28 Sep Kenworth Touts New W990 at Las Vegas Show Kenworth Truck Co. introduced the W990, a new long-hood conventional Class 8 tractor. Read more...
28 Sep Volvo to Sell Electric Trucks in North America in 2020 Volvo Trucks announced it would commercialize all-electric trucks in North America in 2020 after introducing them in California next year, a move made in conjunction with a partnership that includes Volvo Group, California’s South Coast Air Quality Management District and industry leaders in transportation and electrical charging infrastructure. Read more...
28 Sep Oil Industry Money Pours Into Fight Over Washington Carbon Fee A campaign bankrolled by the oil industry has raised $20.46 million to defeat a carbon-pollution fee on the ballot in Washington state aiming at tackling climate change. Read more...
28 Sep Consumer Spending Up 0.3% in August U.S. consumer spending edged up a moderate 0.3% in August, the smallest gain in six months, as sales of cars and other durable goods fell. Read more...
28 Sep Tesla Tumbles Most Since 2015 on Worry About a Musk-Free Future It is nearly impossible to imagine Tesla Inc. without Elon Musk, its chairman, CEO, largest shareholder and public face. But a U.S. Securities and Exchange Commission lawsuit has raised questions about the executive’s future at the clean-energy company, sending shares spiraling. Read more...
27 Sep Editorial: Rush for the Holiday Rush It’s beginning to look a lot like ... shippers are getting nervous. Please forgive the riff on a familiar holiday classic tune, but reports of shippers rushing to get goods to the United States in advance of more tariffs taking effect — and, thus, potentially affecting the pricing for holiday gifts — have been dominating the news. Read more...
27 Sep SEC Sues Tesla CEO Elon Musk, Accusing Him of Misleading Investors Tesla Inc. CEO Elon Musk was accused by the Securities and Exchange Commission of misleading investors when he tweeted that he had funding lined up to take the company private. Read more...
27 Sep Used Truck Prices Jump 16% in August Strong demand for used trucks continued in August as the average price of a Class 8 vehicle jumped 16% year-over-year in the midst of a historically strong freight market, ACT Research reported. Read more...
27 Sep House Passes FAA Bill; Senate Action Up Next A five-year bill that would authorize federal aviation safety and infrastructure programs set to expire passed the U.S. House on Sept. 26 by a vote of 398-23. Read more...
27 Sep Tariffs Start to Drag on US Economy as Trade Deficit Widens Fresh data on the U.S. economy show President Donald Trump’s escalating trade war is shaping up as a clear drag on growth this quarter. Read more...