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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.

Chris Dolmetsch | Bloomberg News
December 18, 2023
Business, Equipment, Breaking News

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.

Keiron Greenhalgh | Staff Reporter
December 13, 2023
Business, Logistics, Breaking News

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.

Dan Ronan | Senior Reporter
November 21, 2023
Business, Equipment, Breaking News

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.

Connor D. Wolf | Staff Reporter
November 13, 2023
Business, Logistics, Breaking News

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.

Dan Ronan | Senior Reporter
October 24, 2023
Business, Equipment, Breaking News

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.

Connor D. Wolf | Staff Reporter
October 11, 2023
Business, Logistics, Breaking News

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.

Dan Ronan | Senior Reporter
September 19, 2023
Business, Equipment, Breaking News

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.

Connor D. Wolf | Staff Reporter
September 14, 2023
Business, Breaking News, For-Hire

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.

Dan Ronan | Senior Reporter
August 22, 2023
Business, Logistics, Breaking News

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.

Dan Ronan | Senior Reporter
August 22, 2023