on Dec. 13 released a federal strategy to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S. auto industry.

December 13, 2021

Biden to Direct Government to Cut Emissions 65% by 2030

President Joe Biden will direct federal agencies on Dec. 8 to spend billions on electric cars, clean electricity and upgraded buildings with the goal of reaching net-zero carbon emissions by 2050, the White House said.

December 8, 2021

Oil Refiners Say Shift in Biofuel Quotas Will Raise Diesel Costs

The Biden administration sought to thread the needle between warring oil and renewable fuel interests Dec. 7 by proposing modest quotas for the use of plant-based fuels while moving to block exemptions for dozens of oil refineries.

December 7, 2021

Musk Not a Fan of Biden’s Build Back Better Act

Tesla Inc.’s Elon Musk spoke out in opposition to President Joe Biden’s signature economic package, questioning the need for legislation that would support electric car adoption due to concerns government spending is out of control.

December 7, 2021

Diesel Falls 4.6¢ to $3.674 a Gallon

The national average price for diesel slipped 4.6 cents to $3.674 a gallon, according to Energy Information Administration data released Dec. 6.

December 6, 2021

EV Maker Lucid Reveals SEC Investigation

Lucid Group Inc. disclosed it has become the latest electric vehicle maker to come under U.S. investigation following a merger with a blank-check company, sending its shares plummeting.

December 6, 2021

Exxon Pledges to Zero Out Some Permian Basin Emissions by 2030

ExxonMobil Corp. pledged to zero out some greenhouse gas emissions in North America’s biggest oilfield by the end of the decade.

December 6, 2021

Toyota to Build $1.3 Billion EV Battery Plant in North Carolina

Toyota is preparing to build a $1.3 billion electric vehicle battery plant near Greensboro, N.C., that will employ at least 1,750 people, government officials said Dec. 6.

December 6, 2021