U.S. retail sales for medium-duty trucks increased 10.5% year-over-year in January, marking three months of positive gains, according to data from Wards Intelligence.
Category: News
Ex-VW Chief Sticks to Story on 2015 Diesel Testing Scandal
Former Volkswagen AG CEO Martin Winterkorn has again rejected any blame for a 2015 scandal in which the company used a so-called defeat device to undermine carbon emission testing.
Goodyear Q4 Loss Soars on Goodwill, Rationalization Charges
Losses nearly tripled at Goodyear in the fourth quarter of 2023 compared with the year-ago period as the tire manufacturer digested restructuring costs and sales slowed, including in the North American commercial vehicle sector.
Senators Introduce Freight Border Bill
Legislation meant to ensure border security staff remain at commercial ports of entry was recently introduced in the U.S. Senate.
Inflation Tops Forecasts in Blow to Fed Rate-Cut Hopes
U.S. consumer prices jumped at the start of the year, stalling recent disinflation progress and likely delaying any Federal Reserve interest-rate cuts.
Mack Invests $14.5 Million in Roanoke Valley Expansion
Mack Trucks is investing $14.5 million to expand its manufacturing facility in Roanoke, Va., the company announced Feb. 9.
Oregon Trucking Association Sues State Over Excess Taxation
Three trucking companies joined the Oregon Trucking Association in suing the state for violating its own constitution by requiring heavy trucks to pay $528,000 daily in excess taxes.
US Small-Business Optimism Drops by Most Since End of 2022
U.S. small-business optimism in January suffered the biggest drop since 2022, due to weak profits and sales expectations, according to the National Federation of Independent Business.
New Jersey Lawmakers Raise Minimum Insurance
The New Jersey Legislature has passed a law requiring heavy trucks to carry a minimum $1.5 million in liability insurance — double the current federal minimum insurance requirement of $750,000.
Top Truck Bottlenecks Mostly the Same, Just More Congested
A familiar congested highway spot in Fort Lee, N.J., outside New York City, once again tops American Transportation Research Institute’s list of the nation’s worst trucking chokepoints.