SAN FRANCISCO — Elon Musk’s big bet that Tesla price cuts could boost sales and profits amid increasing competition and poor economic sentiment appears to be yielding mixed results.Â
July 20, 2023Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
June Medium-Duty Truck Sales Increase 22.7%
U.S. medium-duty truck retail sales increased 22.7% in June compared with the year-ago period, according to Wards Intelligence data.
July 19, 2023Volvo Group Q2 Profit Nudges Higher, Margin Improves
Volvo Group posted net income of $1.06 billion, or 52 cents per share, in the three months that ended June 30, compared with $1.03 billion, or 50 cents, in the year-ago period, the company said.
July 19, 2023High Cost of Hydrogen Remains a Drag on Adoption
If hydrogen fuel cell technology is going to become a desired and viable electric vehicle power source, the cost will have to come down.
July 18, 2023Schroeder Embraces Safety in Trucking Championships
FedEx Freight driver David Schroeder, Ohio's trucking champion who will be competing at nationals in his home state, embraces safety on and off the skills course.
July 18, 2023Ford Cuts Price on F-150 Lightning by Up to 17%
Ford Motor Co. is slashing prices on the electric version of its best-selling F-150 pickup by as much as 17%, reversing price hikes implemented last year on its debut battery-powered truck.
July 17, 2023Tesla Starts Cybertruck Production Two Years Behind Schedule
Almost four years after Elon Musk first unveiled Tesla Inc.’s debut pickup, the automaker has built its first Cybertruck.
July 17, 2023Increased Demand Drives Efficiency in the Cold Chain
As demand for the cold chain continues to increase, so does the desire to control costs, say refrigerated freight experts.
July 14, 2023June Class 8 Sales Rise 7.7% Year-Over-Year
U.S. Class 8 retail sales in June rose 7.7% compared with the year-ago period, but slid marginally compared with May, according to Wards Intelligence.
July 13, 2023Hyundai Translead CEO Sees Trailer Market Remaining Softer
The new leader of Hyundai Translead said that while the trailer market was softer through the first half of this year compared with year-ago levels, he sees pockets of strength heading into 2024.
July 13, 2023