Fuel

About Fuel News...

Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.

Business, Technology, Fuel

Rivian’s Trading Debut Pushes Value to Almost $88 Billion

Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021’s biggest initial public offering.

November 10, 2021
Business, Technology, Fuel

Hyliion Reports Net Loss, No Income for Q3

Hyliion Holdings Corp. reported a wider third-quarter net loss and no revenue as it worked to bring its two electrified powertrain solutions for Class 8 trucks to market.

Roger Gilroy | Senior Reporter
November 10, 2021
Government, Business, Fuel

Households Face Biggest Surge in Electricity Costs Since 2009

U.S. consumers faced the biggest jump in their energy bills in more than a decade in October, with costs soaring for electricity, natural gas and fuel oil as cooler weather approaches.

Josh Saul | Bloomberg News
November 10, 2021
Government, Business, Equipment, Fuel

Zero-Carbon Shipping Plan Targets Container, Iron Ore Routes

Shipping routes for the transport of iron ore from Australia to Japan and containerized goods from East Asia to Europe are at the center of plans to slash maritime carbon emissions by 2030.

Christopher Jasper | Bloomberg News
November 10, 2021
Business, Technology, Fuel

Rivian Set for IPO That Will Rank as Year’s Biggest

Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.

Ed Ludlow and Crystal Tse | Bloomberg News
November 9, 2021
Business, Technology, Equipment, Fuel

Rivian IPO Puts Slow Race to Commercial EV to Public Market Test

Eleven years after Tesla Inc. went public with a market value of less than $2 billion, one of its most closely watched competitors is following in its tire treads with a much richer valuation.

Ed Ludlow and Crystal Tse | Bloomberg News
November 9, 2021
Government, Fuel

Diesel Rises 0.3¢ to $3.730 a Gallon

The national average for diesel barely budged, nudging up three-tenths of a cent to $3.730 a gallon, according to Energy Information Administration data released Nov. 8.

November 8, 2021
Government, Business, Fuel

Oil Pares Gains as US Comments Counter Signs of Strong Market

West Texas Intermediate pared earlier gains after U.S. Energy Secretary Jennifer Granholm told MSNBC that President Joe Biden may make an announcement to address high oil and gasoline prices this week.

Alex Longley | Bloomberg News
November 8, 2021
Business, Technology, Equipment, Fuel

$10 Billion Rivian IPO Would Be Seventh-Largest on Record

Rivian Automotive Inc., the electric truck maker backed by Amazon .com Inc., has elevated the marketed range of its initial public offering to raise as much as $10 billion.

Crystal Tse | Bloomberg News
November 5, 2021
Business, Technology, Fuel

Sensata Adds EV Charging Products

Sensata Technologies announced new custom-designed high-voltage junction box solutions for charging commercial electric vehicles.

November 5, 2021