Nikola Plans Merger With Publicly Traded VectoIQ Acquisition Corp.
Nikola Corp. announced plans to merge with VectoIQ Acquisition Corp., a publicly traded special-purpose acquisition company, to speed up Nikola’s production of zero-emissions commercial vehicles.
March 3, 2020TA Reports Mixed Q4, Full-Year Results
TravelCenters of America reported fourth-quarter net income with a significant increase in fuel gross margin, but revenue dipped. It posted similar full-year results.
March 2, 2020Diesel Falls 3.1¢ to $2.851 Per Gallon
The U.S. average retail price of diesel fell 3.1 cents to $2.851 per gallon, the Department of Energy reported March 2.
March 2, 2020As Coronavirus Spreads, Global Demand for Oil Lessens, Prices Fall
NEW YORK — With the coronavirus outbreak spreading to more countries, the price of oil has dropped precipitously as global demand weakens even further.
March 2, 2020Massachusetts Transportation Funding Plan Would Increase Gas Taxes
BOSTON — Fees for ride-hailing services and a 5-cents-per-gallon hike in the state’s gas tax are the heart of a plan floated by Democrats in the House of Representatives to pay for upgrades to roads, bridges and public transit.
March 2, 2020Chevron Showcases New Low-Ash Oil
ATLANTA — Chevron Products Co. rolled out a new 53-foot educational trailer and a mock, walk-through diesel particulate filter designed to showcase the value of its new heavy-duty engine oil whose low-ash content is meant to reduce the clogging typical in a DPF.
March 1, 2020Freightliner, Proterra to Develop Production-Ready MT50e Model
Freightliner Custom Chassis Corp., a unit of Daimler Trucks North America, announced it partnered with Proterra to develop a production-ready version in 2020 of Freightliner’s all-electric MT50e truck chassis.
February 28, 2020FedEx to Add 42 Electric Charging Stations in California
FedEx Corp. plans to electrify 42 FedEx stations in California, in the next phase of its electric vehicle rollout — calling it one of the largest deployments of integrated charging infrastructure by a single commercial fleet to date.
February 28, 2020Oil Plummets in Worst Week Since 2008 Amid Coronavirus Panic
Oil plunged to the lowest level in 14 months as panic from the fast-spreading coronavirus spiraled global markets deeper into losses for the seventh straight day.
February 28, 2020Deutsche Post Scraps Its Electric Delivery Van Built With Ford
Deutsche Post AG will stop producing its electric delivery vehicle called StreetScooter, bringing to an end a much-hyped venture that was once seen as a possible disrupter to conventional van makers such as Volkswagen AG and Daimler AG.
February 28, 2020