Logistics News

Ahrens takes the helm at Kenworth as the truck maker and sister company Peterbilt push to increase their share of the North American heavy-duty truck market.

The Conference Board’s Measure of CEO Confidence dropped to 47 from 59 on concerns about supply chains and energy.

Asian buyers of liquefied petroleum gas were forced to scramble for more U.S. supplies after the Iran war led to the near-closure of the Strait of Hormuz.

The PCE jumped to 3.8% in April compared with a year ago, the Commerce Department said May 28, up from 3.5% in March and the highest since May 2023.

Fleet management technology provider Motive continues to extend AI capabilities across its platform to help fleet operators enhance safety and productivity.

“The X10 definitely opens up another market,” Brett Merritt, president of Cummins’ engine business, told analysts and investors during the firm’s investor day.

The price for a barrel of Brent crude, the international standard, fell 4.1% to $95.48 a barrel.

A House panel is scheduled to consider fiscal 2027 transportation funding legislation on June 3 that includes $200 million for truck parking programs nationwide.

Widespread interference with signals on the industry’s Automatic Identification System continues to cloud the picture, making independent verification of ship traffic difficult.

The report had said maritime traffic through the Strait of Hormuz could return to normal within a month of a peace deal coming into effect.