New laws to curb predatory towing practices were passed in five states in 2024, aiming to curtail abusive financial practices targeting ordinary motorists and commercial drivers alike.
Category: News
Trucking Grapples With Economy, Lawsuits, EV Rules in 2024
In 2024, trucking navigated infrastructure investments and lingering economic challenges. Pressing concerns were truck parking shortages, legal battles and nuclear jury verdicts.
Rivian Deal Quietly Paves Path for UAW Once Profitable
Under Rivian and the UAW’s confidential pact, the automaker would adopt a neutral stance toward efforts to organize workers at its Illinois factory where its vehicles are made.
Trump, Musk Reject Johnson’s Plan to Avert Shutdown
The drama left Johnson huddling with allies in his Capitol office to come up with a Plan B that would keep the government financed and avoid the political pain of a shutdown come Dec. 21.
Bustling California Ports to Close 2024 With Record Volumes
The Port of Los Angeles is set for its busiest December on record, and the Port of Long Beach is on track to have its best-ever year after the hubs handled an early and sustained peak season.
Volkswagen Purchases Stake in Lithium Firm for $48 Million
Volkswagen Group will spend C$69 million ($48.1 million) on a 9.9% stake in lithium miner Patriot Battery Metals to secure raw materials for electric vehicles.
NHTSA Retreats From Massive ARC Air Bag Recall
DETROIT — U.S. auto safety regulators have backed away from seeking a giant recall of nearly 50 million air bag inflators and will investigate further after auto industry comments.
Federal Reserve Cuts Its Key Rate by a Quarter-Point
WASHINGTON — The Federal Reserve cut its key interest rate Dec. 18 by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year.
China’s CATL Plans Expansion of Battery Swapping for EVs
XIAMEN, China — The world’s largest maker of batteries for electric vehicles said Dec. 18 it will get into battery swapping in China in a big way starting next year.
Ryder Promotes Diez to Chief Operating Officer
Ryder System promoted Chief Financial Officer John Diez to president and chief operating officer effective Jan. 1, the Miami-based company said.