Fuel

Oil stayed in its recent tight range after Hurricane Laura swept through the U.S. energy heartland without appearing to inflict major damage on key infrastructure.

Daimler Trucks North America CEO Roger Nielsen sees the production and sale of new trucks reaching replacement levels by the end of 2020.

Trevor Milton, the founder and chairman of Nikola Corp., is giving the first 50 employees of the electric-truck startup 6 million of his own shares after making a promise when he hired them.

Volkswagen AG’s CEO encouraged Bill Gates to advise governments on how to lower carbon emissions from transportation and renewed his criticism of Germany’s slow abandonment of coal power.

Walmart Inc. has cut 230 million metric tons of greenhouse gases out of its supply chain in the past three years, putting the world’s largest retailer on track to achieve its 2030 emissions goal.

Schneider said it will test the Freightliner eCascadia through 2021 to address potential challenges to widespread use of commercial battery-electric vehicles.

DELCAMBRE, La. — Laura strengthened Aug. 26 into a menacing Category 4 hurricane, raising fears of a 20-foot storm surge that forecasters said would be “unsurvivable” and capable of sinking entire communities. Authorities implored coastal residents of Texas and Louisiana to evacuate and worried that not enough had fled.

The United States has five high-priority areas where the regional haul environment is inherently so well suited for moving freight economically with electric vehicles that fleet owners there should plan to deploy those trucks “even if just as a pilot project,” according to the North American Council for Freight Efficiency.

Crude and gasoline futures both climbed to levels not seen since before the pandemic as Hurricane Laura rattled toward a key stretch of the U.S. Gulf Coast that is home to the nation’s greatest concentration of refining capacity.

Hurricane Laura is poised to strengthen rapidly and come ashore along the Texas-Louisiana coast as a tree-snapping Category 3 storm, forcing residents to flee their homes despite the threat of COVID-19.