Business

WASHINGTON — U.S. producer prices surged 10.8% in May from a year earlier, underscoring the ongoing threat to the economy from inflation that shows no sign of slowing.

WASHINGTON — Trucking companies should educate California regulators about potential impacts of a new regulation before it takes effect and becomes a model for the nation, according to fleet experts.

The national average price for a gallon of diesel reached a record high this week at $5.718 a gallon, according to data released by the Energy Information Administration June 13.

NEW YORK — Wall Street tumbled into what’s called a bear market June 13 after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20% below its record set early this year.

Orange EV introduced the e-Triever all-electric yard truck, its latest model that builds upon its T-Series.

Western Star announced new options available on its 49X model intended to widen coverage in heavy-haul and construction applications.

NEW YORK — Major automakers are asking Congress to lift the cap on how many people would be offered tax credits if they buy a hybrid or fully electric vehicles.

Tesla Inc. has had a “very tough quarter” as it struggles with supply chain snags, Chief Executive Officer Elon Musk warned in an internal memo, imploring workers to help get the electric vehicle maker back on track.

Companies in the transport sector, and automakers in particular, are among the most-visible pioneers of the inevitable shift to cleaner fuel. Electric cars are becoming a household concept, regardless of their prohibitive cost. That’s where large fleet operators come in.

NEW YORK — The nationwide average price for a gallon of gasoline has hit $5 for the first time ever.