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Cement Maker Orders up to 1,000 Volvo Electric Trucks

Volvo Trucks has signed a letter of intent to sell up to 1,000 electric trucks to a single customer in its largest EV order to date, the manufacturer announced May 22.

May 22, 2023

Werner Appeal of $89.7 Million Verdict Denied

A Texas state court has denied an appeal by Werner Enterprises Inc. of an $89.7 million jury verdict in a case involving a 2014 fatal crash.

May 25, 2023

Biden Delays Bid to Grant EV Makers Renewable Fuel Credits

The Biden administration has dropped, for now, a plan that would have awarded automakers such as Tesla Inc. credits for using renewable natural gas to power electric vehicles.

May 19, 2023

Ohio to Renovate 17 Rest Areas

Ohio transportation officials will add truck parking when possible in a massive four-year renovation to rebuild 33 rest areas at 17 locations in project recently announced by Gov. Mike DeWine.

May 19, 2023

Federal Reserve Chair Powell Hints at Pause in Rate Hikes

WASHINGTON — Chair Jerome Powell indicated May 19 that the Federal Reserve likely will forgo an increase in its benchmark interest rate when it meets in June.

May 19, 2023

Walmart Stock Outperforms Target

Walmart shares are outshining those of Target as Wall Street anticipates the shopping behemoth’s broad array of household necessities will offer shelter from slowing economic growth.

May 19, 2023

Ford CEO Sticks to ‘Crazy High’ EV Goal

Ford Motor Co. CEO Jim Farley is sticking with a goal for the company’s money-losing electric vehicle unit to be churning out 2 million models annually in a few years.

May 19, 2023

Deere Lifts Profit Outlook

Deere & Co. raised its full-year profit forecast amid strong demand for farm equipment and the easing of supply chain woes that have dogged companies since the pandemic.

May 19, 2023

Engineers Union Reaches Sick-Time Deal With Norfolk Southern

OMAHA, Neb. — The union that represents railroad engineers finally secured its first deal for paid sick time with Norfolk Southern.

May 19, 2023

NTSB Report Says 10,000 Bridges at Risk for Corrosion

Investigators looking into the collapse of a Pittsburgh bridge want transportation officials nationwide to examine more than 10,000 other bridges with similar construction.

May 18, 2023