Fuel prices and developments affect the entire supply chain, and can place a lot of pressure on carriers. Check back here for news and information related to fuel prices and the gas sector, plus insights and analysis on trends and issues impacting the industry.
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Plenty of distillate molecules to go around plus no collapse in high sulfur reversed all conventional wisdom, Morningstar says
Comparing first month to prices out in future a solid way of figuring out whether stocks are growing or tightening
Plug Power’s hydrogen solutions are expanding into Walmart e-commerce applications after proving effective in the company’s grocery and retail networks.
Diesel market has strength not seen since April
Electric vehicle startup Xos Trucks has inked a deal with Dickinson Fleet Services involving the purchase of five medium-duty, zero-emission, fully electric service trucks. Under the order, the electric truck company will build and deliver five medium-duty vehicles that DFS, headquartered in Indianapolis, will dedicate to servicing electric vehicle fleets as well as traditional diesel […]
Renewable natural gas (RNG) is having a moment, and California, naturally, is at the epicenter. In 2020, a company that sells renewable natural gas to California medium- and heavy-duty trucking fleets can charge as much as $10-$12 per diesel gallon, according to Cliff Gladstein, president of Gladstein, Neandross & Associates (GNA), a leading clean transportation […]
Most recent gain is 2.4 cents a gallon
The EV Fleet Savings Calculator allows businesses with medium- to heavy-duty fleet vehicles to explore EV investment estimates based on fleet sizes, infrastructure, budget and other factors.
Three-week total an increase of almost 12 cents a gallon
Commodity and wholesale prices way up, but weekly DOE retail average number lagging
Rumours of diesel’s death under the incoming administration are greatly exaggerated, industry advocates say.
While each fuel-efficient conveyance may consume less fuel per mile, the cost savings may induce more miles to be driven.
The weight of an electric semi truck battery has been a longstanding conundrum for electric vehicle advocates, as conventional wisdom posits that it would need to be so dense and heavy as to displace cargo, putting the trucks at a disadvantage compared to diesel competitors. The range of an electric battery is the other big […]
Increase follows movement in commodity and wholesale markets
One of the world’s largest OEMs to back California and Biden transportation electrification goals
The weekly DOE/EIA average retail diesel price rose 5.8 cents a gallon Monday to $2.441 a gallon. That’s the highest one-week increase in prices since September of last year when Hurricane Dorian was impacting oil markets. The increase also brings the weekly price up to the highest level since Aug. 31 of this year when […]
People aren’t going out as much and that is putting a small but notable squeeze on one part of ambitious renewable fuel plans
Nine California state legislators send letter to Gov. Gavin Newsom urging him to take a technology-neutral approach to decarbonizing medium- and heavy-duty trucking.
The weekly Department of Energy/Energy Information Administration average retail diesel price released Monday, the basis for most fuel surcharges, rose 1.1 cents to $2.383 per gallon. Here’s a scorecard of some oil price moves in recent days. — The DOE/EIA price from a week earlier, $2.382 per gallon, was the lowest DOE/EIA price since August […]
The incoming Biden administration is expected to increase regulatory oversight of electric and self-driving vehicles.
Ryder is a major seller of used trucks. So it was notable that in its quarterly earnings report, it said the amount of money it was getting from the sale of used trucks was better than its estimates and that the market had been a pleasant surprise. To talk about the market for used trucks, […]
A Canadian trucking and logistics company has put money down on 150 Tesla Electric Semis in what could be the biggest big rig order yet for the electric vehicle company.
Beset by poor margins, refiners have announced closures and are expecting a lot more in the not-too-distant future
But margins made on those diesel sales were down from 2Q and last year
California air quality chief on short list to helm Biden EPA; 125 zero-emission models in production; LA mayor seeks proposals on zero-emission drayage technology.
Zero-emissions credit sales drive Tesla profitability; heavy-duty truck manufacturers to access REC markets
The maker of fuel-efficiency technology for heavy-duty trucks bets on logistics software and the carbon markets.
Drop in stocks relative to demand was the biggest ever in the latest report; demand figures finally seem to be reflecting strong trucking market
Also on this week’s edition: diesel did something last week it hasn’t done in at least 30 years.
The Western States Hydrogen Alliance will focus on maximizing rollout of hydrogen fuel cell electric technology across multiple commercial sectors in 13 Western states.
The groups say more federal oversight is needed for the transport of liquefied natural gas by rail.
