Fuel

DETROIT — Tesla’s net income more than doubled last quarter thanks to a one-time tax benefit, but it warned of “notably lower” sales growth this year.

Plug Power Inc. surged the most in three years after the hydrogen company said it’s getting close to finalizing a $1.6 billion loan from the U.S. Energy Department.

Volvo Trucks North America launched a revamp of its flagship over-the-road Class 8 VNL tractor Jan. 23, the first major overhaul since a 2017 redesign.

Love’s Travel Stops and Daimler Truck North America have begun rolling out a maintenance network for light mechanical repairs on the truck maker’s Freightliner-branded vehicles.

With the Red Sea crisis roiling shipments of everything from cars to energy, it’s a matter of time before soaring costs and supply chain strains show up in companies’ earnings reports.

The national average diesel price fell for the third time in the first four reporting periods in January, dipping 2.5 cents to reach $3.838 a gallon, according to Energy Information Administration data for the week ending Jan. 22.

Nearly half of $18.89 million in U.S. Department of Agriculture biofuel grants recently awarded to 22 states will be funneled to projects that increase biodiesel storage, distribution and dispensing.

Pennsylvania truckers are paying slightly less for diesel this year, thanks to lower average wholesale fuel prices last year that led the state to drop the motor fuel tax rate.

Sunoco LP, a U.S. gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to buy up more of a key part of its supply chain.

Accelera by Cummins, Daimler Trucks & Buses US Holding and Paccar Inc. on Jan. 18 selected Marshall County, Miss., as the manufacturing site for their planned battery cell joint venture.