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CalAmp Files Bankruptcy to Complete Restructuring

CalAmp Corp., which develops business software designed to track vehicles and improve company logistics, has filed bankruptcy to complete a lender-backed plan to cut debt.

June 3, 2024

Ships Diverted From Red Sea Send Ripple Effects Across Globe

Nearly six months into the Houthis’ relentless campaign to protest Israel’s war in Gaza, the economic fallout is widening.

June 3, 2024

OPEC+ Extends Supply Cuts Amid Slack Prices

FRANKFURT, Germany — Saudi Arabia and allied oil producing countries on June 2 extended output cuts through next year, a move aimed at supporting slack prices.

June 3, 2024

US Diesel Demand Hits 26-Year Seasonal Low in March

U.S. diesel demand plummeted to its lowest seasonal level in 26 years in March, driven by slowing economic growth.

May 31, 2024

Ohio Coordinates ‘Super Load’ Cargo Movements on Trucks

Ohio transportation officials are coordinating the movements of several trucks carrying “super loads” of cargo weighing up to 900,000 pounds.

May 31, 2024

60 Seconds: Volvo to Test Customer Hydrogen ICE Trucks in 2026

Volvo Group plans to begin testing  with customers in 2026 and launch commercial production toward the end of the decade, the parent company of Volvo Trucks North America and Mack Trucks said May 23. 

May 31, 2024

CIE Cleared of Chinese-Related Antidumping Allegations

CIMC Intermodal Equipment was cleared by federal officials of allegations that it evaded antidumping duties on chassis and subassemblies from China.

May 31, 2024

EV Maker Lucid Chops Hundreds of Jobs Amid Red Ink

NEWARK, Calif. — Lucid Group has revealed its plans to slash hundreds of jobs, part of a reorganization that the maker of electric vehicles hopes will help position it for “future success.”

May 31, 2024

Parts Suppliers Fear a Crash With Shift to EVs

Anxiety over a transition to electric vehicles is high in the thousands of businesses that have long supplied parts and equipment for cars and trucks powered by internal combustion engines.

May 31, 2024

Hess Shareholders Approved Chevron Takeover by Slim Majority

Hess Corp. shareholders approved the company’s proposal to be acquired by Chevron Corp. for $53 billion by a razor-thin majority of 51% of shares outstanding.

May 31, 2024