U.S. trailer orders for March declined on both an annual and monthly basis, ACT Research reported.
Category: News
Philadelphia Judge Rejects $25M Jury Verdict in Truck Crash
US Has a Fast EV-Charging Station for Every 15 Gas Stations
Automakers may be pumping the brakes on EV production in the U.S., but charging challenges — traditionally a major hurdle to adoption — are vanishing at a rapid clip.
Ford’s Commercial Business Is Defying the EV Slump
Demand from fleet-based vehicle operators is a lone bright spot for the EV industry as global sales sputter.
US to Provide $6.1 Billion for Micron Technology Chip Plants
WASHINGTON — The Biden administration has reached an agreement to provide $6.1 billion in government support for Micron Technology to produce advanced memory computer chips.
Firms Fret Over Any Lengthy Baltimore Port Closure
The closure of the Port of Baltimore has so far not led to broad price increases, though firms are concerned about any extended shutdown, according to a Federal Reserve report.
US Reimposes Oil Sanctions on Venezuela
MIAMI — The Biden administration on April 17 reimposed crushing oil sanctions on Venezuela.
CSX Profit Drops 10% Despite 3% More Q1 Freight
CSX’s first-quarter profit slipped 10% even though the railroad delivered 3% more goods, as the mix of shipments it handled shifted toward less profitable items.
NYC Congestion Plan Adds Money to Offset N.J. Harm, MTA Says
New York City’s congestion pricing plan will now include funds to help alleviate potential pollution issues the new tolling program may spark in New Jersey.
Volvo Group Price Increases Aid Q1 Profits
Profits at truck maker Volvo Group in the first quarter of 2024 received a boost from price increases, even as orders and deliveries declined as expected.