Truck News

Mercedes-Benz Group CEO Ola Källenius expects the fierce pricing competition in the Chinese car market to stick around for years to come.

The parent company of Kenworth and Peterbilt has autonomous trucking partnerships with Aurora Innovation, Kodiak AI and Stack.

U.S. refiners are turning crude oil into gasoline and diesel at a pace not seen since before the pandemic, but even that is unlikely to rein in soaring prices.

Brent crude, the international standard, jumped 7.2% to $88.03 a barrel. Brent oil’s price had swung as low as $72 early this month and as high as $102 last week.

The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%.

"That’s the engagement we’ve had with many, many customers that that’s their preferred approach," CEO Preston Feight said.

The Treasury Department announced new penalties on Persian Gulf Marine Insurance and HormuzSafe Marine Services Authority, which it said force commercial vessels to purchase mandatory maritime “insurance” to transit Hormuz. 

The conflict looks set to drag on, possibly for months, with the sides unable to achieve a lasting ceasefire deal, according to officials from the U.S., Iran and Europe.

The legislation would direct FMCSA to study chameleon carriers and plan, develop and test an automation tool to detect chameleon carrier applications.

In a matter of months, Walmart has become a major player in the burgeoning business of quickly fueling electric vehicles, speeding past Costco with its in-house network of electron pumps.