January’s average retail sales price for a used Class 8 truck burst past $88,000 to set a new monthly record and post an 83.2% gain compared with a year earlier, ACT Research reported.
March 1, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Lucid Sinks After Cutting Production Goal on Commodity Woes
Lucid Group Inc. slumped after lowering its production target for this year to between 12,000 and 14,000 cars, down from a previous goal of 20,000, citing “extraordinary” challenges with logistics and its supply chain.
March 1, 2022Biden Takes on Ocean Shipping as FMC Sees Market Setting Rates
President Joe Biden is taking on the concentrated market power of ocean shipping companies, although officials at the agency overseeing the industry indicated they lack both the jurisdiction and, for now, any evidence of wrongdoing.
March 1, 2022Toyota to Resume Japan Production After Supplier Cyberattack
Toyota Motor Corp. will resume work at all its Japanese factories March 2 after a one-day shutdown, limiting the fallout from a cyberattack on one if its key suppliers.
March 1, 2022Waymo, Cruise Set Pace in Electrifying Autonomous Vehicles
Autonomous vehicles are mostly electric so far. That’s one of the main conclusions of BloombergNEF’s just-published annual report analyzing the state of AV testing programs in the U.S. and China.
March 1, 2022GM’s Cruise Names Interim CEO Vogt Full-Time Chief
Cruise LLC, the autonomous vehicle company that is majority-owned by General Motors Co., named founder Kyle Vogt its full-time chief executive officer.
February 28, 2022Class 8 Truck Makers, Buyers Struggle to Get in Sync on Orders
No one asked for these challenges: not the truck buyers staring at a rising tide of freight demand, and not truck makers delivering as many new heavy-duty trucks as they can to customers, but still way too few.
February 28, 2022Hyliion Receives Order for 50 Hypertruck ERX Powertrains
Hyliion Holdings Corp. announced private fleet GreenPath Logistics ordered 50 Hyliion Hypertruck ERX powertrains.
February 28, 2022Embark Partners With Alterra on Transfer Points
Autonomous truck software developer Embark Trucks Inc. announced a strategic partnership with Alterra Property Group, a real estate investment company focused on industrial outdoor storage properties, to identify and launch transfer-point sites across the Sunbelt.
February 28, 2022Blacklisted Chinese Chipmaker Seeks Vindication in US Trial
A Chinese chipmaker blacklisted by Washington as a technology thief more than three years ago is getting a chance to prove it was wrongly accused.
February 28, 2022