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Oil Jumps Past $45, Dow Eclipses 30,000

Oil reclaimed heights not seen since the pandemic shocked markets in the spring, with the start of the U.S. presidential transition and improved vaccine prospects infusing optimism across markets.

November 24, 2020

NTTC, ATA Seek Approval of Electronic Documents for Hazmat Shipments

National Tank Truck Carriers and American Trucking Associations have petitioned federal hazardous materials regulators to “without delay” develop a rulemaking that would allow motor carriers to use and accept electronic shipping papers and certifications for hazmat shipments.

November 24, 2020

Diesel Rises 2.1¢ to $2.462 a Gallon

The nationwide average price of diesel fuel increased 2.1 cents per gallon, according to U.S. Energy Information Administration.

November 23, 2020

States Take Action as COVID-19 Chokes Revenue Streams

Many state transportation agencies continue to develop revenue forecasts to determine how much money they can expect to lose in fuel tax revenue, tolls and transit fares in the wake of the pandemic.

November 20, 2020

Trucking Offered Measure of Stability in Diesel Revenue as Pandemic Caused Gas Tax Revenue to Tank

In addition to essential supplies, truck drivers during the pandemic provided a service that is less tangible but no less important: boosting revenue for state transportation departments.

November 20, 2020

China Pushes Ahead With Hydrogen, Defying Skeptics Like Elon Musk

China, the world’s biggest market for electric vehicles, isn’t so quick to dismiss the alternative to batteries. Officials are promoting the development of hydrogen-powered cars, trucks and buses, with Beijing offering to reward cities that achieve adoption targets.

November 20, 2020

Pandemic Likely to Cut Thanksgiving Driving in Half

With virus cases surging, hospitals filling up and more U.S. states imposing restrictions, Americans are likely to drive a lot less this Thanksgiving. Only 35% will travel by car this year, down from 65% a year ago, according to survey from retail fuel tracker GasBuddy.

November 18, 2020

Oil Clings to Rally on Signs of Coronavirus Vaccine Progress

Crude held onto a rally amid progress on the development of coronavirus vaccines, with investors shrugging off a smaller-than-expected U.S. inventory build.

November 18, 2020

Shipping Watchdog IMO Sets Rules to Curb Industry’s Pollution

The organization responsible for setting global environmental standards for shipping approved rules designed to curb the industry’s carbon emissions, triggering criticism that its measures won’t do enough to help tackle climate change.

November 18, 2020

Tesla, Utility Giants Form ZETA, Calling for 100% EV Adoption by 2030

Tesla Inc. is joining rideshare company Uber Technologies Inc., Lordstown Motors, Rivian and others to lobby for 100% electric-vehicle adoption by 2030.

November 17, 2020