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Let’s Get Optimistic About Logistics

Fri, 07/12/2024 - 10:00
A theme has emerged in the logistics industry. It’s optimism. And this type of optimism is contagious.

5 Questions: Kenneth Eggen, Wolf River Express

Fri, 07/12/2024 - 10:00
Thirty-five-year industry veteran Kenneth Eggen oversees "cradle to grave" management of Wolf River Express' vehicle assets as the company's chief operating officer.

Hexagon Agility and Brudeli Green Mobility to Deliver NZEVs

Fri, 07/12/2024 - 10:00
LAS VEGAS — Hexagon Agility and Brudeli announced a collaboration and unveiled the Brudeli Powerhybrid, the first near-zero-emission vehicle that complies with California’s ACT and ACF rules.

Are Air Disc Brakes Worth It?

Fri, 07/12/2024 - 10:00
In choosing brake systems for a commercial fleet, there’s no wrong answer whether air disc brakes are a right fit versus drum brakes. There are plenty of advantages for both.

Class 8 Truck Orders Take Downward Turn in June

Fri, 07/12/2024 - 08:18
North American Class 8 truck orders ended three months of year-over-year gains in June, according to ACT Research. Preliminary data showed orders fell 12% to 14,800 units.

Tesla Delays Robotaxi Event in Blow to Musk’s Autonomy Drive

Fri, 07/12/2024 - 08:12
Tesla is postponing its planned robotaxi unveiling to October to allow teams working on the project more time to build additional prototypes, according to people familiar with the decision.

FTC Delays Chevron-Hess Decision to After Exxon Arbitration

Thu, 07/11/2024 - 15:06
The FTC plans to delay its decision whether to block Chevron.’s $53 billion takeover of Hess until after an arbitration case with Exxon Mobil is settled, Bloomberg reports.

Federal Maritime Commission Reopens Port Chassis Probe

Thu, 07/11/2024 - 14:05
The Federal Maritime Commission has opened a follow-up investigation involving the right of motor carrier choice in chassis provisioning.

House Fiscal 2025 Bill Allocates $200 Million for Truck Parking

Thu, 07/11/2024 - 13:42
WASHINGTON — A fiscal 2025 House committee-approved transportation funding bill would dedicate $200 million for expanding parking availability for the nation’s truck drivers.

Divided Final Report Issued on Side Underride Protection

Thu, 07/11/2024 - 12:53
Two trucking industry trade groups are criticizing a report issued by members of a specially appointed federal committee on trailer side underride protection as lacking in true consensus.

Truck Mirror Shortage Hinders Navistar Second-Quarter Sales

Thu, 07/11/2024 - 11:55
Navistar truck and bus sales in the second quarter of 2024 slumped 31% year-over-year, partly as a result of a shortage of truck mirrors, parent company Traton said July 10.

Class 8 Sales Continue Trending Below Year-Ago Period

Thu, 07/11/2024 - 10:47
U.S. Class 8 retail sales experienced their 11th consecutive month of year-over-year declines in June, according to data from Wards Intelligence.

Global Oil Demand Growth Slows Further as China Cools

Thu, 07/11/2024 - 09:17
Global oil demand growth slowed to its weakest in more than a year last quarter as the post-pandemic rebound in China fades, the International Energy Agency said.

PepsiCo’s Q2 Profits Jump, but Demand Continues to Slip

Thu, 07/11/2024 - 08:55
PepsiCo reported higher-than-expected earnings in the second quarter but customer demand for its snacks and drinks continued to slip.

Volvo to Get Energy Grants for EV Trucks

Thu, 07/11/2024 - 08:08
WASHINGTON — The Biden administration is awarding $2 billion in grants for EV manufacturing and assembly sites owned by GM, Fiat Chrysler, Volvo and other vehicle makers in eight states.

Costco Hikes Annual Membership Fee for First Time Since 2017

Wed, 07/10/2024 - 16:31
Costco Wholesale Corp. is boosting its basic membership fee for the first time since 2017, raising the charge to $65 a year from $60.

Vitol, SK Settle California Fuel Rigging Probe for $50M

Wed, 07/10/2024 - 15:07
California Attorney General Rob Bonta said the state reached a settlement with Vitol and SK Energy Americas after it alleged the firms acted together to manipulate local gasoline markets.

Senate Republicans Push Back on Overtime Rule

Wed, 07/10/2024 - 14:56
Efforts to chip away at acting Secretary Julie Su’s agenda at the Department of Labor remain a priority for congressional Republicans.

Construction Begins on Truck Battery Cell Manufacturing Plant

Wed, 07/10/2024 - 14:17
Construction of Amplify Cell Technologies’ battery cell manufacturing plant in Marshall County, Miss., has begun, the joint venture between Accelera, Daimler Trucks and Paccar said.

ADM Taps 3M CFO as Troubled Trader Seeks Return to Normalcy

Wed, 07/10/2024 - 14:17
Archer-Daniels-Midland Co. — working to put an accounting scandal behind it — has hired a 3M Co. executive to oversee its finances and help restore its credibility with shareholders.