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Updated: 1 hour 42 min ago

Trucking Fleets List Operational Costs as Top 2024 Priority

Wed, 07/10/2024 - 13:46
The trucking industry cited total cost of ownership as its top concern for 2024, Shell Fleet Solutions and NAFA Fleet Management Association found in a survey June 27.

Secretary Pete Buttigieg Promotes Truck Parking

Wed, 07/10/2024 - 12:34
WASHINGTON — Following a hearing with House lawmakers, Secretary Pete Buttigieg said enhancing parking availability for commercial vehicles remains central to his department’s agenda.

Flying Taxi Startup Lilium Close to Saudia Order

Wed, 07/10/2024 - 11:52
Lilium NV is close to selling 100 electric flying taxis to Saudi Arabia’s state-owned airline, formalizing a framework deal arranged in late 2022.

OPEC Data Shows Oil-Cut Laggards Still Exceeding Limits

Wed, 07/10/2024 - 09:05
Key OPEC+ nations Iraq, Kazakhstan and Russia continue to pump above output limits intended to shore up global oil prices, the group’s data showed.

Amazon Says Its Carbon Emissions Fell in 2023

Wed, 07/10/2024 - 08:38 Inc. says its carbon emissions fell for a second straight year in 2023 as the company cut spending on new warehouses and cloud-computing data centers.

Yokohama Said to Hold Talks for Goodyear’s OTR Tire Business

Wed, 07/10/2024 - 08:13
Yokohama Rubber Co. is in advanced talks to buy Goodyear Tire & Rubber Co.’s Off-the-Road tire business for at least $1 billion, according to people familiar with the matter.

Report Finds Opportunities, Obstacles For Electric Vehicles

Wed, 07/10/2024 - 08:12
The trucking industry is seeing more opportunities to deploy electric vehicles despite obstacles that still must be overcome, according to a July 9 report by NACFE and RMI.  

UPS Names Brian Dykes New CFO of Company

Tue, 07/09/2024 - 16:43
UPS Inc. named a company veteran to be its new chief financial officer after the parcel giant’s former finance leader left the company last month to focus on his health.

Driverless Car Hits Person Crossing Against Light in China

Tue, 07/09/2024 - 16:23
BEIJING — A driverless ride-hailing car in China hit a pedestrian, and people on social media are taking the carmaker’s side because the person was reportedly crossing against the light.

FedEx Freight’s Rogers Wins Colorado

Tue, 07/09/2024 - 15:25
Colorado grand champion Tyler Rogers of FedEx Freight is eager to again accept the challenge of competing at the National Truck Driving Championships in the sleeper berth class.

Kroger, Albertsons Unveil Stores to Be Divested Before Trial

Tue, 07/09/2024 - 13:30
Kroger Co. released the full list of stores, distribution centers and plants it plans to divest to secure regulatory approval for the proposed merger with Albertsons Cos.

Foreign Carmakers Outproduce Detroit Brands in US

Tue, 07/09/2024 - 13:20
Foreign-owned manufacturers churned out more vehicles in the U.S. last year than their rivals in Detroit, a first for the market that underscores major shifts in domestic auto production.

Daimler Truck North America Q2 Sales Fall 4.7% Year-on-Year

Tue, 07/09/2024 - 09:52
Daimler Truck North America sold 48,230 vehicles in the second quarter of 2024, a 4.7% decrease compared with 50,618 trucks and buses in the same period in 2023.

Entek Poised to Get $1.2 Billion US Loan

Tue, 07/09/2024 - 08:11
The Biden administration is poised to lend $1.2 billion to Entek Lithium Separators to help expand the U.S. supply chain for lithium-ion batteries used in electric vehicles.

Diesel Price Rises 5.2 Cents to $3.865

Mon, 07/08/2024 - 16:16
The nation average diesel price rise 5.2 cents to $3.865 in its fourth consecutive increase, according to Energy Information Administration data released July 8.

Canadian Border Agency Staff Ratifies Labor Agreement

Mon, 07/08/2024 - 12:09
Unionized Canadian border agency staff members have ratified a tentative collective bargaining agreement.

Congressional Republicans Target EPA Rule

Mon, 07/08/2024 - 10:31
Senior congressional Republicans recently called on the Biden administration to abandon an emissions rule EPA  issued earlier this year specific to the freight sector.

TSMC Hits $1 Trillion in Market Value on Relentless AI Rally

Mon, 07/08/2024 - 09:36
Taiwan Semiconductor Manufacturing Co. briefly surpassed $1 trillion in market capitalization after Morgan Stanley joined a list of brokers boosting price targets on the chipmaker.

May Used Truck Sales Rise 18% From 2023

Mon, 07/08/2024 - 09:02
Used Class 8 truck sales in May increased 18.1% compared with the same period the prior year, ACT Research reported, rising to 22,800 units from 19,300. 

Devon to Buy Williston Basin Oil Assets in $5 Billion Deal

Mon, 07/08/2024 - 08:58
Devon Energy Corp. agreed to acquire the Williston Basin business of Grayson Mill Energy for $5 billion as consolidation continues in the U.S. oil patch.