Classes 4-7 U.S. retail sales in October were off 5% from a year earlier, thanks only to strength in Class 6 as the other classes fell, Wards Intelligence reported.
November 14, 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.
FedEx Freight Unit Furloughs Workers as Cargo Demand Slows
FedEx Corp.’s freight unit is putting workers on furlough in some U.S. markets, adding to mounting evidence of a cargo slowdown as the company joins other large employers trimming their ranks.
November 14, 2022J.B. Hunt Plans Carbon Emission Intensity Reduction of 32% by 2034
J.B. Hunt Transport Services Inc. set a new goal to reduce its carbon emission intensity 32% by 2034, the company announced Nov. 14.
November 14, 2022Chip Delivery Times Shrank Rapidly in October as Supply Crunch Subsides
Chip delivery times shrank by six days in October, the biggest drop since 2016, adding evidence that demand for electronic components is falling off quickly.
November 10, 2022Hyliion Reports Modest Q3 Revenue as Net Loss Widens
Hyliion Holdings Corp., which went public in 2020, reported a higher net loss on modest revenue in the third quarter. But the electrified powertrain provider ended the quarter with over $455 million of cash and marketable investments.
November 10, 2022October Class 8 Sales Show Broad Gains Over Year Earlier
U.S. Class 8 retail sales in October improved 34.5% compared with a year earlier, Wards Intelligence reported as all but one truck maker notched higher sales.
November 10, 2022Amazon Unveils Smaller Delivery Drone That Can Fly in Rain
Amazon.com Inc. unveiled a new delivery drone on Nov. 10 that’s smaller, makes less noise and can fly through light rain, the latest effort to get the troubled and long-developing project off the ground.
November 10, 2022California Sees Improvements in New Emissions Report
The California Air Resources Board has released a greenhouse gas emissions report showing a 33% drop in carbon pollution since 2001 that was achieved through a combination of tactics including expanded use of biodiesel and renewable diesel in heavy-duty trucks, greater use of electric vehicles and more fuel-efficient passenger vehicles.
November 8, 2022Nikola to Resell Charging Infrastructure From ChargePoint
Nikola Corp. and ChargePoint Holdings Inc. announced a partnership to enable Nikola and the Nikola sales and service dealer network to resell ChargePoint’s portfolio of charging infrastructure and software solutions to its fleet customers.
November 8, 2022Renault, China’s Geely Announce Powertrain Joint Venture
Renault SA and China’s Geely announced plans on Nov. 8 for a jointly owned venture to produce gasoline-powered and hybrid powertrains, adding to a series of partnerships between global automakers to share soaring technology costs.
November 8, 2022