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When Will Freight Market Conditions Improve?

Stubbornly weak freight market conditions have placed financial strain on 3PLs in recent years with an oversupply of truck capacity driving down rates and squeezing brokers’ margins.

April 12, 2024

Volvo's Alm: Stakeholders Play a Role in Net-Zero Ambitions

GOTHENBURG, Sweden — Volvo Trucks CEO Roger Alm said the company’s goal of achieving 100% net-zero carbon emissions across its value chain by 2040 must benefit all parties involved.

April 9, 2024

Nikola Class 8 FCEV Truck Production Nudges Up to 43 in Q1

Nikola Corp. produced 43 and wholesaled 40 Class 8 hydrogen fuel cell electric vehicles in the first quarter of 2024, the truck maker said.

April 8, 2024

Q1 Auto Sales Grow 5.1% Despite High Interest Rates

DETROIT — New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed.

April 5, 2024

Ford to Delay Production of New Electric Pickup, Large SUV

DETROIT — Ford Motor Co. says it will delay rolling out new electric pickup trucks and a new large electric SUV as it adds gas-electric hybrids to its model lineup.

April 4, 2024

Class 8 Truck Orders End Two-Month Positive Streak in March

North American Class 8 truck orders fell year-over-year and from the previous month during March, according to ACT Research.

April 3, 2024

Plunging Pickup Truck Sales Threaten Detroit’s Profit Engine

Sales of pricey pickup trucks at Stellantis, Ford and GM faltered in the first quarter, a sign that high borrowing costs are eroding Americans’ appetite for automakers’ main profit driver.

April 3, 2024

Car Shipper Takes $10 Million Hit From Bridge Collapse

Wallenius Wilhelmsen ASA, one of the largest car shipping companies, said it expects a $5 million to $10 million hit to its earnings from the Baltimore bridge disaster.

April 3, 2024

Rivian Beats EV Production Estimates

Rivian Automotive built and delivered more electric vehicles last quarter than Wall Street expected, giving the automaker a boost as it grapples with production hurdles and heavy costs.

April 2, 2024