General News
Nikola Showcases Hydrogen Fuel Cell EV at CES
LAS VEGAS — Nikola Corp. showcased the range and maneuverability of its hydrogen fuel cell electric truck Jan. 7 during a test ride at CES 2024.
Daimler Truck Deputy Chair Calls 15% Savings Goal Unrealistic
Daimler Truck Holding is not likely to achieve the 15% reduction in operating costs, investment and research and development expenditures it’s targeting by 2025, its deputy chairman said.
Stellantis Sales Drop 1% in 2023; Plug-In Hybrids Up
Stellantis NV reported a 1% U.S. sales decline in 2023, the company said Jan. 3. The automaker sold 1.527 million new vehicles last year, down from about 1.547 million sold in 2023.
Industry Takes Fresh Look at Reverse Logistics
Reverse logistics — the management and movement of returned goods — is one of the most significant systems in the economy, and one of the most complicated.
Penske Logistics Names Jeff Jackson President
Penske Logistics has named Jeff Jackson president, succeeding Marc Althen, who is retiring. A longtime Penske leader, Jackson has more than 28 years' experience in transportation.
Driverless Truck Companies Hoping to Ditch Human Copilots
Driverless trucks with no humans on board will soon cruise Texas highways if three firms have their way despite objections from critics who say finances, not safety, is behind the timetable.
Groendyke Transport Names Joe Morrissey President
Groendyke Transport, which has operated for more than 90 years, announced Jan. 4 that Joe Morrissey has been named president.
Tesla Recalls Chinese Exports to Fix Steering, Door Glitches
Tesla is recalling more than 1.6 million Model S, X, 3 and Y electric vehicles exported to China for problems with their automatic assisted steering and door latch controls.
Economic Strength Persists With 216,000 New Jobs in December
The nation’s employers added a robust 216,000 jobs in December 2023, the latest sign that the American labor market remains resilient even in the face of sharply higher interest rates.
Maersk Extends Red Sea Diversion and Warns Risk Will Persist
A.P. Moller-Maersk A/S plans to continue diverting ships away from the Red Sea “for the foreseeable future” after pausing transits earlier this week to assess the situation.
Amazon Captured 29% of Online Orders Before Christmas
Amazon's share of online orders spiked in the final days of the holiday season, showing how big investments in delivery speed paid off as shoppers sought out products they could get quickly.
Senate to Consider NTSB Nominations
Confirmation votes for National Transportation Safety Board nominees J. Todd Inman and Alvin Brown are on the Senate’s radar.
Kia, Toyota, Ford Earn 2024 APA North American Awards
The Kia EV9 large electric SUV won the 2024 North American Utility of the Year award, while the Toyota Prius hybrid took the top car honors, and Ford’s Super Duty pickup won the truck award.
Secretary Buttigieg to Headline Annual TRB Conference
Transportation Secretary Pete Buttigieg is among the senior officials headlining the Transportation Research Board meeting this year.
Oil’s Ample Supply Has Analysts Seeing Tough Year for Crude
Supply is back in the driver’s seat for global crude markets, as rising production from non-OPEC+ nations including the U.S. may outstrip global demand that’s growing at a slower pace.
November Used Class 8 Sales Rise 2% Year-Over-Year
Used Class 8 truck sales rose just shy of 2% year-over-year in November to 20,500 units from 20,100 vehicles, ACT Research reported.
Spot Container Shipping Rates Soar 173% on Red Sea Threats
Short-term rates for container shipping between Asia, Europe and the U.S. are climbing on reduced capacity caused by the threats to cargo vessels in the Red Sea.
GM Misses 2023 EV Goal by Half as Production Woes Persist
General Motors Co. missed its goal of producing 150,000 electric vehicles last year, with about half of them being new models built using its Ultium battery pack, by a significant margin.