General News
Daimler Truck Promotes Karin Rådström to CEO
Daimler Truck announced that Karin Rådström will take over as CEO on Oct. 1, replacing company veteran Martin Daum .
ChargePoint Restructures Workforce Amid Revenue Challenges
ChargePoint Holdings, Inc., operator of the largest electric vehicle charging network in the US, plans to cut 15% of its workforce after missing revenue forecasts.
Biden to Reject $14.1 Billion Nippon Steel-US Steel Deal
U.S. President Joe Biden is preparing to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp., according to people familiar with the matter.
Truck Driver Pay Weathers Weaker Freight Conditions
The trucking industry continued to increase overall pay for drivers in 2023 despite a freight market downturn, American Trucking Associations reported Sept. 3.
Ollie’s Invests $75M in Illinois Hub to Cut Trucking Miles
A new Ollie’s Bargain Outlet Holdings distribution center in Illinois will save the company 1.2 million trucking miles annually and serve up to 150 stores.
Volvo to Launch Battery-Electric Truck With Longer Range
Volvo Trucks plans to boost the range for one of its global battery-electric trucks to about 372 miles on a single charge, the Swedish original equipment manufacturer said Sept. 3.
Stellantis, UAW at Odds Over Belvidere Plant Timeline
One sentence in a contract document that runs more than 300 pages is drawing scrutiny as the United Auto Workers warns it could strike Stellantis NV.
Rhode Island Launches Vast WIM System on Washington Bridge
Rhode Island is installing a weigh-in-motion system on the Washington Bridge in Providence, using advanced technology to monitor the structural health of the aging but vital connector.
Nevada Logistics Sector Gets Boost From $376K Grant
The Nevada Governor’s Office of Economic Development has approved $376,000 in state funding to build out logistics training at the College of Southern Nevada, a move aimed at bolstering one of the area’s fastest growing industries.
Port of Halifax to Create Digital Data Hub
Supply chain improvements for trucking are underway at the Port of Halifax in Nova Scotia in a multimillion-dollar venture to create a data hub and digitize container terminal operations.
Kroger, Albertsons CEOs in Court to Defend Merger
PORTLAND, Ore. — The CEOs of Kroger and Albertsons were set to testify in federal court Sept. 4, midway through a three-week hearing in which the grocery chains have defended their proposed merger.
World’s Largest Sailing Cargo Ship Crosses the Atlantic
The largest sailing cargo ship in the world has made its maiden voyage across the Atlantic Ocean. Its shipments have a carbon footprint one-tenth that of a standard containership.
Global Goods Trade Recovery Extends Into Q3, WTO Says
Global merchandise trade is recovering from last year’s slump, the World Trade Organization said, as one of its barometers for activity rose further above the longer-term average pace.
OPEC+ Discusses Possible Delay to Oil Output Hike
OPEC+ is discussing a possible delay to an oil output increase planned for October, delegates said, after prices crashed to the lowest since last year.
US Trade Deficit Widens to $78.8 Billion
The U.S. trade deficit widened to a two-year high in July, fueled by a surge in imports of goods and stepped-up efforts to ensure adequate supply ahead of a potential dockworkers strike.
US Port Talks Kick Off in Effort to Avoid Strike
The union representing East and Gulf coast dockworkers kicks off a two-day meeting Sept. 4 in New Jersey to discuss wage demands with port employers under the threat of a disruptive strike.
Montana Building New I-90 Rest Area to Expand Truck Parking
The Montana State Department of Transportation is refurbishing two eastbound and westbound rest areas on Interstate 90 near Billings to increase truck parking and add a new weigh station.
Trump Win Could Dent Future US GDP Growth, Goldman Warns
Goldman Sachs Group Inc. economists gamed out the potential economic implications of a Republican or Democratic victory in the November elections.
Diesel Price Dips 2.6¢ to $3.625 a Gallon
The national average diesel price fell by 2.6 cents to $3.625 per gallon, according to U.S. Energy Information Administration data on Sept. 2, marking the eighth straight week of declines.
US, China to Restart Climate Talks in Beijing
Climate negotiators from the U.S. and China will resume talks Sept. 4 in Beijing on deepening emissions cuts and transition funding.