Ford Motor Co. is making its telematics system available to all commercial vehicle manufacturers, the company announced.
March 8, 2021Search
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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.
Driverless Truck Startup Plus Seeks SPAC Merger
Self-driving truck startup Plus is in advanced talks with a few special purpose acquisition companies for a merger, as it seeks to bankroll its expansion in the autonomous driving industry, according to people familiar with the matter.
March 8, 2021Penske Agrees to Acquire Kansas City Freightliner
Penske Automotive Group Inc. announced it entered into an agreement to acquire Kansas City Freightliner, a retailer of medium- and heavy-duty commercial trucks.
March 5, 2021Heavy-Duty Repair Shops Report Drop in Revenue Due to Pandemic
A majority of heavy-duty repair shops saw a significant drop in revenue due to the coronavirus pandemic in 2020, a new report found.
March 4, 2021GM Looks for Location for Second US Battery Factory
General Motors is looking for a site to build a second U.S. battery factory with joint venture partner LG Chem of Korea.
March 4, 2021FedEx Sets Plan for Carbon-Neutral Operations by 2040
FedEx Corp. announced plans to achieve carbon–neutral operations globally by 2040, with vehicle electrification a key tenet of the strategy.
March 3, 2021Frothy Cargo Market Spurs Vessel Owners to Flip Ships
Flip this ship. That’s exactly what some containership owners are opting to do, capitalizing on a hot ocean freight market that shows few signs of cooling off.
March 3, 2021Class 8 Orders Surge 212% to 43,800
North American Class 8 orders hit 43,800 in February, up 212% compared with a year earlier, ACT Research reported, citing truck makers’ preliminary data.
March 3, 2021Lightweighting of Trucks Could Become More Prevalent, NACFE Finds
Some truck buyers require lightweighting while most others move toward it slowly, if at all, but the coming of electric trucks may demand more of it, according to an updated confidence report from the North American Council for Freight Efficiency.
March 3, 2021Navistar Stockholders Approve Merger With Traton SE
Moving one step closer to being acquired, Navistar International Corp. announced stockholders approved Traton SE’s proposal to buy all of Navistar’s outstanding common shares for $44.50 per share in cash, or $3.7 billion.
March 2, 2021