Kenworth, Peterbilt Maker Cuts 175 Jobs in Quebec, Union Says
A Peterbilt truck at CES in Las Vegas in 2024. (Brendan Smialowski/AFP/Getty Images) Truck maker Paccar Inc., parent company of the Kenworth and Peterbilt nameplates, will lay off 175 employees in its Sainte-Therese, Quebec, plant over weakening demand, according to a news release sent by a local union of Unifor. ...more
Diesel Drops 2.1¢ to $3.476 in Fifth Straight Decline
Diesel's national average price per gallon has fallen each week since April 7 for a total of 16.3 cents. (Minerva ...more
April Class 8 Truck Sales Slip 8.7% as Market Slump Persists
Freightliner claimed the largest market share for the month with 6,551 trucks sold, accounting for 36.2% of all sales. (Daimler ...more
Saudi Aramco to Spend $3.4B on Motiva Refinery in Texas
President Donald Trump and Saudi Crown Prince Mohammed bin Salman speak during a meeting at the Royal Palace in Riyadh ...more
Inflation Slows, but Economists Say Tariff Impacts to Come
A customer checks his shopping receipts at a Costco Wholesale store in Glendale, Calif. Egg prices fell 12.7%. (Photo/Damian Dovarganes/AP/File) ...more
Freight Rates Set to Rise on Pacific Shipping Frenzy
The Maersk Skarstind is moored at the APM Terminals at the Port of Los Angeles. (Damian Dovarganes/AP) A China-U.S. deal ...more
GOP Wants to Phase Out Biden EV Credits to Pay for Tax Cuts
A driver unplugs an electric vehicle at a charging station in Hudson, N.Y. (Angus Mordant/Bloomberg News) House Republicans are proposing ...more
CVSA International Roadcheck Event Set for May 13-15
The results of the data collected from the event will be released this summer. (Commercial ...more
States Adopt Streamlined Medical Certification Rule Early
The program will electronically integrate Medical Examiner’s Certification information on commercial vehicle drivers to state ...more
Trump Floats ‘Substantial’ China Tariff Cuts in Trade Deal
(Qilai Shen/Bloomberg News) President Donald Trump said he plans to be “very nice” to China ...more
Norfolk Southern Profit Increases in Q1
(Norfolk Southern) Norfolk Southern’s quarterly profits were again inflated by insurance payments related to its ...more
Volvo Profit Falls in Q1 With Tariffs Clouding Outlook
(Hollie Adams/Bloomberg)) Volvo AB’s income declined in the first quarter as uncertainty around U.S. tariffs ...more
Trump Softens Tone on Tariffs, Says He Won’t Fire Powell
Trump in the Oval Office on April 22. (Alex Brandon/AP) Wall Street traders are going ...more
Tesla Profit Falls 71%, Revenue Drops 9% in Q1
The Tesla logo at the Tesla Service and Showroom center in Ottawa was spray painted ...more
States Sue Trump Over Tariffs Imposed Without Congress
(Michael Nagle/Bloomberg News) A dozen U.S. states filed a lawsuit challenging President Donald Trump’s sweeping ...more
House Eyes New Vehicle Fees to Boost Highway Trust Fund
Graves and Larsen. (Mark Schiefelbein/Associated Press) WASHINGTON — Ahead of the consideration of comprehensive surface ...more
Rivian Stockpiled EV Batteries From Asia Before Trump Tariffs
Rivian vehicles at a service center in New York. (Yuki Iwamura/Bloomberg News) Rivian Automotive quietly ...more
Schneider Reports Revenue and Earnings Growth in Q1
Schneider CEO Mark Rourke said, “We delivered results for the quarter in line with our ...more
Beef Losses Deepen as Tyson Battles Cattle Crunch
Tyson is “managing through the most challenging beef environment we’ve ever seen,” King said in ...more