Business

West Coast ports are closing out the first half of 2024 with strong trade volumes, boosted by an early peak season, solid consumer spending and threats of strikes at East and Gulf Coast ports.

Daimler Truck will take a writedown on the value of its Chinese joint venture due to a persistently weak market in Asia’s largest economy, the German truck manufacturer said July 16.

U.S. retail sales for medium-duty trucks declined year-over-year in June, according to data from Wards Intelligence.

An alternative vehicle powertrain called an EREV that’s booming in China might hold the answer to encouraging Americans to adopt electric cars and trucks.

The planned Sparrows Point terminal is expected to transform Maryland’s economy over a decade, generating more than 8,000  jobs and adding $1.54 billion a year in economic impact.

NHTSA has denied a petition from four individuals asking it to further toughen existing U.S. rear underride guard requirements to a level beyond the strict levels in place in Canada.

Startup Peak Energy received $55 million in funding to scale up production of sodium-ion batteries that the company is positioning as an alternative to lithium-ion technology.

Dozens of aging bridges in 16 states will be replaced or improved with the help of $5 billion in federal grants announced July 17 by President Joe Biden’s administration.

Regulators are delaying until 2025 a supplemental heavy-duty truck speed limiter proposed rule, an automatic emergency braking final rule and a proposed new truck driver seizure standard.

Creation of Lake Michigan’s first international container terminal serving the Chicago area is underway since CBP officials approved a Ports of Indiana-Burns Harbor plan.