Forecast Upped for Class 8 Registrations as Fears Ease
New registrations for Class 8 trucks are set to total 249,836 this year, according to S&P Global Mobility, a jump of 12% compared with its expectations at the start of the year.
Nikola’s Latest Bid to Secure Funds to Advance FCEV Fails
Nikola’s latest bid to issue more shares and secure the funds needed to advance its Class 8 hydrogen fuel cell truck ambitions failed, it said July 6.
Diesel Prices Drop 3.4¢ to $3.767 a Gallon
Diesel prices dropped another 3.4 cents to a national average of $3.767 per gallon, according to weekly data released by the Energy Information Administration July 3.
TuSimple Eyes US Exit, Hires Bankers
TuSimple is exploring strategic alternatives for its U.S. operations, including a sale, which would see the self-driving truck technology provider focus on Asia-Pacific activities.
Cummins' 15-Liter Natural Gas Engine in Customer Testing
Cummins has been testing its X15N engine in the U.S. for more than a month, a big step forward for its largest natural gas-powered, heavy-duty trucking powertrain in North America.
Teamsters Break Off UPS Talks, Warn Strike ‘Inevitable’
The Teamsters union gave UPS Inc. a June 30 ultimatum in labor talks after walking away from discussions June 28, warning a nationwide strike “appears inevitable.”
Fleets Can Expect Long Timelines for Facility Connections
Facility electrification timelines for heavy-duty trucking fleets are likely to be more protracted than carrier executives might expect, according to executives at power utilities.
Yellow Sues Teamsters, Alleging Breach of Contract
Yellow Corp. filed suit June 27 against the Teamsters union and certain affiliates alleging breach of contract and accusing the union of causing more than $137 million in damages.
Diesel Price Resumes Decline
Diesel prices slipped 1.4 cents a gallon after a one-week interruption to settle at a national average of $3.801, according to Energy Information Administration data released June 26.
Logistics Plus Expands European Operations
Logistics Plus Inc. has acquired Dutch peer Jan Krediet in an effort to expand its European presence, the Erie, Pa.-based logistics service provider said June 22.