29 Apr KeepTruckin Gets $149 Million Investment From Greenoaks Capital KeepTruckin, a fleet-management company specializing in connectivity, secured $149 million in an investment led by Greenoaks Capital, with participation from existing investors IVP, GV, Index Ventures and Scale Venture Partners. Read more...
29 Apr Renault-Nissan Set to Enter Auto Elite if Alliance Can Become Merger A merger between longtime alliance partners Renault SA and Nissan Motor Co. would codify a global automotive pecking order dominated by three megaplayers, putting pressure on everyone else to bulk up or risk being left behind. They just need to find a way to agree. Read more...
29 Apr March Consumer Spending Jumps as Core Inflation Eases U.S. consumer spending rebounded in March while the Federal Reserve’s preferred underlying inflation gauge eased to a one-year low, reinforcing the central bank’s patient stance on interest rates even as the economy’s main engine holds up. Read more...
29 Apr Adoption of FA-4 Engine Oils Has Been Slow, but Early Tests May Point to Future Acceptance The American Petroleum Institute’s latest heavy-duty engine oil standards, designated CK-4 and FA-4, have been on the market for more than two years, but only CK-4 lubricants have by and large replaced the previous CJ-4 formulation. Read more...
26 Apr Used Class 8 Demand in March Remains Strong The market for used Class 8s in March continued to butt heads with a lack of inventory amid still-strong demand. Sales slipped, and prices rose. Read more...
26 Apr Federal Transportation Policymakers to Visit N.Y.-N.J. ‘Gateway’ An area along the Hudson River in New York and New Jersey will be the site of a field trip federal policymakers have scheduled for the week of April 29 to raise the profile of a tunnel project known colloquially as “Gateway.” Read more...
26 Apr Suppliers Chart Path to Electric Future Suppliers, service providers and truck makers unveiled alternative fuel-related initiatives in conjunction with the recent Advanced Clean Transportation Expo in Long Beach, Calif. Read more...
26 Apr Walmart Capable of Matching Amazon’s One-Day Pledge, Analyst Says Walmart Inc. could easily match Amazon.com’s one-day delivery gambit, according to an analyst who worked at the world’s largest retailer. Read more...
26 Apr Tesla Delays Production of Semi Truck Until 2020 SAN FRANCISCO — Chief Financial Officer Zachary Kirkhorn hinted on a quarterly earnings call that Tesla will build its new semi starting in 2020 at its factory near Reno, Nev. Read more...
26 Apr Oakland Port Truck Management Plan Nears Final Approval The Port of Oakland’s West Oakland Truck Management Plan has moved one step closer to final approval. Read more...