March Medium-Duty Truck Sales Dip 0.1% Year Over Year
Sales inched down 0.1% to 19,942 units from 19,961 a year ago. (Daimler Truck) The U.S. retail market for medium-duty trucks experienced a relatively strong month in March with sales seeing a slight loss against year-ago comparisons, according to data from Wards Intelligence. Classes 4-7 retail truck sales for the ...more
Diesel Price Drops 6¢ to $3.579 a Gallon
Diesel's previous price drop was 5.3 cents a gallon on the week of March 10. (Nam Y. Huh/Associated Press) The ...more
Canada Exempts Tariffs on Automakers That Stay in Country
BrightDrop electric vans at the General Motors CAMI Assembly Plant in Ingersoll, Ontario. (Brett Gundlock/Bloomberg) The Canadian government said it ...more
Caterpillar Appoints Joe Creed as CEO Starting May 1
Caterpillar Chairman and CEO Jim Umpleby (left) will become Executive Chairman of the Board effective May 1. COO Joe Creed ...more
Global Oil Surplus to Persist in 2026, IEA Says
A Petroleos de Venezuela pump jack on Lake Maracaibo in Cabimas, Venezuela. (Gaby Oraa/Bloomberg) The International Energy Agency slashed forecasts ...more
Trump’s China Ship Fees Set to Hit Global Shipping Giants
A fully loaded Cosco containership enters the Port of Long Beach in California. (Tim Rue/Bloomberg News) Containerships, the workhorses of ...more
Lowe’s Homes In on Professional Customers in $1.3 Billion Deal
A Lowe's store in the Brooklyn borough of New York. (Yuki Iwamura/Bloomberg News) Lowe’s Cos. has agreed to buy an ...more