DETROIT — Jeep and Ram maker Stellantis will spend $406 million retooling three Michigan factories so they can build electric vehicles or battery parts.
September 11, 2024Search
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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.
BMW Recalls 1.5 Million Cars Over Braking System
NEW YORK — BMW is lowering sales and earnings targets for the 2024 fiscal year, in a move the German carmaker said was partially triggered by hefty expenses of addressing a braking system recall.
September 11, 2024Hurricane Francine Nears Louisiana as Category 2 Storm
MORGAN CITY, La. — Hurricane Francine barreled toward Louisiana on Sept. 11, strengthening to a Category 2 storm that could bring deadly storm surge to the U.S. Gulf Coast.
September 11, 2024Inflation Reaches a Three-Year Low
WASHINGTON — The post-pandemic spike in inflation eased last month as year-over-year price increases reached a three-year low, clearing the way for the Federal Reserve to cut interest rates.
September 11, 2024Maine’s Coburn Gore Border Port Set for $85M Expansion
Construction is scheduled to begin in the fall of 2026 to update the Coburn Gore land port of entry.
September 10, 2024US Oil Demand to Plateau This Year, EIA Says
U.S. oil demand growth is forecast to plateau this year, in the latest bearish indicator for the market, according to the Energy Information Administration.
September 10, 2024DOE Studying ‘Soft’ Costs to Deploy EV Charging
The U.S. Department of Energy is studying so-called soft costs of deploying EV charging infrastructure that sometimes are overlooked but can be higher than the basic buildout costs.
September 10, 2024Most Households Accept East Palestine Derailment Settlement
Very few people who live near the East Palestine, Ohio, train derailment opted out of a $600 million class action settlement.
September 10, 2024Diesel Price Sheds 7¢ to $3.555 a Gallon
The national average diesel price continued its downward trend, dropping 7 cents to $3.555 per gallon, according to U.S. Energy Information Administration data released Sept. 9.
September 9, 2024Jury Issues $462 Million Verdict Against Wabash After Crash
Wabash National Corp. said it is reviewing its legal options after a jury handed down $462 million in damages against the trailer manufacturer after a fatal crash.
September 9, 2024