Peterbilt Unveils Model 589

By |2023-05-11T12:21:54-05:00May 10th, 2023 at 12:25 PM|Trucking News|

Model 589 by Joe Howard/Transport Topics FORT WORTH, Texas — Peterbilt Motors Co. introduced its new Model 589 truck during an event at Texas Motor Speedway that included customers, dealers and media, transitioning its classically styled heritage model onto the same wider cab platform as other trucks in its lineup while staying true to the ...more

New EV Models Drive Up North American Factory Production

By |2023-05-11T12:21:58-05:00May 10th, 2023 at 10:59 AM|Trucking News|

A VW ID.4 electric vehicle maneuvered into a storage bay inside an Autostadt delivery tower at Volkswagen's headquarters and auto plant complex in Wolfsburg, Germany. (Krisztian Bocsi/Bloomberg News) There’s one big reason EVs are getting slightly cheaper: More of them are rolling off production lines. North American factories cranked out 219,000 battery-powered cars and trucks ...more

CBP Seeks Input for Green Trade Forum

By |2023-05-11T12:22:03-05:00May 10th, 2023 at 10:36 AM|Trucking News|

(U.S. Customs and Border Protection) Public comments about how to decarbonize trade and create federal incentives for sustainable supply chains are due May 22 to the U.S. Customs and Border Protection as input to an upcoming Green Trade Innovation and Incentives Forum. The forum is part of CBP’s Green Trade Strategy, launched last June, to ...more

Rivian Reports Better-Than-Expected Loss, Affirms EV Plans

By |2023-05-11T12:22:08-05:00May 10th, 2023 at 10:26 AM|Trucking News|

Rivian R1T electric pickup trucks on the assembly line at the company's manufacturing facility in Normal, Ill. (Jamie Kelter Davis/Bloomberg News) Rivian Automotive Inc. reported a narrower-than-expected loss to start the year and reaffirmed its annual production plans as efforts to cut costs buoyed the electric vehicle maker. Shares climbed as much as 7.1% in ...more

GXO Reports Record Revenue of $2.3 Billion for Q1

By |2023-05-11T12:22:17-05:00May 10th, 2023 at 9:23 AM|Trucking News|

The first quarter showed increased outsourcing and automation, according to CEO Malcom Wilson. (GXO Logistics) GXO Logistics reported its highest-ever first-quarter revenue when its earnings report was released May 9. The Greenwich, Conn.-based contract logistics company posted net income of $26 million, or 21 cents a diluted share, for the three months ending March 31. ...more

High Consumer Prices, Inflation Pressures Persist in April

By |2023-05-12T09:00:57-05:00May 10th, 2023 at 4:57 AM|Trucking News|

A cart holding groceries is pushed through a supermarket in Bellflower, Calif. (Allison Dinner/Associated Press) WASHINGTON — Consumer prices in the United States rose again in April, and measures of underlying inflation stayed high, a sign that further declines in inflation are likely to be slow and bumpy. Prices increased 0.4% from March to April, ...more

Renewable Diesel Output Rises as Alternatives Proliferate

By |2023-05-11T12:21:45-05:00May 10th, 2023 at 4:20 AM|Trucking News|

Marathon Petroleum's refinery in Martinez, Calif., started producing renewable diesel last year. (Marathon Petroleum Corp.) U.S. renewable diesel production took a number of steps forward over the past couple of weeks as two more facilities came online and another ramped up, with refiners seeking to meet the burgeoning competition for trucking’s alternative fuel dollars. Alternatives ...more

GM’s Cruise to Expand Robotaxi Service to Dallas and Houston

By |2023-05-11T12:21:49-05:00May 10th, 2023 at 2:28 AM|Trucking News|

A Cruise vehicle in San Francisco. (David Paul Morris/Bloomberg News) Cruise, the self-driving vehicle unit majority owned by General Motors Co., plans to expand its robotaxi service to Houston and Dallas. The company will start in Houston in the next few days, followed by Dallas shortly after, Chief Executive Officer Kyle Vogt said May 10 ...more

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