Thousands of third-party sellers who ship products themselves will start paying a 2% fee on each sale in October. (Chris Ratcliffe/Bloomberg News) Amazon.com Inc. is imposing a new fee on merchants who don’t use the company’s logistics services, a change many of these sellers consider coercive and surprising since the U.S. government is poised to ...more
Lordstown Motors' Endurance pickup truck. (Matthew Hatcher/Bloomberg News) Electric vehicle maker Lordstown Motors Corp. has agreed to pay $40 million to settle a Karma Automotive lawsuit alleging that the company lifted designs and technology to develop its flagship Endurance truck. The settlement disclosed in bankruptcy court papers Aug. 15 averts an upcoming trial that threatened ...more
The Port of New York-New Jersey had a record year in 2022, handling 9.5 million containers. (Port of New York & New Jersey) It’s good to be No. 1. That’s the spot held for more than two decades by the Los Angeles and Long Beach ports, a combined international trade powerhouse that moves nearly 40% ...more
Tesla Model S. (Tesla) Tesla Inc. added new lower-range iterations of the Model S sedan and Model X sport utility vehicle to its lineup that cost $10,000 less than their previous base prices. The Standard Range Model S starts at $78,490 and offers an estimated 320 miles of range, while the Standard Range Model X ...more
Home Depot stuck to previous guidance for the year, seeing sales decline between 2% and 5%, after lowering its forecast in the last quarter. (The Home Depot) ATLANTA — Home Depot topped profit and sales expectations in its most recent quarter, but sales continued to decline as inflation and soaring interest rates play a larger ...more
A Pilot Flying J tanker carrying fuel along Interstate 25 in Loveland, Colo., Aug. 8. (David Zalubowski/Associated Press) Diesel prices climbed another 13.9 cents a gallon in the most recent week, according to data from the Energy Information Administration on Aug. 14. After a fourth straight week that saw a jump of a dime or ...more
VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. and Ford Motor Co., as traders flipped shares of the electric vehicle maker. The Vietnamese company, which went public after a SPAC deal, is worth about $65 billion as shares held onto gains Aug. ...more
Isuzu sold 889 Class 4 units in July. (John Sommers II for Transport Topics) U.S. retail sales for medium-duty trucks grew 10.9% in July compared with the year-ago period, according to data from Wards Intelligence. Total retail sales for Class 4 through Class 7 trucks increased to 19,618 units from 17,682 units, marking the fourth ...more
FedEx Express driver Roland Bolduc finds time to relax with his buddy Beans, a 15-year-old Shih Tzu. Bolduc will compete in the sleeper berth class at NTDC. (Bolduc family photo) Roland Bolduc is vibrating with excitement. He has wrapped up practices at his Roadeo Research and Development Facility, where he trained alongside colleagues while listening ...more
"I start the day off with a prayer in the truck, and I go on my way. It helps me put on a great frame of mind,” says South Carolina 3-axle winner and grand champion David Fountain. (FedEx Corp.) Ask the average precision driving competitor who took home the first-place trophy in a certain vehicle ...more
