The truck driver in a fatal crash that left five people dead was on central nervous system depressants at the time of the accident. The accident happened at 11:21 p.m. in a construction zone on Interstate 35 in Austin, Texas. Now, 37-year-old truck driver, Solomun Weldekeal Araya is facing multiple counts of intoxication manslaughter and ...more
Semi trucks are getting their GPS devices stolen in certain parts of Chicago for the last month, police say. The thefts started last month, with the most recent robbery occurring on Sunday, March 16th. The incidents occurred in the Gage Park, West Lawn, and Armour Square neighborhoods in the South and Southwest sides of Chicago, ...more
The founder of a logistics and supply company has pleaded guilty to defrauding a bank and to making false statements to the United States Department of Veterans Affairs (VA). On March 6, 2025, Spencer Askew, 46, the founder and former CEO of Georgia-based E-Freight Solutions Worldwide, LLC, pleaded guilty to charges of bank fraud and ...more
Carney Sworn In as Canada Leader as Trade Dominates Agenda
Mark Carney, Leader of the Liberal Party of Canada, speaks after being announced the winner at the Liberal Leadership Event in Ottawa on March 9. (Justin Tang/The Canadian Press via AP) Mark Carney has been sworn in as Canada’s 24th prime minister, bringing the former central banker to power in the middle of an explosive ...more
PepsiCo Is Near $1.5 Billion-Plus Deal for Soda Brand Poppi
(Eugene Gologursky/Getty Images) PepsiCo Inc. is in advanced talks to buy healthier soda brand Poppi, according to people with knowledge of the matter. The Purchase, N.Y.-based beverage giant could announce the transaction as soon as next week, said one of the people, who asked not to be identified discussing confidential information. The purchase price under ...more
Consumer Sentiment Drops, Price Expectations Soar on Tariffs
(Cebas/Getty Images) U.S. consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs. The preliminary March sentiment index dropped to 57.9, the lowest level since November 2022, from 64.7 a month earlier, according to University of Michigan ...more
CATL 2024 Profit Climbs 15% on Strong EV Battery Demand
Vehicle batteries sit on display in the welcome center at a Contemporary Amperex Technology Co. Ltd site. (Qilai Shen/Bloomberg News) Contemporary Amperex Technology Co. Ltd. posted record annual earnings for 2024, the strong financials further evidence of its commanding market position at a time some rivals are faltering. The world’s biggest maker of electric vehicle ...more
Class 8 Truck Sales Lose More Ground to Previous Year
A Freightliner Cascadia equipped with Torc's autonomous driving technology on display at Manifest 2025 in Las Vegas. (Seth Clevenger/Transport Topics) U.S. Class 8 retail sales in February tallied below the year-ago level, continuing an early trend for 2025, according to data from Wards Intelligence. Sales decreased 10.7% to 15,725 units from 17,619 during the same ...more
Steel Buyers Enter Tariff Era as Truck Freight Is Halted
A worker feeds sheet aluminum into a machine at an auto parts manufacturer in San Luis Potosi, Mexico. (Mauricio Palos/Bloomberg) An ocean freighter from India pulled into the bustling Port of Tampa Bay on March 11 loaded with hundreds of tons of aluminum destined for multiple U.S. stops. Abruptly, the entire shipment was ordered to ...more
Wabash to Quadruple Size of TaaS Fleet
New Wabash trailers at its Lafayette, Ind., factory. Wabash’s trucking-as-a-service business currently has around 1,000 trailers, but as many as 4,000 trailers may be available by the end of 2025. (Wabash) Trailer manufacturer Wabash intends to expand the size of its trucking-as-a-service fleet by as much as a factor of four by the end of ...more