WASHINGTON — The post-pandemic spike in inflation eased last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates.
September 11, 2024Search
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TT's Seth Clevenger, Michael Freeze and Keiron Greenhalgh break down what ACT Expo revealed about trucking's road to sustainability.Â
Trailer Demand Prospects Dim Further as FTR Cuts Forecast
Demand and consequently output prospects for U.S. trailer manufacturers continue to dim, said Dan Moyer, FTR Transportation Intelligence senior analyst for commercial vehicles.
September 10, 2024FTR: Class 8 Truck Production Outpacing Expectations
Speaking at the FTR Transportation Conference 2024 in Indianapolis, Dan Moyer said he would have expected build levels to decline, but that has not happened.
September 10, 2024Brookfield Commits $1.1B to Infinium’s Low-Carbon Fuel Growth
Brookfield Asset Management is investing up to $1.1 billion in the low-carbon e-fuels startup Infinium.
September 10, 2024Class 8 Truck Orders Drop 16% Year Over Year in August
North American Class 8 truck orders continued to trend below the year-ago period in August, according to ACT Research. Preliminary data showed orders fell 16% to 16,400 units, but were up from July.Â
September 10, 2024Maine’s Coburn Gore Border Port Set for $85M Expansion
Construction is scheduled to begin in the fall of 2026 to update the Coburn Gore land port of entry.
September 10, 2024US Oil Demand to Plateau This Year, EIA Says
U.S. oil demand growth is forecast to plateau this year, in the latest bearish indicator for the market, according to the Energy Information Administration.
September 10, 2024DOE Studying ‘Soft’ Costs to Deploy EV Charging
The U.S. Department of Energy is studying so-called soft costs of deploying EV charging infrastructure that sometimes are overlooked but can be higher than the basic buildout costs.
September 10, 2024VW Scraps German Jobs Guarantee to Cut Costs
Volkswagen is ending job protections for auto workers in Germany as part of its cost-cutting push, setting up a showdown with unions.
September 10, 2024UPS to Acquire German Cold Chain Company
UPS is acquiring a German firm that specializes in temperature-sensitive shipping to expand its health care logistics capabilities in Europe, the company announced Sept. 10.
September 10, 2024