Soon after Dave Ables took over as president and CEO of Dart Transit Co. and as the first days of the pandemic receded into a strong freight market, he knew there was a problem: retaining and attracting drivers. So the Minnesota-based company put through an increase in compensation on several different fronts. It wasn’t just […]
A “dance floor” inside the driver’s cabin for easy movement. Exterior cameras linked to a digital display inside the cabin, giving the driver a 360-degree view outside the vehicle. Those are just two of the features in Amazon’s (NASDAQ: AMZN) highly anticipated new custom electric delivery van designed and built in partnership with electric vehicle […]
Monthly outlook from EIA sees moderate increases in diesel prices through next year
OEMs, regulators put reefers on a path to zero emissions.
Hino and Toyota will test a Class 8 fuel-cell truck in North America in 2021 based on the Hino XL Series truck platform.
For DHL Global Forwarding, the coronavirus pandemic is no excuse for the ocean freight industry to neglect sustainability initiatives in the supply chain.
Digital Wildcatters cofounder Collin McLelland explains why it’s smarter for clean-tech to bring about petrochemical efficiencies instead of focusing on the elimination of fossil fuels altogether.
Marine fuel prices are down 30% year-on-year despite the IMO 2020 regulation.
Also on this week’s podcast: new technologies gunning to displace diesel, but it’s a tough battle
Plan to go to all renewable fuel sources part of a broader commitment to zero out emissions by that year
California Gov. Gavin Newsom signed an executive order Wednesday that aims to end the sale of new gasoline- and diesel-powered passenger cars in the state by 2035. Many heavy-duty trucks on the road would need to be zero-emission by 2045. Newsom said in a statement the ambitious order would reduce greenhouse gas pollution that contributes […]
VCs talk SPACs and clean tech investment in wake of Nikola scandal.
Weekly government numbers misinterpreted by those unaware of the one-week aberration due to two events
Slower-going legacy companies try to figure out what exactly the path to the green transportation future is going to look like.
Jeremy Reymer is the founder and CEO of DriverReach, but he’s also a member of the research advisory committee for ATRI, the research arm of the American Trucking Associations. He’s the guest this week on Drilling Deep, and he’s got a good perspective on one of the reasons why the driver market is so tight: […]
Nikola’s 700-station hydrogen fueling network will use solar, nuclear or whatever clean energy is cheapest. Some locations will require truck delivery because electricity costs too much to make hydrogen on-site.
The Amazon Climate Pledge Fund is designed to accelerate the path to net-zero carbon emissions.
With winds diminished, the storm is now seen as more of a rain event. Alabama’s ITRI rises
CEO Tim Hindes also talks about race and the trucking industry.
Foreign-flagged tanker receives 225 metric tonnes of LNG at the Talleyrand Marine Terminal in Jacksonville, Florida.
General Motors is putting its battery and fuel cell expertise to work for startup electric truck maker Nikola in exchange for an 11% ownership stake worth $2 billion.
Is hydrogen or renewable natural gas the better path to powering emission-free battery-electric trucking? Hyliion is all-in on its RNG-fueled generator to make electricity. Nikola’s hydrogen-backing founder predicts its rival will fail if it sticks to fossil fuel.
VW settlement money is helping fleets replace polluting vehicles with cleaner equipment, but so far most of the money is invested in diesel, not electrification.
A professor from UH-Downtown, who also was a driver, is studying the issue
California passed a new rule curbing nitrogen oxide emissions from trucks, potentially setting up another conflict with the Trump Administration over the state’s authority to enact air quality regulations.
Diesel market continues to trend lower after upward movement earlier in the week
Thursday was quiet but heavy activity booking loads will begin quickly.
The head transportation analyst at Deutsche Bank says a market that sped up through the second quarter has raced ahead so far in the third
Commodity diesel prices are up just a few cents from the end of last week
Gasoline soars but diesel inventories are plentiful, curbing impact of possible refinery shutdowns
NEXT Trucking, Fuel Ox, Bendix and Southeastern Freight make strategic employee moves.
With diesel cheap, the fuel advantage for moving a ton of freight narrows for the railroads.
Driven by tax breaks, production is rising of the fuel that is a one-to-one substitute for conventional diesel.
The country’s largest brewer is transitioning more than 180 trucks in its Houston and St. Louis fleets to renewable natural gas to help reduce its carbon footprint.
Trucking fleets should educate themselves about the array of alternatives as the industry continues its inevitable transition away from diesel.
Historically trucking fleets have invested in alternative fuel vehicles as a way to reduce the total cost of ownership, but environmental factors are now driving investment in zero- or near-zero-emission trucking technologies.
