Ryder Reveals First Two Companies in EV Fleet Program
Truck leasing and logistics company Ryder System identified its initial customers Dec. 5 for its RyderElectric+ turnkey electric vehicle fleet program.
TuSimple to Wind Down US Operations, Lay Off 150 Employees
Self-driving truck technology provider TuSimple plans to lay off about 150 employees immediately, or 75% of the company’s U.S. workforce, and begin a wind-down of U.S. operations.
Allison Transmission Workers Reject Labor Deal, Stay on Job
Some 1,500 Allison Transmission Holdings employees rejected a deal the company struck with union negotiators, but will remain on the job while talks continue, the company said Dec. 1.
XPO In Line for 28 Yellow Properties for $870 Million
Less-than-truckload carrier XPO Inc. has agreed to pay $870 million for 26 owned terminals and two leased properties that previously were operated by Yellow Corp.
Diesel Price Falls to $4.092 in Sixth Consecutive Drop
The national average diesel price fell another 5.4 cents this week to creep ever closer to the $4 mark, according to the Energy Information Administration.
Canada Cartage Acquires GTI Group
Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.
Navistar Sustainability Push Gathers Steam
Navistar’s sustainability commitments go back more than 20 years, but in 2023, it has sharpened its focus.
Canada’s Lion Electric Lays Off 10% of Workforce
Canadian medium- and heavy-duty electric truck and bus maker Lion Electric laid off 150 employees, or 10% of its workforce, it said Nov. 27.
Output at Mack Trucks Plants Back to Capacity After Strike
Output at Mack Trucks’ production facilities reached full capacity in recent days after employees returned to work following a six-week strike.
Nikola CEO Girsky’s Duties Expand as CFO Departs
Nikola Corp. CEO Steve Girsky’s workload is set to increase further Dec. 4 with the departure of the truck maker's chief financial officer.