°®¶¹´«Ã½

Driverless truck startup company Locomation has laid off most of its staff as it winds down operations, the second autonomous vehicle outfit in the Pittsburgh, Pa., area to encounter financial difficulties in four months.

Truckers driving through South Dakota using biodiesel and other alternative fuels will no longer be incorrectly taxed due to a new law enacted recently by Gov. Kristi Noem.

Ford Motor Co. is extending the shutdown of its F-150 Lightning pickup plant for a fourth week as it works to resolve a problem that caused a battery fire in one of the electric trucks.

WASHINGTON — The Federal Reserve’s preferred inflation gauge rose in January at its fastest pace since June, an alarming sign that price pressures remain entrenched in the U.S. economy.

Transportation committees on Capitol Hill are planning in-depth examinations of the circumstances surrounding the derailment this month of a freight train in Ohio.

U.S. trailer orders in January decreased 9% year-over-year to 24,300 from 26,595 a year earlier, reported ACT Research. This comes a month after net trailer orders reached their second-highest level on record at 57,300. Also, orders dropped 58% from near-record results the prior month.

Industry analysts reacted favorably to the news that TravelCenters of America is being acquired by BP Products North America, noting that each company brings elements to the table that help the proposed combination align.

Nikola Corp. posted an earnings loss amid efforts to expand the business during the fourth quarter of 2022, the company reported Feb. 23.

As negotiations resume between the International Longshore and Warehouse Union and management’s Pacific Maritime Association, concern is mounting at the West Coast ports that the slow pace of contract talks is damaging import and export shipping business.

Motor carriers experienced a financial slowdown in the final months of 2022, as trends that indicate a return to normalized levels of business for the year ahead took hold, industry analysts said.