The focus on stock price gyrations in Nikola Corp. overlooks a major part of its business plan — making and selling hydrogen fuel for its trucks and anyone who wants it.
Atlanta-based FleetCor is a commercial fuel-card and business-payments systems provider. The company employs around 8,700 people and provides commercial card services in more than 100 countries.
The program ends soon for new applicants, but those who have received money will need to go through the process to enable them to avoid paying the funds back.
Whenever there’s a transaction in the supply chain, there’s an invoice. And a lot of those invoices get processed by US Bank, which has long had a large amount of business in the trucking sector. The bank puts together a quarterly summary known as the U.S. Bank’s Freight Payment Index, and it’s a good barometer […]
It is the electric vehicle manufacturer’s fourth straight quarterly profit.
OEMs, logistics companies tout varied technology solutions on the way to a zero-emissions future.
Industry organization held its annual meeting in the middle of a pandemic. The podcast discusses how they did it.
A Memorandum of Understanding (MOU) outlines a coordinated effort to expedite the deployment of zero-emission medium- and heavy-duty trucks.
With the release of the identities of the biggest recipients of money under the Paycheck Protection Program, reviewing all the names of those who got money and figuring out how this will impact the industry’s operations is now the hot topic of discussion in trucking. On this week’s Drilling Deep podcast, host John Kingston sits […]
Six Northeastern states, along with Oregon and California, will create an action plan aimed at accelerating adoption of zero-emission big rigs.
Amazon uses a lot of energy and emits a lot of pollution, but it is taking aggressive steps to be eco-friendly. Case in point: Amazon Air buying biofuel for its aircraft.
OEMs, logistics companies tout varied technology solutions on the way to a zero-emissions future.
On this week’s Drilling Deep podcast, David Roush of KSM Transport Advisors, who has a wealth of experience in the sector, tackles several issues on the minds of truckers everywhere. Why do some companies take freight with a lousy price? What does it mean to get ready for a post-COVID-19 world? And what does capacity […]
California Air Resources Board is preparing a rule that would require fleets in California to purchase the electric trucks manufacturers are now required to sell.
The Advanced Clean Truck rule sets out different sales targets based on the vehicle class. By 2035, about 75% of Class 8 trucks sold in the state will need to be electric.
CARB member Dan Sperling discusses California’s electric truck sales mandate and its impact on industry.
Amazon has launched a $2 billion sustainable investment fund focused on technologies that reduce carbon emissions.
The funding will support projects replacing airport, port cargo and forklifts with new zero-emission technologies.
Vast coalition of trucking-related groups and companies wants 12% fee to disappear through next year
A panel featuring OEMs and utilities discusses regulatory issues, incentives and technical solutions designed to make electric truck adoption more affordable and convenient.
To watch the stock of Nikola Motors, the company that has raised millions to produce a hydrogen-produced truck, you’d think that the day of the diesel engine was going to end soon. But that isn’t the case. Allen Schaeffer, the executive director of the Diesel Technology Forum, joins host John Kingston on the Drilling Deep […]
By not nickel-and-diming through hidden fees, the Axle Fuel Card allows trucking companies to keep more hard-earned money in their pockets.
Nuverra completes first phase of a pilot on water disposal, soon after it kicked off a three-year deal with another blockchain provider.
Steve Burks was a truck driver in an earlier professional capacity. He also earned his bachelor’s degree, his master’s degree and then his Ph.D. He’s a professor of economics at the University of Minnesota-Morris where he continues to research truck drivers and the markets where they ply their trade. He joins the Drilling Deep podcast […]
Experts urge fleets to take advantage of clean truck incentives — and to prepare for zero-emission sales, reporting and purchasing requirements
Daimler Trucks AG is creating a fuel cell subsidiary as a forerunner to a 50-50 joint venture with Volvo Group to make fuel cell-powered backup systems for data centers and eventually hydrogen-fueled heavy-duty trucks.
Move holds off a return of almost 2 million barrels per day to the market
The vehicle, adding to an increasingly crowded space, is reportedly an attempt to upstage Tesla
A Washington-based attorney lines up on the side of the business operators who have changed long-standing practices.
The U.S. has plenty of diesel in inventory, and jet demand is not likely to snap back until next year, according to Energy Aspects.
Also on this week’s show: the tremendous rise in diesel inventories.
Wallbox, a smart EV charging company headquartered in Spain, closes second round of series A funding as it expands into the United States
“We remain committed to achieving our aggressive climate and sustainability goals,” said Nancy Young, Airlines for America’s vice president of environmental affairs.
