General News
Lucid Sets Record 749-Mile Run Off Single Charge
An electric car by U.S. manufacturer Lucid has broken the record for the longest journey off a single charge, traveling 749 miles from St. Moritz to Munich.
Wabtec to Buy Wheel Sensor Maker in $790 Million Deal
Fresh off its $1.78 billion acquisition of an inspection technology firm, Wabtec said July 7 that it is buying Austrian wheel sensor maker Frauscher Sensor Technology Group.
Trucking Fleets Navigate Tire Costs and Performance
As one of the top expenses for trucking companies of all types and sizes, tires go a long way toward determining a motor carrier’s profitability and success.
Trump Says Aug. 1 Tariff Deadline Won’t Be Extended
President Donald Trump said he would not offer any extensions to a new Aug. 1 deadline for nations to begin paying so-called reciprocal tariffs.
Diesel Price Edges Up 1.2¢ to $3.739 a Gallon
The national average diesel price showed a modest post-holiday uptick, rising 1.2 cents a gallon to $3.739 a gallon, according to U.S. Energy Information Administration data released July 8.
Daimler Truck to Double Defense Business, Cut 5,000 Jobs
Daimler Truck said it plans to double the size of its defense business by 2030 as it seeks to profit from higher military spending globally, and will cut 5,000 jobs in Germany.
A Look at the 14 Countries That Received Trade Letters
Here's a look at the 14 countries that received letters from President Donald Trump outlining higher tariffs they’ll face if they don’t make trade deals with the U.S. by Aug. 1.
Some Sellers Sit Out Prime Day Over Tariffs
Amazon’s Prime Day is slamming into President Donald Trump’s trade war, with ever-shifting tariffs prompting some brands to sit out the sale and some shoppers hinting they plan to pull back.
Ram Pickup Trucks Back in NHTSA Probe After 7 Injuries
U.S. auto safety regulators are investigating whether earlier recalls of more than 1 million Ram pickups did enough to address a flaw that could lead to trucks rolling away unexpectedly.
Fed Sees 9% Chance Rates Fall Back to Zero
The Federal Reserve can’t assume its benchmark lending rate won’t return to zero at some point in the future, according to a group of New York Fed researchers.
Daimler Truck Sets $2.34 Billion Share Buyback
Daimler Truck Holding AG will buy back $2.34 billion of its own shares, continuing a policy of returning cash to shareholders while managing the transition to low-emission vehicles.
Trump Says He’ll Levy 25% Tariff on Japan, South Korea
President Donald Trump announced tariffs of 25% on goods from Japan and South Korea beginning on Aug. 1, as he moved to impose unilateral rates on countries that have not yet secured trade deals.
Nissan to Sell $1 Billion Convertible Bonds for Recovery
Nissan plans to sell about $5 billion in debt to help fund CEO Ivan Espinosa’s turnaround of the ailing automaker, part of a broader financing initiative to keep operations on track.
Oregon Backs $100 Million Coos Bay Container Terminal
Oregon lawmakers on June 30 approved $100 million for a new container terminal at the Port of Coos Bay, propelling the Pacific Coast Intermodal Port from proposal to construction plan.
Diesel’s Supply Crunch Leaves Market Hungry for Barrels
U.S. stockpiles of diesel products have dropped to the lowest for the time of year since 1996, while in Europe benchmark futures are signaling a tight market.
Trump Shifts Tariff Start to Aug. 1 as Deal Deadline Looms
U.S. officials signaled that trading partners will have until Aug. 1 before the tariffs kick in. Trading partners face a July 9 deadline to reach a deal.
OPEC+ to Boost Oil Production by 548,000 Barrels a Day
Eight members of the OPEC+ alliance of oil exporting countries say they will boost production by 548,000 barrels per day in August in a move that could further reduce gas prices this year.
Daimler Truck to Open Assembly Plant in Senegal
Daimler Truck plans to have trucks from various Mercedes-Benz series assembled in Senegal to supply special vehicles for defense, disaster relief and municipal tasks.
Sales Fall in Q2 for Daimler Truck
Sales fell in the second quarter for German commercial vehicle manufacturer Daimler Truck Holding due to sharply lower sales in the Trucks North America segment.
Summer Surge in Cargo Theft
Criminal networks are zeroing in on supply chains this summer. With thefts rising fast, especially in truck yards, now’s the time to rethink your security strategy.Read how organized crime is evolving in our latest blog.