The total marginal cost of operating a truck in 2023 rose to a record $2.270 per mile despite fuel costs that fell by 8.8 cents per mile, the American Transportation Research Institute said.
Category: News
US Trade Deficit Widens to Largest Since 2022
The U.S. trade deficit widened in May to the largest since 2022 as a decline in exports of merchandise exceeded a drop in imports.
Default Risks Rising for Truck Parts Maker Accuride
Commercial truck parts maker Accuride is burning cash in the wake of pricing actions and weaker-than-expected demand, according to S&P Global Ratings.
Chinese Firms Eye Morocco to Cash In on US EV Subsidies
TANGIERS, Morocco — After the U.S. passed subsidies designed to boost domestic EV production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in Morocco.
US New Vehicle Sales Rise Year-Over-Year in Q2 — Barely
U.S. new-vehicle sales rose only slightly in the second quarter despite larger discounts and slightly lower prices.
Kentucky College Offering Evening CDL Classes to Meet Demand
Kentucky’s Gateway Community & Technical College is offering its first commercial driver license evening classes to help meet demand for new truck drivers in the state.
Biden Proposes Rule to Protect Workers From Extreme Heat
WASHINGTON — President Joe Biden proposed a new rule to address excessive heat in the workplace, warning that high temperatures are the country’s leading weather-related killer.
White House Seeks Funds for Baltimore Bridge Repairs
The leader of the Senate budget panel endorsed a recent emergency funding request from the White House specific to repairing a bridge that collapsed in Baltimore this year.
Stellantis Invests Additional $55M in Electric Air Taxi
Stellantis has invested an additional $55 million in the electric air taxi company Archer Aviation following a successful test flight and other major milestones.
C.H. Robinson COO Arun Rajan Becomes CSIO
In an atypical move, C.H. Robinson’s chief operating officer — its No. 2 — is becoming its chief strategy and innovation officer.