Audit Finds Proposed EPA Glider Rule Repeal Skipped Legal, Health Analyses
A new report by the Environmental Protection Agency Inspector General determined that former agency Administrator Scott Pruitt failed to follow legal and public health safeguards in 2017 when he proposed to repeal an Obama-era regulation limiting the number of glider trucks that could be manufactured annually.
December 11, 2019Saudi Aramco Gains 10% in Debut to Clinch Top Seat at $1.8 Trillion
RIYADH, Saudi Arabia — Saudi Arabia’s oil company Aramco gained 10% in its first moments on the stock market Dec. 11 in a dramatic debut that held until closing and pushed its value up to $1.88 trillion, surpassing Apple as the largest listed company in the world.
December 11, 2019NACFE Report Predicts Multiple Fuels Will Give Way to Battery-Electric
The North American Council for Freight Efficiency forecasts commercial battery-electric vehicles and fuel cell trucks will be capable of lower total cost of ownership, compared with baseline diesel trucks, in the 2030 time frame.
December 10, 2019GM Loans Ohio Plant Buyer $40 Million to Launch Electric Truck
General Motors Co. loaned the buyer of its half-century-old assembly plant in Ohio $40 million to help the cash-strapped startup roll out an electric pickup truck.
December 10, 2019Diesel Drops 2.1¢ to $3.049 a Gallon
The U.S. average retail price of diesel dropped 2.1 cents to $3.049 a gallon, the Department of Energy reported Dec. 9.
December 9, 2019Germany Edges Out Norway as Europe’s Biggest Electric Car Market
Germany has pulled ahead of Norway for sales of all-electric cars since the start of the year, putting Europe’s biggest auto market in position to become the regional leader on an annual basis for the first time.
December 9, 2019The Dawn of Electric Trucks
The introduction of electric-powered commercial trucks continued to gain momentum in 2019 with more investment, more prototypes unveiled and more deployments in real-world freight operations. Read our Special Report.
December 6, 2019OPEC Nations, Russia Agree to Cut Oil Output to Lift Prices
The OPEC oil-producing countries and ally Russia said Dec. 6 they have agreed to cut their crude production by an extra 500,000 barrels a day as they try to support global energy prices.
December 6, 2019Watchdog Faults Rushed EPA Rulemaking on Glider Trucks
WASHINGTON — The Trump administration rushed to exempt glider trucks from clean air rules without conducting a federally mandated study on how it would impact public health, the Environmental Protection Agency’s inspector general said Dec. 5.
December 6, 2019Saudi Aramco Plans $25.6 Billion Share Sale in Richest IPO Ever
DUBAI, United Arab Emirates — Saudi Arabian oil company Aramco on Dec. 5 set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft.
December 5, 2019