Truck News

Tesla’s battery-electric Semi tractor made its European debut, bringing the OEM's challenge to established commercial vehicle manufacturers across the Atlantic.

Cummins, which has offered the X15N in North America for the past two years, showcased the natural gas-powered version of its largest truck engine at IAA Transportation.

Brent crude gained 2.3% to $108.12 a barrel. Prices for Brent and U.S. benchmark crude are up more than 50% since the Iran conflict began in late February.

Freightliner is adding workers at its Saltillo, Mexico, manufacturing plant as production ramps up across North America, Daimler Truck CEO Karin Radstrom said.

Daimler Truck and Volvo Group are partnering with technology and energy companies to build out Germany's hydrogen fueling infrastructure.

Initially seen as a steppingstone to battery-only vehicles, plug-in hybrids are more popular as drivers demand more electric power to help offset surging fuel prices. 

The meetings between the two sides are also likely to result in an agreement to lower duties on Chinese inputs for manufacturers. 

Tom McLeod said the industry is riding a rate rebound driven by the winnowing of excess hauling capacity that had contributed to a four-year rate recession.

The jump in flows comes just as oil prices are soaring again after drone strikes shut down Saudi Arabia’s East-West pipeline.

Disruptions in the Red Sea and Strait of Hormuz have benefited the container shipping industry by tying up vessel capacity and tipping the supply-demand balance in favor of shipowners.