With the combination of increasing prices and interest rates, supply chain shortages and the rise of electrification, fleets are collectively at a tipping point. With these market conditions, are more trucking companies looking for alternative options, such as leasing, to purchase new units to hedge their uncertainty?
June 6, 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.
Musk Threatens to Walk Away From Twitter Deal
DETROIT — Elon Musk is threatening to walk away from his $44 billion bid to buy Twitter, accusing the company of refusing to give him information about its spam bot accounts.
June 6, 2022Tesla Faces Increase in Complaints Over ‘Phantom Braking’
Tesla Inc. is facing stepped-up scrutiny from U.S. regulators who have received 758 complaints of cars made by the company that suddenly brake at high speeds, more than double the number of reported incidents earlier this year.
June 3, 2022Tesla Pauses Hiring, Musk Says Need to Cut Staff by 10%
Electric carmaker Tesla Inc. needs to cut staff by around 10%, CEO Elon Musk said, noting he had a “super bad feeling” about the economy, according to an internal email seen by Reuters.
June 3, 2022California Regulators Approve State’s First Robotic Taxi Fleet
California regulators on June 2 gave a robotic taxi service the green light to begin charging passengers for driverless rides in San Francisco, a first in a state where dozens of companies have been trying to train vehicles to steer themselves on increasingly congested roads.
June 3, 2022ATA Leader Chris Spear Doesn’t See Automation as Threat to Drivers
NASHVILLE, Tenn. — American Trucking Associations President Chris Spear said he doesn’t view the ongoing advancement of autonomous trucking as a threat to drivers, since economic factors will ensure demand for drivers for years to come.
June 3, 2022Futurist Outlines What Could Be Ahead for Driver Recruiting
NASHVILLE, Tenn. — Futurist Nikolas Badminton explored June 2 how the trucking industry could change in the years ahead and what that means when it comes to driver recruitment.
June 2, 2022Why Hydrogen is Trucking's Next Fuel
The Advanced Clean Truck Rule, which will require manufacturers to increase their zero-emissions truck sales by a growing percentage starting in 2025, has now been adopted by six states. At the same time, Cummins has unveiled a new strategy to reduce the negative impacts of its products as well as collaborate with various industry stakeholders in order to reach net-zero emissions by 2050. With designs to supply Freightliner with a hydrogen fuel cell powertrain for the heavy-duty Cascadia model, is hydrogen the first step to a cleaner industry? President and COO of Cummins, Jennifer Rumsey joins TT's Dan Ronan to discuss how the company is changing existing products and developing new ones, collaborating with Trillium to help customers integrate alternative fuel technologies into their fleets, and how important it is to start reducing emissions today.
June 16, 2022Ford Plans to Add 6,200 Jobs in Ohio, Michigan, Missouri
DETROIT — Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models.
June 2, 2022Paccar Predicts Truck Market Stronger for Longer
Truck maker Paccar Inc. sees the traditional peak-to-peak cycle in the U.S. truck market smoothing amid the industry’s already strong orders backlog that has fleets still waiting to gain slots for 2023 to replace aging trucks that they have to run longer than usual.
June 2, 2022