Allison Transmission’s profit in the third quarter jumped 26.6% on the back of demand for Class 8 vocational trucks in North America, with executives saying it shows no sign of slowing down.
November 4, 2024Fuel News
Transport Topics fuel coverage looks closely at what powers trucks. From the latest on battery, diesel and alternative fuel technology to the costs and prices associated with each, this news category covers today’s fuel ecosystem extensively. Topics include green house gas regulation, fuel prices, equipment costs, fuel infrastructure, surcharge and more.
Allison Q3 Profit Surges 26.6% on Vocational Truck Demand
Big Oil Chiefs See Middle East, China as Top Concerns
Escalating tensions in the Middle East and U.S. relations with China pose the greatest concerns for Big Oil, according to some of the industry’s top executives.
November 4, 2024OPEC Extends Oil Output Cuts Until the End of December
Saudi Arabia and allied oil producing countries said Nov. 3 they would postpone a plan to gradually increase oil output until the end of the year, extending their output cuts by one month.
November 4, 2024Exxon Mobil Profit Tops Q3 Expectations
Exxon Mobil’s third-quarter profit beat analysts’ expectations, as the oil and gas giant was helped by contributions from Pioneer Natural Resources, a recent acquisition.
November 1, 2024Pump Prices Tumble 20% in Key Swing States Ahead of Election
Days before a neck-and-neck presidential race, pump prices — one of the most salient data points consumers use to gauge inflation — are tumbling in key swing states.
November 1, 2024EPA Grants 4 States $248.9M for I-95 EV Truck Charging Sites
EPA is paying $248.9 million to develop 24 electric truck charging sites for medium- and heavy-duty vehicles along the Interstate 95 freight corridor in four East Coast states.
October 31, 2024Colonial Pipeline Weighs Bids for Potential $10B Sale
The Alpharetta, Ga.-based company is working with advisers as it seeks to gauge interest from potential buyers, according to sources who asked not to be named.
October 29, 2024Soybean Demand Drops as US Biofuel Tax Credit Stalls
Agriculture giants including Cargill Inc. and Bunge Global SA are slowing their buying of soybeans because of uncertainty over U.S. biofuels policy.
October 29, 2024Oil Prices Fall on Weak Global Demand
Global oil prices are falling sharply after a retaliatory strike by Israel over the weekend targeted Iranian military sites rather than its energy infrastructure as had been feared.
October 29, 2024Diesel Price Nudges Up 2¢ to $3.573 a Gallon
The U.S. average diesel price edged up 2 cents, reaching $3.573 per gallon, according to U.S. Energy Information Administration data released Oct. 28.
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