09 Sep California Natural Gas Prices Hit Highest Since Texas Crisis California’s record heat is sending natural gas prices in the region to the highest since February as electricity demand surges at a time when supplies needed by power plants have been tight. Read more...
09 Sep Ford Will Cease Making Cars in India, Take $2 Billion Charge Ford Motor Co. will shut its car factories in India and record roughly $2 billion in restructuring charges, scaling back significantly in a country that past management saw becoming one of its three biggest markets. Read more...
08 Sep Democratic Divisions Jeopardize Scope of Biden Economic Plan Democratic congressional leaders vowed to forge ahead this month with President Joe Biden’s economic plan despite deep divisions within the party and growing uncertainty about the overall size and scope of the tax and spending proposal. Read more...
08 Sep No Hurricane Has Hit US Energy Markets Like Ida Has Just over 20% of U.S. Gulf of Mexico oil and natural gas production is back online after Hurricane Ida battered southeast Louisiana, marking an even slower comeback than in the wake of Katrina. Read more...
08 Sep Dana Announces New HD, MD e-Axles LONG BEACH, Calif. — Dana Inc. announced an expansion of its Spicer Electrified e-powertrain offerings to include a family of single and tandem e-axles designed for a variety of Classes 7 and 8 applications. Read more...
08 Sep STB Seeks Input on First- and Last-Mile Rail Service Issues The Surface Transportation Board is seeking comments on issues related to first-mile and last-mile rail service, according to a notice published in the Federal Register on Sept. 8. Read more...
08 Sep Clean Technology Mix for Fleets Is Coming, Upstart Companies Say LONG BEACH, Calif. — The uncertain residual value of emerging zero-emission trucks is a concern of prospective buyers. But Craig Knight, CEO of fuel cell technology provider Hyzon Motors Inc., is offering reassurance to his customers. Read more...
08 Sep Amazon to Open Two Whole Foods Stores Without Cashiers NEW YORK — Something will be missing at two Whole Foods stores opening next year: cashiers. Read more...
08 Sep Maersk Joins Buffett to Invest in Startup Promising Green Fuel A.P. Moller-Maersk A/S has agreed to buy a minority stake in a green-fuel startup backed by Warren Buffett, as the world’s largest container line latches on to new technologies to decarbonize its fleet. Read more...
08 Sep Ford Hires Exec Formerly in Charge of Apple’s Car Project NEW YORK — Ford Motor Co. has hired a former executive from Apple and Tesla to be the company’s head of advanced technology and new embedded systems, a critical post as the auto industry moves to adopt vehicles powered by electricity and guided by computers. Read more...