General News
Ford Cuts Price of F-150 Lightning Pickup
Ford slashed prices of its electric F-150 Lightning pickup truck by as much as 7.5% as the automaker prepares to resume deliveries this month following a halt this year over a quality issue.
Spot Market Rebalance Slows Amid Volatile Capacity
The spot market is struggling to rebalance as the rate of carriers exiting has slowed despite sluggish demand.
US Class 8 Truck Sales Fall Again in March
U.S. Class 8 retail sales continued to decline year-over-year in March, according to data from Wards Intelligence.
OPEC Says Oil Needs Monitoring Amid Summer Demand
Oil will need to be closely watched in the coming months to ensure “a sound and sustainable market balance” during an expected surge in demand, OPEC said in its monthly oil market report.
Self-Driving Startup Wayve Expands to Vancouver
British autonomous driving startup Wayve Technologies Ltd. is opening a research center in Vancouver, adding its second location in North America to accelerate its growth.
Producer Prices Rose 2.1% From Last Year, Most Since April
WASHINGTON — U.S. producer prices rose in March from a year earlier at the fastest pace in nearly a year, but the gain was less than economists expected.
NTSB Probes Fatal Crash Involving Ford With Automated System
DETROIT — The NTSB is investigating a March crash near Philadelphia that killed two people and involved a Ford EV that may have been operating on a partially automated driving system.
Roadrunner Opens Service Center in Atlanta
Roadrunner opened a new less-than-truckload service center in Atlanta, the longhaul freight carrier announced April 10.
Energy Researcher: Peak Oil Won’t Happen Before 2030
Global oil demand won’t peak before the end of this decade due to underwhelming fuel economy standards and slowing adoption of electric vehicles in the U.S., energy researcher Enverus says.
NTSB's Report on East Palestine Due Out in June
The head of the National Transportation Safety Board told senators the agency expects to unveil a report in June detailing last year’s freight train derailment in East Palestine, Ohio.
Shipping Giant MSC Vows to Fight ‘Excessive’ $63M FMC Fine
The world’s largest container carrier will push back against a proposed U.S. government fine that would rank among the stiffest penalties handed down by the Washington regulator.
Baltimore Port Closure Means 35% Drop in April Coal Exports
Closure of the Port of Baltimore — America’s second-biggest hub for coal — has choked exports of the fossil fuel, with flows expected to plunge 35% this month.
Rental Clothing Firm Opens Kansas City Fulfillment Center
Operations have begun in Missouri at a 600,000-square-foot fulfillment center for women’s rental clothing company Nuuly in a $60 million two-phase project to create 750 jobs in five years.
World of Volvo Debuts in OEM’s Hometown
GOTHENBURG, Sweden — Executives from Volvo Trucks and Volvo Cars lifted the veil on the new World of Volvo city center, offering a glimpse of company's vision for the future.
NTSB Eyes Ship’s Electrical System After Bridge Crash
Federal investigators looking into what caused a ship to crash into a vital Baltimore bridge last month are homing in on the vessel’s electrical system, NTSB Chair Jennifer Homendy said.
Higher Gas and Rents Keep Inflation Elevated
WASHINGTON — Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said April 10.
$73 Million Cold Storage Site Set for Port of Gulfport
A subsidiary of Core X Partners is investing $73 million to establish a Mississippi cold storage site at the Port of Gulfport in a venture to revitalize the Gulf Coast cold supply chain.
Bill Coming to Clarify That Feds Pay for Baltimore Bridge
WASHINGTON — Maryland lawmakers announced they will introduce a bill that will make clear the U.S. government will cover the cost of rebuilding the collapsed Francis Scott Key Bridge.
Rivian Hosts R2 Event in Illinois at New Production Home
Rivian Automotive was back in Normal, Ill., on April 6 with its second-generation EVs and the promise of more activity at a now-bustling auto plant.
DTNA Q1 Sales Fall 5% Year-Over-Year as Demand Normalizes
Daimler Truck North America sold 46,220 trucks and buses in the first three months of 2024, a 5% decrease compared with the first quarter of 2023’s total of 48,891.