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Chevron Buys $2.3B Hess Stake, Stays Confident on Merger

Chevron bought nearly 5% of Hess as a show of confidence that it will win the arbitration battle with Exxon Mobil that has delayed the Hess takeover for more than a year.

March 17, 2025

Low-Rolling-Resistance Tires Gain Traction in Trucking

Significant technological advances in recent years have helped to increase demand for LRR tires. “They’re just making the tires better and better all around,” one trucking executive said.

March 17, 2025

Trump Says Both Reciprocal, Sectoral Tariffs Coming April 2

President Donald Trump said he would be imposing both broad reciprocal tariffs and additional sector-specific tariffs on April 2.

March 17, 2025

Trump’s Trade Wars Tip World to Slower Growth, OECD Warns

The Organization for Economic Cooperation and Development predicted the pace of global expansion to slow to 3.1% this year, with annual expansion in the U.S. wilting to 1.6% next year.

March 17, 2025

BYD Unveils Battery System That Charges EV in Five Minutes

BYD unveiled a new system for electric cars that the Chinese automaker says will allow them to charge almost as fast as it takes a regular car to refuel.

March 17, 2025

Wabash to Quadruple Size of TaaS Fleet

Trailer manufacturer Wabash intends to expand the size of its trailers-as-a-service fleet by as much as a factor of four by the end of 2025, an executive told Transport Topics.

March 14, 2025

Daimler Truck Eyes Reset as Steady DTNA Awaits OTR Rebound

Daimler Truck North America had a steady fourth quarter of 2024 and full year, but the rest of Daimler Truck is set for a substantial reorganization and strategy revamp.

March 14, 2025

Nikola’s Bankruptcy Sale Nears Critical March 17 Deadline

If no suitable bids arrive by the stalking horse deadline, court documents indicate that an auction will take place April 7. The court said it would make public the results on April 10.

March 14, 2025

Trump Set to Meet Oil Titans on Energy Production

President Donald Trump is set to meet with top oil executives as the industry grows uneasy about falling crude prices and tariff uncertainty.

March 14, 2025