The used truck market is changing every day, says James Rys of House of Trucks. (House of Trucks via Facebook) Used Class 8 sales in July decreased 9.3% year-over-year to 19,500 units from 21,500, ACT Research reported. The average retail sale price for a used truck fell 25.4% to $64,897 from $86,987 during the year-ago ...more
The installations are expected to be completed by 2025. (Hilton) Hilton Worldwide Holdings Inc. is partnering with Tesla Inc. to install 20,000 universal electrical vehicle chargers at 2,000 of its hotels in the U.S., Canada and Mexico. The McLean, Va.-based company said it plans to have at least six wall-mounted chargers at selected hotels that ...more
The port project is expected to create 19 jobs and generate $50,000 in private investment. (Port of Oswego Authority) Secretary of Commerce Gina Raimondo has announced a $4 million economic development grant to New York’s Port of Oswego to buy new cargo-handling equipment and improve rail infrastructure to increase U.S. exports. “The Biden-Harris administration’s Investing ...more
An autonomous truck in Stack AV’s test fleet. (Stack via Bloomberg) The founders of the former self-driving unit of Ford Motor Co. and Volkswagen AG are launching a new autonomous trucking startup with backing said to be more than $1 billion from Japan’s SoftBank Group Corp.The new firm, named Stack AV, is led by Bryan ...more
Former FAA Deputy Administrator Michael Whitaker on Capitol Hill in 2015. (Andrew Harnik/Associated Press) President Joe Biden will nominate a former Obama administration official to lead the Federal Aviation Administration after his first choice withdrew in March after running into opposition from Republican senators. The White House said Sept. 7 that Biden will nominate Michael ...more
A heavy-duty electric vehicle charging station in California. (Penske Truck Leasing) The California Air Resources Board’s controversial Advanced Clean Fleets rule requires a phased-in transition toward zero-emission medium- and heavy-duty vehicles, but concerns are growing that the state is falling behind in its ability to provide enough charging options to meet its own aggressive targets. ...more
The SoftBank Corp. logo displayed near a store in Tokyo. (Kiyoshi Ota/Bloomberg News) Kroger Co. and Albertsons Cos. are selling some of their stores in an effort to win regulatory approval for their $25 billion merger, according to people familiar with the matter. C&S Wholesale Grocers — with backing from SoftBank Group Corp. — is ...more
United Auto Workers member John Weyer walks in the Labor Day parade in Detroit. (Paul Sancya/Associated Press) DETROIT — General Motors’ first wage-and-benefit offer to the United Auto Workers on Sept. 7 falls far short of the union’s initial demands. The offer comes just a week before the UAW’s national contracts with GM, Stellantis and ...more
Senate Majority Leader Chuck Schumer (D-N.Y.) outlined a legislative schedule prioritizing the transportation funding measure along with funding bills for veterans programs and agriculture policy. (Mariam Zuhaib/Associated Press) Legislation to fund the U.S. Department of Transportation through fiscal 2024 will be considered in the Senate as early as the week of Sept. 11. Sen. Chuck ...more
