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BusinessTechnologyAutonomous

Waabi Unveils Adaptable Autonomous Driving System for Trucking

Self-driving truck startup Waabi has unveiled its core product, the Waabi Driver, an autonomous driving system for commercial trucks designed to learn and adapt to new routes and driving scenarios at a faster pace and lower development cost.

November 16, 2022
GovernmentFuel

Diesel Dips 2¢ to $5.313 a Gallon

The national average price of diesel dipped 2 cents to $5.313 a gallon, according to Energy Information Administration data released Nov. 14.

November 15, 2022
BusinessEquipment

Traton Reports Operating Profit Slips, Revenue Jumps

Traton Group reported operating profit fell 32% and revenue rose 32% in the nine-month period ending Sept. 30 compared with a year earlier, and noted a challenging environment remains.

November 15, 2022
GovernmentEquipmentSafety

Inspectors Place 13.3% of CMVs Out of Service During Brake Safety Week

Commercial motor vehicle inspectors in North America conducted 38,117 inspections Aug. 21-27 during Brake Safety Week, placing 13.3% of vehicles out of service for brake-related violations.

November 15, 2022
BusinessEquipment

October Average Retail Price for Used Class 8 Stays Above $83,000

The average U.S. retail price in October for a used Class 8 just cleared $83,000, 15% higher compared with a year earlier, ACT Research reported.

November 15, 2022
GovernmentBusinessEquipmentLogistics

The Battery Supply Chain Is Finally Coming to America

Redwood Materials Inc., the battery recycling company created by Tesla co-founder J.B. Straubel, said it has reached a deal to supply Panasonic with billions of dollars in critical battery components that will be produced in the U.S. for the first time.

November 15, 2022
BusinessLogisticsPrivate

Walmart’s Grocery Gains Power Sales Beat and Stock Jump

Walmart Inc. jumped Nov. 15 after the retail giant reported strong quarterly results and boosted its annual forecast, putting its shares on pace to erase this year’s losses.

November 15, 2022
GovernmentBusinessLogistics

Wholesale Inflation Eased in October for Fourth Straight Slowdown

Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels.

November 15, 2022
GovernmentBusinessFuel

Diesel Demand Destruction Starting to Look Inevitable, International Agency Says

Unprecedented diesel prices mean that demand destruction for the fuel is probable, the International Energy Agency said.

November 15, 2022
BusinessTechnologyEquipment

Daimler Reports Strong Q3 Gains Amid Constraints

Daimler Truck Holding AG reported a continued profitable growth path during the third quarter, with rocketing net income and higher revenue despite supply chain constraints and headwinds from raw material and energy prices.

November 15, 2022

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