Business, Fuel

NACFE Test Gets 10.1 MPG Despite Harvey, Irma Challenges

NACFE's Mike Roeth NACFE's Mike Roeth by John Sommers II for Transport Topics

ATLANTA — After 50,107 miles driven over 99 driver-days, including battles with Hurricanes Harvey and Irma, seven drivers from seven trucking companies gathered for a victory lap to celebrate 10.1 miles per gallon.

Jonathan S. Reiskin | Associate News Editor
September 24, 2017
Business, Fuel

Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low

A customer refuels his vehicle at a Hess Corp. gas station in Washington, D.C. Andrew Harrer/Bloomberg News

Oil advanced to the highest level since May after U.S. gasoline stockpiles plunged to a 22-month low and exports of crude and fuels surged.

Jessica Summers | Bloomberg News
September 20, 2017
Government, Fuel, TCA

Ballot Measure in the Works to Roll Back California’s New Gas Tax Hike

David Paul Morris/Bloomberg News

A proposal for a second ballot measure to repeal a new 12-cent-per-gallon gas tax was filed with the state Sept. 14, with backers boasting they have 200,000 Californians pledged to sign the petition to qualify the initiative for the November 2018 election.

Martin Wisckol | The Orange County (Calif.) Register
September 19, 2017
Business, Equipment, Safety, Fuel

Love’s Reaches Agreement to Buy Speedco

Love's tanker John Sommers II for Transport Topics

Love’s Travel Stops & Country Stores reached an agreement to purchase Speedco, a national network of service locations that provides quick lube and inspection services to the trucking industry and is a unit of Bridgestone Americas Inc.

Transport Topics
September 18, 2017
Government, Business, Fuel

Diesel Dips 1.6 Cents

Diesel truck stop Richard Hurd

The U.S. average retail price of diesel fell 1.6 cents to $2.786 a gallon as efforts to resupply fuel networks in areas struck by recent hurricanes continued, experts said.

Roger Gilroy | Staff Reporter
September 18, 2017
Business, Technology, Equipment, Fuel

Daimler Rolls Out Electric Truck in New York


Daimler Trucks is trying to gain a foothold in the nascent electric-truck market with short-range haulers that can make New York City’s clogged streets cleaner and quieter.

Gabrielle Coppola | Bloomberg News
September 15, 2017
Business, Fuel

Oil Breaches $50 as Worldwide Energy Demand Outlook Brightens

Employees torque a pipe at a wedge well at Cenovus Energy's Christina Lake in situ oil production facility in Conklin, Alberta, Canada. Brent Lewin/Bloomberg News

Oil topped $50 a barrel for the first time and closed at a six-week high amid heightened optimism that a demand resurgence is in the offing.

Jessica Summers | Bloomberg News
September 14, 2017
Business, Technology, Equipment, Fuel, TCA

Tesla to Reveal ‘Beast’ Semi-Truck in October, Elon Musk Says

Elon Musk, CEO for Space Exploration Technologies Corp. (SpaceX), pauses while speaking during the 67th International Astronautical Congress in Guadalajara, Mexico Susana Gonzalez/Bloomberg News

Silicon Valley automaker Tesla is tentatively set to reveal its electric semi-truck in October, CEO Elon Musk said

September 14, 2017
Government, Business, Technology, Fuel

Freight Factoring on Upswing in 2017

Factoring and owner-operators Owner-operators rely on freight factoring to stay out of the red. (Eric Miller/Transport Topics)

Freight factoring is on the upswing this year as traditional banks apply stringent lending standards and truckers who are most likely to sell invoices benefit from a robust spot market, industry executives say.

Ari Ashe | Staff Reporter
September 14, 2017
Business, Technology, Equipment, Fuel

Mack Launches New Highway Tractor, the Anthem

Mack's new Anthem Mack Trucks showed off the new Anthem at an Allentown, Pa., event. (Joe Howard/Transport Topics)

ALLENTOWN, Pa. — Mack Trucks introduced the Mack Anthem, its long-awaited new highway tractor, to an arena packed with dealer representatives, who company executives thanked for their patience and who were promised a truck that boasts gains in fuel efficiency, driver comfort and technological innovation compared to previous models.

Joe Howard | Executive Editor
September 14, 2017