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Ford Sees ‘Colossal’ Competitive Threat in Chinese EVs

Ford Motor Co. sees low-cost Chinese electric vehicles as a “colossal strategic threat†that will arrive on U.S. shores, as automakers already confront shaky consumer demand for EVs.

February 14, 2024

NHTSA Offers $350M in Crash Data System Grants to States

States have until May 1 to apply for up to $350 million in grants from NHTSA to upgrade and standardize their crash data systems to enable full electronic information sharing with the agency.

February 14, 2024

GXO Reports Profit, Revenue Increased in Fourth Quarter

GXO Logistics reported an increase in revenue and earnings year-over-year during the fourth quarter, despite the softer freight market, the company detailed Feb. 14.

February 14, 2024

Colorado Files Lawsuit to Block Kroger-Albertsons Merger

Colorado sued to block Kroger Co.’s $24.6 billion acquisition of Albertsons Cos. in court Feb. 14, becoming the second state to challenge the deal.

February 14, 2024

Portland Port Asks Oregon for $10M to Save Container Service

Facing a $14 million shortfall, the Port of Portland is asking Oregon legislators for a $10 million injection this year to avoid ending container service at Terminal 6.

February 14, 2024

Volvo Offers Early Look at Redesigned VNL

DUBLIN, Va. — Volvo Trucks North America offered media a sneak preview of its redesigned VNL Class 8 tractor during a ride-and-drive event at its customer center.

February 14, 2024

Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals

Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.

February 14, 2024

FMC: Sanctions Against Yemen Should Be Considered

Federal Maritime Commissioner Carl Bentzel says his office wants the U.S. government to investigate whether economic sanctions are warranted against Yemen.

February 14, 2024

Medium-Duty Sales Continue Positive Trend

U.S. retail sales for medium-duty trucks increased 10.5% year-over-year in January, marking three months of positive gains, according to data from Wards Intelligence.

February 14, 2024

Ex-VW Chief Sticks to Story on 2015 Diesel Testing Scandal

Former Volkswagen AG CEO Martin Winterkorn has again rejected any blame for a 2015 scandal in which the company used a so-called defeat device to undermine carbon emission testing.

February 14, 2024