The passage of a substantial tax reform bill will provide tax stability for truckers but fails to offer help with issues surrounding their overtime pay, industry advocates say. The US House of Representatives passed the One Big Beautiful Bill on Thursday, July 3rd. The bill is primarily focused on extending and modifying the 2017 Tax ...more
Police say that a truck driver was “laughing about it as he drove away” from the site of a fatal road rage incident with another semi truck. The incident happened on the evening of June 22nd. The truck driver surrendered to police on Tuesday, July 1st for the New Jersey Turnpike incident. According to NJ News, ...more
Several semi trucks were heavily damaged by fire at a truck stop located in Weld County, Colorado, on Wednesday night. At 9:50 p.m. on July 2, Mountain View Fire Rescue responded to a reported commercial vehicle fire at a truck stop located along Colorado Highway 119 just west of I-25.Mountain View Fire RescueWhen crews arrived ...more
Stellantis Sales in US Drop 10% Despite Ram Recovery
A 2026 Ram 1500 pickup truck. (Ram Trucks) Stellantis NV’s U.S. sales fell 10% in the second quarter despite resilient demand for Jeep SUVs and Ram trucks, indicating the beleaguered automaker still has a ways to go in its recovery bid. Ram sales rose 5% in the period, driven by rising demand for its light-duty ...more
US Trade Deals Seek to Shut Out China
Gantry cranes and containerships at the Yangshan Deepwater Port in Shanghai. (Qilai Shen/Bloomberg) The trade truce between Washington and Beijing may be holding for now, but China is increasingly wary about what’s happening elsewhere: U.S. efforts to forge deals that could isolate Chinese firms from global supply chains. Ahead of a July 9 deadline, U.S. ...more
Del Monte Foods Files for Bankruptcy
Del Monte executed a debt overhaul last year. (Daniel Acker/Bloomberg) Canned food company Del Monte Foods filed for bankruptcy, less than a year after executing a controversial debt restructuring. The company entered into a lender-backed restructuring support agreement that calls for the food producer to sell its assets in bankruptcy court. Del Monte has lined ...more
Rivian Limits EV Output to Avoid Excess of Outgoing Models
Rivian electric vehicles at a dealership in San Francisco in June. (David Paul Morris/Bloomberg) Rivian Automotive Inc. produced about half as many electric vehicles as Wall Street expected in the second quarter prior to the launch of 2026 model year vehicles later this month. The EV maker assembled 5,979 trucks, SUVs and delivery vans at ...more
Tesla Sales Fell Sharply in Q2 Over Musk Backlash
Musk and Trump sit in a Tesla Model S at the White House in March. (Pool via AP/File) NEW YORK — Sales of Tesla electric cars fell sharply in the last three months as boycotts over Elon Musk’s political views continue to keep buyers away, a significant development given expectations that anger with the company’s ...more
Old-School Cargo Theft Surges in Mexico
Tractor-trailers wait in line for inspection before crossing the U.S.-Mexico border in Juarez, Mexico. (Justin Hamel/Bloomberg) Late one Friday night, a truck carrying sound equipment for legendary cumbia band Los Angeles Azules was pulled over along the Mexico-Puebla highway. Police at the checkpoint were in fact bandits, and upon seeing the pricey cargo they drew ...more
Trucking Still Squeezed by High Costs and Low Rates
“The trucking industry is facing the most challenging freight market in years, with loads down and costs increasing,” Groendyke's Hodgen said. (THEPALMER/Getty Images) The average cost of operating a truck dipped slightly last year, but marginal costs jumped when the effects of lower fuel costs were excluded, the American Transportation Research Institute said in a ...more