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Trucking Grapples With Economy, Lawsuits, EV Rules in 2024

In 2024, trucking navigated infrastructure investments and lingering economic challenges. Pressing concerns were truck parking shortages, legal battles and nuclear jury verdicts.

December 19, 2024

Trump, Musk Reject Johnson’s Plan to Avert Shutdown

The drama left Johnson huddling with allies in his Capitol office to come up with a Plan B that would keep the government financed and avoid the political pain of a shutdown come Dec. 21.

December 19, 2024

Bustling California Ports to Close 2024 With Record Volumes

The Port of Los Angeles is set for its busiest December on record, and the Port of Long Beach is on track to have its best-ever year after the hubs handled an early and sustained peak season.

December 18, 2024

Volkswagen Purchases Stake in Lithium Firm for $48 Million

Volkswagen Group will spend C$69 million ($48.1 million) on a 9.9% stake in lithium miner Patriot Battery Metals to secure raw materials for electric vehicles.

December 18, 2024

NHTSA Retreats From Massive ARC Air Bag Recall

DETROIT — U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after auto industry comments.

December 18, 2024

Federal Reserve Cuts Its Key Rate by a Quarter-Point

WASHINGTON — The Federal Reserve cut its key interest rate Dec. 18 by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.

December 18, 2024

China's CATL Plans Expansion of Battery Swapping for EVs

XIAMEN, China — The world’s largest maker of batteries for electric vehicles said Dec. 18 it will get into battery swapping in China in a big way starting next year.

December 18, 2024

Ryder Promotes Diez to Chief Operating Officer

Ryder System promoted Chief Financial Officer John Diez to president and chief operating officer effective Jan. 1, the Miami-based company said.

December 18, 2024

Walmart Stock Soars 82% in 2024, Leading Retail Industry

Analysts are betting that further market-share gains and increased profit contributions from Walmart’s higher-margin ancillary businesses will extend the stock’s rally.

December 18, 2024