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Nikola Founder Trevor Milton Sentenced to Four Years
Nikola Corp. founder Trevor Milton was ordered to spend four years behind bars for lying to shareholders about the electric truck maker’s progress.
Class 8 Sales Fall for Fourth Consecutive Month in November
Class 8 retail truck sales in November fell year-over-year for a fourth consecutive month, Wards Intelligence data showed.
October Truck Tonnage Up Month-to-Month, Down Year-to-Year
Truck tonnage on an annual basis declined for an eighth consecutive month in October but improved slightly on a month-to-month basis, according to American Trucking Associations.
Class 8 Sales Drop for Third Straight Month During October
Class 8 retail sales in October declined from the year-ago period for a third consecutive month, Wards Intelligence data showed.
Tonnage Dips 4.1% in September
Truck tonnage slumped 4.1% in September compared with year-ago levels, the steepest annual drop in nearly three years and an indication that the U.S. freight market remains turbulent.
Class 8 Sales Fall in September for Second Consecutive Month
Class 8 retail sales in September fell from the year-ago period for the second straight month, declining 3.2%, Wards Intelligence reported.
Tonnage Dips 2.3% in August
Truck tonnage in August declined 2.3% compared with year-ago levels but inched up sequentially for the second consecutive month.
August Class 8 Sales Down 1%
U.S. Class 8 retail sales in August stayed about the same from the year-ago period but increased from the prior month, Wards Intelligence reported.
UPS Workers Approve New Union Contract
The 340,000 employees of UPS Inc. represented by the International Brotherhood of Teamsters have approved a new five-year labor pact with the company.
Truck Tonnage Dips 3% Year-Over-Year in July
Truck tonnage in July declined by 3% compared with the same month in 2022, the fifth consecutive year-over-year decline and an indication that softness in the freight market persists.