Secretaries Granholm, Buttigieg to Headline 2023 TRB Conference
Biden administration Cabinet secretaries Pete Buttigieg and Jennifer Granholm are headlining this year’s annual meeting of the Transportation Research Board. On Jan. 11, the secretaries of Transportation and Energy, respectively, will share updates about the implementation of a $1 trillion infrastructure law at the gathering in Washington of thousands of stakeholders and enthusiasts. Their session ...more
Used Class 8 Prices on Edge of Cliff, ACT Reports
The average retail price for a used Class 8 vehicle in November inched higher though sales declined by a few hundred units and mileage rose compared with a year earlier, ACT Research reported. The average price for a used Class 8 was just about to go negative on year-over-year values, ACT added. The average price ...more
C.H. Robinson CEO Bob Biesterfeld Steps Down
Biesterfeld (left) and Anderson (C.H. Robinson) C.H. Robinson CEO Bob Biesterfeld has stepped down from his leadership post, the company announced Jan. 3. Biesterfeld, who was named CEO in May 2019, has been with the company for 24 years. Prior to taking over as CEO, he served as the company’s chief operating officer. His departure ...more
Fresh Fragility in Global Trade Set to Be Revealed in 2023
It’s been almost two years since an Arabian sandstorm roiled the world’s supply networks by nudging a 1,300-foot-long containership into the muddy bank of the Suez Canal. The Ever Given’s weeklong grounding delivered a key warning: The global trading system isn’t as stable as we thought. Since then, a pandemic-fueled supply crunch, Russia’s war with ...more
Tesla Breaks Own Sales Record, but Misses Estimate for 2022
AUSTIN, Texas — Tesla said Jan. 2 that it sold a record 1.3 million vehicles last year, but the number fell short of CEO Elon Musk’s pledge to grow the company’s sales by 50% nearly every year. The 2022 figure topped the prior record of 936,000 vehicles delivered in 2021, but it was shy of ...more