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
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
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
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
The North American subsidiary of the world’s largest truck maker posted revenue of $6.49 billion in the three months that ended Dec. 31. (dpa/TNS) Daimler Truck North America had a steady fourth quarter of 2024 and full year, but the rest of Daimler Truck is set for a substantial reorganization and strategy revamp, with job ...more
A Nikola Tre battery-electric truck. (Andreas Gebert/Bloomberg News) Nikola CEO Steve Girsky and Chief Financial Officer Tom Okray are facing a March 17 deadline for receipt of a stalking horse bid for the bankrupt truck maker. A stalking horse bid is an initial offer for assets, meaning it sets a bar other bidders cannot undercut. ...more
Trump speaks at a campaign town hall before Election Day on Oct. 14, 2024, in Oaks, Pa., as moderator and then-South Dakota Gov. Kristi Noem listens. (Alex Brandon/Associated Press/File) President Donald Trump is set to meet with top oil executives at the White House next week as he charts plans to stoke domestic energy production, ...more
Multiple fatalities were reported during a pileup crash in Austin, Texas, late last night. The crash occurred at 11:23 p.m. on March 13 in the 12900 block of I-35 in north Austin.Police say that 17 vehicles, including a semi truck, were involved in a crash in the southbound lanes of I-35. When crews arrived on ...more
A man stole a driver’s semi truck and iPad and was eventually arrested after threatening the driver, police say. The incident started on Saturday, March 8th at approximately 6:00 p.m. in Barstow, California. According to VVNG News, the driver contacted police after Erik Quiroz stole his semi truck with an iPad inside and started FaceTime the ...more
A truck driver is facing multiple charges for allegedly dumping thousands of gallons of fuel in the Moundville, Alabama, area. Alabama-based truck driver Alphonso Terry, Jr., 58, is facing five counts of Reckless Endangerment and one count of Criminal Mischief. Additional state or federal charges could be issued.The charges were filed in connection with a ...more
