Business

Battery-electric trucks are still a young, emerging segment of the commercial vehicle market, but fleet operators already can choose from a broad selection of electric vehicle options.

FORT WORTH, Texas — Peterbilt Motors Co. introduced its new Model 589 truck during an event at Texas Motor Speedway that included customers, dealers and media.

North American factories cranked out 219,000 battery-powered cars and trucks in the first three months of the year, a 39% increase over the year-earlier period.

Rivian Automotive Inc. reported a narrower-than-expected loss to start the year and reaffirmed its annual production plans as efforts to cut costs buoyed the electric vehicle maker.

Illinois plans to build a total of more than 100 new truck parking places in two rest areas on Interstate 55 and one on I-24 in a $197.5 million investment in 22 freight mobility projects.

GXO Logistics reported its highest-ever first-quarter revenue when its earnings report was released May 9.

GREENWICH, Conn. — XPO, one of the world’s largest freight transporters, is reducing its workforce as part of a cost-cutting plan.

Westport Fuel Systems Inc. shifted to the red from the black in the first three months of 2023, it said May 9.

Nikola Corp. is set to pause battery-electric truck production at its Coolidge, Ariz., facility by the end of May ahead of a pivot in its operations to hydrogen fuel cell vehicles, the company said.

U.S. Transportation Secretary Pete Buttigieg stressed that expanding access to safe truck parking is a key priority for his agency, and one that he understands ensures the safety of drivers and efficiency of supply chains.