Construction Costs Soar on Alaska Freight Route

By |2023-08-02T09:00:35-05:00August 1st, 2023 at 10:56 AM|Trucking News|

Construction crews place a steel arch pipe for a wildlife under-crossing at milepost 56 of the Sterling Highway as part of the Cooper Landing Bypass project. (Alaska Department of Transportation & Public Facilities and Bean Creek Media) Inflation is blamed for sending project completion costs soaring 68% since 2021 to today’s $840 million to complete ...more

Ford Restarts Lightning Plant as Price Cuts Spark Demand

By |2023-08-02T09:00:43-05:00August 1st, 2023 at 10:52 AM|Trucking News|

A Ford F-150 Lightning at the Rouge Electric Vehicle Center in Michigan. (Ford Motor Co.) Ford Motor Co. restarted production of the F-150 electric Lightning pickup truck as price cuts stoke higher demand from buyers. Customers have had to wait on orders as Ford restocked vehicles after battery issues halted production at the plant this spring. It ...more

Tesla Wants to Build Texas-to-California Semi Charging Route

By |2023-08-02T08:19:53-05:00August 1st, 2023 at 10:00 AM|Trucking News|

At an energy conference in Austin in June, CEO Elon Musk said the Tesla Semi probably wouldn’t be produced in large volumes until next year. (Benjamin Fanjoy/Bloomberg) Tesla Inc. is seeking nearly $100 million from the U.S. to build nine electric semi-truck charging stations along a route from the southern border of Texas to northern ...more

BP Profits Are Cut in Half to $2.6 Billion

By |2023-08-02T08:20:01-05:00August 1st, 2023 at 9:31 AM|Trucking News|

BP said it’s increasing its quarterly dividend by 10% and plans to buy back an additional $1.5 billion in stock from shareholders. (Matthew Lloyd/Bloomberg News) LONDON — Energy giant BP said Aug. 1 that it earned nearly $2.6 billion in the second quarter, almost half what it posted in the first three months of the ...more

NHTSA Investigates Tesla Steering Control Complaints

By |2023-08-01T16:20:10-05:00August 1st, 2023 at 9:06 AM|Trucking News|

Tesla's Model Y (pictured) and Model S are part of the investigation. (Tesla) DETROIT — U.S. auto safety regulators have opened yet another investigation into safety problems with Tesla vehicles. This time the National Highway Traffic Safety Administration is looking into a dozen complaints about loss of steering control or loss of power steering in ...more

Yellow Reportedly Working on Loan From Apollo

By |2023-08-02T16:19:51-05:00August 1st, 2023 at 5:47 AM|Trucking News|

Yellow trucks at a YRC facility in Richfield, Ohio, on July 29. (Sue Ogrocki/Associated Press) Creditors led by Apollo Global Management Inc. are nearing a deal to provide Yellow Corp. with fresh cash during a coming bankruptcy, according to people with knowledge of the matter. The investing giant is finalizing a deal to lead a ...more

Daimler Truck Q2 Profit Rises on Sales Tailwind

By |2023-08-02T16:19:55-05:00August 1st, 2023 at 3:57 AM|Trucking News|

A Freightliner truck on display at an industry trade show. Freightliner is a brand of Daimler Truck North America. (John Sommers II for Transport Topics) Daimler Truck AG posted a net profit of $1.101 billion in the three months that ended June 30, compared with $1.037 billion in the year-ago period, the company said Aug. 1. ...more

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