27 Jul VTNA Introduces New Premium Service Offering Volvo Trucks North America announced its Volvo Blue Contract service offering, a premium plan for new trucks. Read more...
27 Jul Rush Enterprises Rides Parts, Truck Sales to Higher Earnings Truck dealership Rush Enterprises reported decidedly higher net income and revenue for the second quarter as the nation’s economy and the company’s markets bounced back. Read more...
27 Jul Kansas Leaders Award $23 Million for Road Improvement Projects Kansas Gov. Laura Kelly announced $23 million has been awarded to support road improvement projects in 36 cities across the state. Read more...
27 Jul Minnesota Adopts CARB Standards Minnesota is the latest state — and the first in the Midwest — to adopt California’s stricter tailpipe emission standards and mandate for automakers to get more zero-emission vehicles onto sales lots. Read more...
27 Jul UPS Earns $2.7 Billion in Q2 ATLANTA — UPS had another strong quarter with shipments to homes continuing at a brisk pace, though revenue at home, its biggest market, was a little weaker than some had expected. Read more...
26 Jul Tesla Tops Forecasts, But Delays Semi Production to 2022 Tesla Inc. reported better-than-expected second-quarter earnings, buoyed by strong demand for its electric vehicles as it suggested deliveries this year may exceed its longer-term projections for 50% growth. But it is delaying production on its electric heavy-duty Semi truck until 2022. Read more...
26 Jul Diesel Sheds 0.2¢ a Gallon to $3.342 The national average price for a gallon of diesel dipped two-tenths of a cent to $3.342 a gallon, according to Energy Information Administration data released July 26. Read more...
26 Jul Lordstown May Raise Millions From Investment Fund Lordstown Motors Corp., the electric-vehicle startup struggling to find cash to move into production, reached a deal to sell as much as $400 million in stock over the next three years to an investment fund managed by Yorkville Advisors Global. Read more...
26 Jul US Senators Introduce Bill to Repeal Excise Tax on New Trucks Two U.S. senators proposed repealing the excise tax on new trucks as an effort to modernize the freight industry. Read more...
26 Jul Mobileye First to Test Self-Driving Vehicles in New York City Mobileye, an autonomous vehicle company owned by Intel, announced that it has been testing its driverless cars on New York City streets since June, making it the first and only company thus far to receive a New York AV testing permit. Read more...