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Rust Belt Sees Boom in EV Charging

As electric car sales pick up pace far from the U.S. coasts, a wave of new fast-charging stations is coming online from the Rust Belt down to the Deep South.

October 30, 2024

Stellantis Pauses Production at Detroit Assembly Complex

Stellantis continued to slash vehicle production and cut jobs in the United States this week, including at the automaker’s Detroit Assembly Complex.

October 30, 2024

Daimler Truck Says It’s Reviewing China Operations

BERLIN — German commercial vehicle manufacturer Daimler Truck has announced it is reassessing the future of its operations in China.

October 30, 2024

Refrigerated Rates’ Near-Term Upside Likely Limited: FTR

Rates will improve in 2025, however, as will volumes, FTR Vice President of Trucking Avery Vise said during the research group’s Q4 2024 Food Industry Economic and Transportation Update.

October 30, 2024

Caterpillar Misses Estimates on Weakening Construction

Caterpillar Inc. posted a third-quarter profit that missed analysts’ expectations as the machinery producer grappled with weakening demand in construction around the world.

October 30, 2024

Volvo to Take Ownership of Northvolt Battery Joint Venture

Volvo Car is taking over a joint venture with Northvolt to build a factory on Sweden’s west coast, underscoring the major challenges of scaling battery production in the EV market.

October 30, 2024

Economy Grows at Solid 2.8% Pace on Strong Consumer Spending

WASHINGTON — The U.S. economy grew at a healthy 2.8% annual rate from July through September, with consumers helping drive growth despite the weight of still-high interest rates.

October 30, 2024

Buttigieg, Lawmakers Tout IIJA on Third Anniversary

Approaching the three-year anniversary of the Infrastructure Investment and Jobs Act, Pete Buttigieg is pointing to the law’s impact on communities and commercial corridors.

October 29, 2024

Colonial Pipeline Weighs Bids for Potential $10B Sale

The Alpharetta, Ga.-based company is working with advisers as it seeks to gauge interest from potential buyers, according to sources who asked not to be named.

October 29, 2024