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Congestion Cost Trucking a Record $94.6 Billion in 2021

Snarled traffic added $94.6 billion in costs to the trucking industry in 2021, up from $74.5 billion in 2016, according to a study by the American Transportation Research Institute.

October 25, 2023

Honda Halts Plans With GM to Develop Smaller EVs

Honda Motor Co. is shelving plans to jointly develop affordable electric vehicles with General Motors Co. due to a changing business environment, CEO Toshihiro Mibe said.

October 25, 2023

Paccar Records 60% Rise in Q3 Net Income

Paccar Inc. posted a 60% jump in third-quarter earnings as parts margins rose and truck sales increased, easily surpassing analyst expectations.

October 24, 2023

US House Panel Evaluates New Truck Excise Tax Repeal

A leading proponent of repealing a tax on the purchase of new trucks called on colleagues to endorse his effort.

October 24, 2023

About 12.6% of Vehicles Inspected Placed Out of Service

Roughly one of every eight trucks inspected for brake-related violations was placed out of service by commercial vehicle inspectors during Brake Safety Week in August.

October 24, 2023

Proper Tire Inflation Saves on Fuel, Equipment Costs

AUSTIN, Texas — A panel of trucking maintenance executives said at an MCE 2023 session that properly inflated tires save on fuel and wear, and contribute to environmental sustainability.

October 24, 2023

Strikes Trim GM Profit in an Otherwise Strong Quarter

DETROIT — A strike by auto workers against General Motors is expected to cut pretax earnings by $800 million this year, and another $200 million per week after that.

October 24, 2023

September Trailer Orders Spike With Order Book Openings

U.S. trailer orders in September notched their first year-over-year increase for 2023 as order books for next year began to open, according to ACT Research.

October 23, 2023

Mack Trucks, UAW Return to Negotiating Table

Mack Trucks and the United Auto Workers Union are set to return to the negotiating table Oct. 23, seeking to end a heightened impasse over a new five-year labor agreement.

October 23, 2023