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Trailer Demand Prospects Dim Further as FTR Cuts Forecast

Demand and consequently output prospects for U.S. trailer manufacturers continue to dim, said Dan Moyer, FTR Transportation Intelligence senior analyst for commercial vehicles.

September 10, 2024

Brookfield Commits $1.1B to Infinium’s Low-Carbon Fuel Growth

Brookfield Asset Management is investing up to $1.1 billion in the low-carbon e-fuels startup Infinium.

September 10, 2024

Class 8 Truck Orders Drop 16% Year Over Year in August

North American Class 8 truck orders continued to trend below the year-ago period in August, according to ACT Research. Preliminary data showed orders fell 16% to 16,400 units, but were up from July. 

September 10, 2024

Maine’s Coburn Gore Border Port Set for $85M Expansion

Construction is scheduled to begin in the fall of 2026 to update the Coburn Gore land port of entry.

September 10, 2024

US Oil Demand to Plateau This Year, EIA Says

U.S. oil demand growth is forecast to plateau this year, in the latest bearish indicator for the market, according to the Energy Information Administration.

September 10, 2024

DOE Studying ‘Soft’ Costs to Deploy EV Charging

The U.S. Department of Energy is studying so-called soft costs of deploying EV charging infrastructure that sometimes are overlooked but can be higher than the basic buildout costs.

September 10, 2024

VW Scraps German Jobs Guarantee to Cut Costs

Volkswagen is ending job protections for auto workers in Germany as part of its cost-cutting push, setting up a showdown with unions.

September 10, 2024

UPS to Acquire German Cold Chain Company

UPS is acquiring a German firm that specializes in temperature-sensitive shipping to expand its health care logistics capabilities in Europe, the company announced Sept. 10.

September 10, 2024

UPS to Lay Off More Employees to Boost Profitability

UPS Inc. is laying off more of its employees, after earlier this year announcing it was cutting 12,000 jobs in its management ranks.

September 10, 2024