Danny Gomez

Volvo to create electric semi charging corridor

Volvo recently announced its plan to construct an electric charging corridor in California. The route will link some of the state’s most important ports and freight corridors. Volvo is partnering with Shell Recharge Solutions, TEC Equipment and others to develop the corridor. 

The plan is for it to be publicly accessible for medium- and heavy-duty electric vehicles (MHD EV). It is to be completed by the end of 2023.

According to a recent article in CleanTechnica, the project will “address key...

https://www.freightwaves.com/news/volvo-to-create-electric-semi-charging-corridor

Despite net-zero push, trucking industry heavily reliant on diesel

In 2021, the Biden administration announced a plan to reduce the use of fossil fuels by switching American drivers to greener technologies like electric vehicles — all part of a much greater plan to reach net-zero carbon emissions by 2050. This includes the push toward a greener transportation industry — the largest source of emissions.

A recent report shows how far the transportation industry remains from the net-zero goal. A Diesel Technology Forum analysis shows that the trucking industry...

https://www.freightwaves.com/news/despite-net-zero-push-trucking-industry-heavily-reliant-on-diesel

How states are navigating the loss of oil and gas income

According to a recent report, the average state tax revenue from oil and gas production is about $34 billion annually. One study predicts that to fall by two-thirds by 2050 if the U.S. sticks to its decarbonization plans.

“Oil and gas money is so embedded in many local budgets, it’s difficult to imagine a future without it,” a recent New York Times article said.

States and municipalities utilize oil and gas revenue to fund everything from infrastructure to schools and even parks. Oil-rich states...

https://www.freightwaves.com/news/how-states-are-navigating-the-loss-of-oil-and-gas-income

Keeping EVs green with battery recycling

Many argue that the disposal of electric vehicles’ lithium-ion batteries after maximizing their use could potentially be just as harmful to the environment as carbon emissions.

“Looking at EVs, we don’t see any CO2 emissions, but if we think about all the input goods that go into mining, making and maintaining the batteries, then we start to see the true picture of producing the vehicles, which have the potential to leave a larger footprint than internal combustion vehicles,” said Danny Gomez,...

https://www.freightwaves.com/news/keeping-evs-green-with-battery-recycling

Renewable hydrogen viewed as true fuel alternative

NextEra Energy plans to eliminate greenhouse gas emissions by 2045, saying it can do so without using offsets through renewable hydrogen. 

The Juno Beach, Florida-based company wants to convert more than two-thirds of its natural gas power plants to run on hydrogen. This is being touted as one of the “biggest bets yet to make hydrogen a central piece of the energy landscape,” in a recent Bloomberg article.

“In my opinion, when NextEra makes a move, you want to pay attention,” said Mike Hopkins,...

https://www.freightwaves.com/news/renewable-hydrogen-viewed-as-true-fuel-alternative

Effect of EVs on gas cars

According to a recent Bloomberg article, electric vehicles are taking off even faster than expected and “are eating into the transportation system and taking bigger bites every year.” Soon, it predicted, the number of gas cars globally will start to shrink and could largely affect transportation, fuel costs and energy systems.

Bloomberg New Energy Finance (BNEF) predicts that there will be more than 27 million electric passenger vehicles on the road by the end of 2022. There are currently fewer...

https://www.freightwaves.com/news/effect-of-evs-on-gas-cars

To drill or not to drill on federal land?

With a federal judge recently invalidating leases to drill for oil and gas in the Gulf of Mexico, now is a great time for shippers and carriers to shift focus toward network and route efficiency in order to reduce the amount of empty miles and unnecessary fuel usage, according to Danny Gomez, managing director of financial and emerging markets at FreightWaves.

“The hope is that we don’t have to drill on federal lands — that we can utilize and tap into the resources that we have and use the...

https://www.freightwaves.com/news/to-drill-or-not-to-drill-on-federal-land

Department of Energy investing billions in air carbon capture

The U.S. Department of Energy recently announced it will use roughly $3.5 billion from President Biden’s Bipartisan Infrastructure Law to invest in air carbon capture projects.

If the U.S. is to hit its 2050 net-zero carbon emissions goals, the DOE believes these efforts are a crucial step to getting there.

“When we think about the ways to reduce our emissions, there’s the reduction side, and more recently there has been a focus on carbon capture. This is a signal to the market that the...

https://www.freightwaves.com/news/department-of-energy-investing-billions-in-air-carbon-capture

Convoy talks sustainability at The Future of Supply Chain

Convoy helped bring sustainability issues to the forefront at FreightWaves’ The Future of Supply Chain event last week in Rogers, Arkansas. 

“There was a great opportunity for firms to link up and see how they can work together, and I definitely heard a lot of conversations about how to go about that,” said Danny Gomez, director of financial and emerging markets at FreightWaves. 

Gomez said Convoy stood out in terms of the sustainability conversation as it’s central to the company’s mission.

“In...

https://www.freightwaves.com/news/convoy-talks-sustainability-at-the-future-of-supply-chain

Will $6 billion make transportation more sustainable?

As part of the $1 trillion infrastructure package passed by Congress in November, the Federal Highway Administration recently pledged $6.4 billion to help states fund projects dedicated to reducing greenhouse gas emissions. The money behind this pledge to make transportation more sustainable is to be distributed to states starting in November.

According to Transportation Secretary Pete Buttigieg, states would receive the money over the five years to create projects supporting electric vehicles,...

https://www.freightwaves.com/news/will-6-billion-make-transportation-more-sustainable

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