Category: News

U.S. retail sales of Class 8 trucks in September hit their highest level in 16 months, climbing over 17,000 units as a broad cross-section of buyers sought trucks, experts said.

Ray Martinez, nominated for the top post at the Federal Motor Carrier Safety Administration, received a strong endorsement from Sen. John Thune, a key policymaker for the trucking industry.

Daimler AG announced it is taking steps to separate its Daimler Trucks & Bus and Mercedes-Benz Cars & Vans divisions into two legally independent and more entrepreneurial entities still under the “roof and the lead” of Daimler.

It appears Hurricane Harvey will inflict little long-term disruption on the Texas regional economy, which continued to expand at a “moderate pace” over the past six weeks despite the giant storm, according to a report Oct. 18 from the Federal Reserve Bank of Dallas.

The Federal Motor Carrier Safety Administration will grant UPS Inc. temporary exemption from parts of the upcoming electronic logging device mandate, according to a document scheduled for publication in the Federal Register on Oct. 20.

Alphabet Inc.’s investment arm, CapitalG, led a $1 billion investment in Lyft Inc. that values the ride-sharing startup at $11 billion, the ride-sharing startup said.

The Navistar-GM partnership in Springfield, Ohio has lead a Michigan trucking company to open a new terminal in Springfield, a move that could lead to a $5.2 million investment and more than 100 jobs over three years.