June Class 8 Sales Rise 7.7% Year-Over-Year
U.S. Class 8 retail sales in June rose 7.7% compared with the year-ago period, but slid marginally compared with May, according to Wards Intelligence.
Hyundai Translead CEO Sees Trailer Market Remaining Softer
The new leader of Hyundai Translead said that while the trailer market was softer through the first half of this year compared with year-ago levels, he sees pockets of strength heading into 2024.
Yellow Gains Financial Targets Waiver
Yellow Corp. will not have to meet certain financial targets under a deal with its lenders, winning valuable breathing space as it battles the Teamsters union and the threat of bankruptcy.
Diesel Prices Jump an Average of 3.9¢ to $3.806 a Gallon
On-highway diesel prices climbed 3.9 cents to a national average of $3.806 a gallon, according to Energy Information Administration data released July 10.
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.”