Trucks

The U.S. Consumer Price Index (CPI) recorded an annual inflation rate of 3.2% in July, rising from 3% in June but lower than expected 3.3%. Despite the overall figure, there were substantial variations among the basket’s key components, but the significant decline in the price of second-hand...

General Motors Co (NYSE:GM) said on Tuesday it would invest C$280 million ($208.85 million) in its manufacturing facility in Ontario’s Oshawa, just a day after committing to a huge investment in Michigan. What Happened: The fresh investment, made in addition to the $1.2 billion invested...

The United States Postal Service (USPS) is looking to improve its fleet of vehicles. A contract in 2022 was met with backlash as it focused less on electric vehicles than expected, something it is looking to improve going forward. USPS recently awarded a number of postal truck contracts, some...

Cathie Wood-led Ark Investment Management on Monday further raised its exposure in self-driving trucking company TuSimple Holdings Inc (NYSE: TSP) on the dip. The popular stock-picking firm loaded up 260,318 shares — estimated to be worth $2.79 million based on Monday’s closing...

XL Fleet Corp (NYSE: XL) shares are trading higher Tuesday after the company announced it was awarded a pilot project with the U.S. Department of Defense to prototype fuel-saving technology for tactical vehicles. This technology has the potential to be applied to tens of thousands of existing...

General Motors Company (NYSE: GM) was trading higher Friday despite Wells Fargo lowering its price target on the automaker from $67 to $63. GM also announced it was extending the shut-down of a number of assembly plants due to the ongoing global chip shortage. Competition for GM is also heating up...

Visibility and transparency come up time and time again in the transportation industry. Often, these topics are tied into conversations about increasing efficiency and bottom lines. While a more efficient supply chain undoubtedly leads to higher profits, increased earnings are not the only...

Two $100 billion companies announced a partnership to bring zero-emission mining trucks to the market. What Happened: BHP Group Ltd (NYSE: BHP) and Caterpillar Inc. (NYSE: CAT) announced a partnership to design and implement zero-emission mining trucks to help with future initiatives. “...

On Tuesday at about 11 a.m. Eastern time, the Federal Emergency Management Association responded to a query from FreightWaves sent a day earlier: How many trucks is FEMA operating as part of its relief efforts for Hurricane Ida? The response: "1,571 and counting." In a short series of answers,...

A reporter's notebook from the Advanced Clean Transportation Expo in Long Beach, California Like coins dropped into a jar at the end of the day, the number of heavy-duty electric trucks continues to grow by nickels, dimes, and quarters. But measuring success requires more than counting up pocket...

Electric commercial vehicle maker VIA Motors is being acquired by Ideanomics in a deal that values the company at $450 million. Under the terms, Ideanomics (NASDAQ: IDEX) will purchase Orem, Utah-based VIA in an all-stock transaction, with VIA stockholders receiving 162 million shares of...

Ten Class 8 Peterbilt Model 579EVs running drayage in the Port of Oakland illustrate two facts of heavy-duty electrification: Class 8 Battery-electric trucks are for real. They only work where infrastructure is in place to charge them. Shippers Transport Express (STE) has both working for it in...

Werner Enterprises is banking on a commercial learner's permit (CPL) exemption not only to boost operational productivity but to help the company get its drivers employed faster. In an application filed with the Federal Motor Carrier Safety Administration in July, the Omaha, Nebraska-based...

Workhorse Group delivered 14 electric delivery vans to customers in the second quarter but it is going back to the drawing board to figure out how to add more cargo capacity before it resumes ramping up production. In many ways, the Workhorse (NASDAQ: WKHS) earnings report for the April to June...

Indicted Nikola Corp. founder Trevor Milton sold 7 million of his 79 million shares in the electric truck startup last week, pulling in $71.5 million that he may need for his legal fight against federal fraud charges. Separately, Bloomberg reported Milton has hired two lawyers who defended Tesla...