U.S. Class 8 retail sales experienced their 11th consecutive month of year-over-year declines in June, according to data from Wards Intelligence.
July 11, 2024Search
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Robert Brown of Bot Auto breaks down the state of autonomous trucking today, and where it's headed.
Global Oil Demand Growth Slows Further as China Cools
Global oil demand growth slowed to its weakest in more than a year last quarter as the post-pandemic rebound in China fades, the International Energy Agency said.
July 11, 2024PepsiCo’s Q2 Profits Jump, but Demand Continues to Slip
PepsiCo reported higher-than-expected earnings in the second quarter but customer demand for its snacks and drinks continued to slip.
July 11, 2024Volvo, Cummins, ZF Win Electric Truck Manufacturing Grants
The Biden administration is set to award Volvo Group, Accelera by Cummins and ZF North America a combined $441 million in grants to upgrade manufacturing facilities.
July 11, 2024Costco Hikes Annual Membership Fee for First Time Since 2017
Costco Wholesale Corp. is boosting its basic membership fee for the first time since 2017, raising the charge to $65 a year from $60.
July 10, 2024Vitol, SK Settle California Fuel Rigging Probe for $50M
California Attorney General Rob Bonta said the state reached a settlement with Vitol and SK Energy Americas after it alleged the firms acted together to manipulate local gasoline markets.
July 10, 2024Senate Republicans Push Back on Overtime Rule
Efforts to chip away at acting Secretary Julie Su’s agenda at the Department of Labor remain a priority for congressional Republicans.
July 10, 2024Construction Begins on Truck Battery Cell Manufacturing Plant
Construction of Amplify Cell Technologies’ battery cell manufacturing plant in Marshall County, Miss., has begun, the joint venture among Accelera, Daimler Trucks and Paccar said.
July 10, 2024ADM Taps 3M CFO as Troubled Trader Seeks Return to Normalcy
Archer-Daniels-Midland Co. — working to put an accounting scandal behind it — has hired a 3M Co. executive to oversee its finances and help restore its credibility with shareholders.
July 10, 2024Trucking Fleets List Operational Costs as Top 2024 Priority
The trucking industry cited total cost of ownership as its top concern for 2024, Shell Fleet Solutions and NAFA Fleet Management Association found in a survey June 27.
July 10, 2024