Diesel trucks

Nikola’s Bankruptcy a Reality Check for Diesel Alternatives

The promise of zero-emission freight has suffered a big setback with Nikola Corp.’s bankruptcy. A company that once positioned itself as a disruptor in the trucking industry is dying a slow death. The electric- and hydrogen-powered truck manufacturer, once heralded as the Tesla of trucking, struggled with financial instability, supply chain challenges and a series of setbacks that ultimately led to its demise.

But Nikola’s downfall is bigger than just one company. It raises real questions about...

https://www.freightwaves.com/playbook/nikolas-bankruptcy-a-reality-check-for-diesel-alternatives

FreightWaves SONAR shows daily fluctuations in ULSD wholesale prices  

A fuel pump showing the price of diesel.

As noted in multiple articles by Craig Fuller, the founder and CEO of FreightWaves, the 2022 freight market is in a cyclical crisis due in part to much lower freight volume and lower freight rates. In addition, the cost of diesel fuel (ULSD) has risen rapidly over the past few months, and has topped $6 per gallon in markets around the nation (and is even higher in numerous locations). 

FreightWaves SONAR

Since its inception, FreightWaves SONAR has provided its subscribers with an extensive series...

https://www.freightwaves.com/news/freightwaves-sonar-shows-daily-fluctuations-in-the-wholesale-price-of-ulsd

Why every American should care that diesel prices are surging across the country

The cost of diesel fule impacts truckers and the entire economy. (Photo: JIm Allen/FreightWaves)

Gasoline prices are increasing almost daily, pinching the wallets and pocketbooks of nearly all Americans with cars. However, as bad as that news is, diesel prices are surging even more across the country. Today’s truckstop retail diesel prices hit a new record of $5.32/gallon. Since February 1st, national truckstop diesel prices have increased by $1.57/gallon. For an owner-operator whose truck gets 6.5 miles per gallon, this equates to a cost increase of $0.24 per mile. 

Diesel’s importance to...

https://www.freightwaves.com/news/why-every-american-should-care-that-diesel-prices-are-surging-across-the-country

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