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Parts supplier ZF Friedrichshafen AG announced its North American commercial vehicle control systems division, based in Auburn Hills, Mich., released the latest generation of Wabco Toolbox Plus, a PC-based advanced diagnostics software designed to expedite vehicle and trailer diagnosis.

Southwest Airlines Co. said 28% of its workforce has agreed to leave the company permanently or temporarily, boosting the carrier’s effort to preserve cash.

The Federal Motor Carrier Safety Administration will hold a virtual trucking safety summit Aug. 5 to solicit ideas and information on improving the safe operation of property-carrying commercial motor vehicles on the nation’s roadways.

Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%.

Volvo Group reported a net loss in the second quarter and lower revenue in a period scarred by the novel coronavirus pandemic.

Oil prices recently tumbled as a resurgence in coronavirus cases and impending U.S. layoffs darken the economic outlook.

Global airline passenger demand won’t recover to pre-coronavirus pandemic levels until the end of 2023, and only then if effective vaccines and medicines are available, according to Moody’s Investors Service.

The trailer industry was forced to make further production cuts and alter manufacturing processes as the coronavirus pandemic took hold.

The COVID-19 pandemic and Trump administration trade policies with China will result in at least a 15% drop in cargo this year at the Port of Los Angeles, the nation’s busiest seaport.