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New artificial intel­ligence capabilities promising automated, 24/7 monitoring of trucking fleets and vehicle maintenance are getting a mixed reaction from trucking leaders.

Program Aired: March 16, 2023 2 p.m. ET. Dropping freight rates and rising costs are going to put more pressure on fleets in 2023. Fleet owners need to become increasingly creative to find new ways to reduce cost to protect margins. Recent research by BeyondTrucks found that US trucking companies incur on average $9,700 per driver per year as a result of poor processes and tools. 

DETROIT — Honda is recalling a half-million vehicles, including some Accord, Odyssey and Insight models, in the U.S. and Canada because the front seat belts may not latch properly.

Tesla was sued by customers who claim they’ve had to pay exorbitant prices and endure long waits for repairs due to Tesla’s monopolization of replacement parts and maintenance services.

Purolator Inc. will make its largest investment at $1 billion to electrify its Canadian network over the next seven years, the company announced March 9.

U.S. retail sales for medium-duty trucks declined 3.4% in February compared with year-ago levels, according to data from Wards Intelligence.

Autonomous technology developer Gatik is partnering with grocery store chain Kroger for deliveries via automated medium-duty trucks in the Dallas area.

Shareholders of heavy equipment auctioneer Ritchie Bros. approved the company’s plan to acquire vehicle-seller IAA Inc., ending a battle to block the $6 billion deal.

Volkswagen AG is increasing investments in software and EVs to close the gap to Tesla and halt a decline in China just as the threat of a demand slowdown hangs over the automotive market.

U.S. Class 8 retail sales in February jumped 35% from a year ago, and notched a slight increase from the prior month, Wards Intelligence reported.