The trucking industry is facing merger and acquisition headwinds amid declining freight demand and rising interest rates, but deal buzz remains, experts said.
Category: News
June Trailer Orders Drop 59% Year-Over-Year
U.S. trailer orders continued the trend of year-over-year declines with a large drop in June, according to data released by ACT Research.
25 States Send EPA a Letter Opposing Emissions Proposal
Kentucky and West Virginia are leading a 25-state coalition in challenging emissions regulations proposed by the Biden administration.
Rivian to Open Chicago Showroom in September
Nearly two years after launching production of its electric pickup trucks and SUVs in Normal, Ill., Rivian is planning to open its first showroom in Chicago.
Republicans Highlight Role of Internal Combustion Engines
Legislation that aims to block efforts to prevent the sale of internal combustion engines was recently introduced in the Senate.
Trucking Takes Steps Toward Hydrogen Technology
Truck makers and suppliers are taking steps toward developing hydrogen combustion engines on the path to a zero-emission future.
Tesla Income Jumps 20% to $2.7 Billion
SAN FRANCISCO — Elon Musk’s big bet that Tesla price cuts could boost sales and profits amid increasing competition and poor economic sentiment appears to be yielding mixed results.
Container Volumes Down Year-Over-Year in June
Container volume was lower in June when measured against year-ago levels at ocean cargo facilities on the West and East Coasts, but some signs of improvement can be seen.
UPS, Teamsters Agree to Resume Talks
UPS Inc. and its union will resume labor talks after negotiations had stalled earlier this month as the company seeks to head off a strike that could occur as early as Aug. 1.
Nevada to Build Truck Parking Areas Along Northern I-80
New truck parking construction will start this summer on a northern Nevada freight route on Interstate 80 at the Golconda Summit.