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NEW YORK — BMW is lowering sales and earnings targets for the 2024 fiscal year, in a move the German carmaker said was partially triggered by hefty expenses of addressing a braking system recall.

MORGAN CITY, La. — Hurricane Francine barreled toward Louisiana on Sept. 11, strengthening to a Category 2 storm that could bring deadly storm surge to the U.S. Gulf Coast.

Daimler Truck North America is making two key leadership changes this month.

WASHINGTON — The post-pandemic spike in inflation eased last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates.

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

Speaking at the FTR Transportation Conference 2024 in Indianapolis, Dan Moyer said he would have expected build levels to decline, but that has not happened.

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

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. 

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

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.