Fuel

Truckload and intermodal carrier Schneider National Inc., No. 7 on the Transport Topics Top 100 list of the largest U.S. and Canadian for-hire carriers, filed financial documents with the Securities and Exchange Commission on Dec. 22 as a prelude to the company going public, possibly later this year.

Oil futures dipped on Dec. 29 after a surprise build in U.S. crude inventories reversed an advance in prices that had boosted the benchmarks to their highest levels since July 2015.

To assist the government of Ontario in the design of a heavy-duty truck natural-gas program, the Ontario Trucking Association said it issued “Natural Gas as an Alternative Fuel for Canadian Truck Fleets: A Roadmap Toward Implementation.”

Alternative fuel distributor American Natural Gas added 18 compressed natural gas fueling stations in eight states to its network through the separate acquisitions of Constellation CNG and Questar Fueling Co.

Orange EV said after three new approvals, all of its electric terminal trucks are now eligible for California’s Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project intended to provide large point-of-sale discounts for qualified technologies that improve air quality.

Oil traded near the highest since July last year amid optimism OPEC and 11 other producing nations will cut output as promised, helping eliminate a global supply glut.

The U.S. average retail price of diesel jumped 1.3 cents to $2.54 a gallon, according to the Department of Energy, as the price of oil rose past $52 a barrel as plans to cut production gelled.

Oil extended its advance as industry data showed U.S. crude stockpiles declined last week.

The U.S. average retail price of diesel jumped 3.4 cents to $2.527 a gallon, according to the Department of Energy, as the price of oil hovered near $52 a barrel.