Business

The U.S. economy shrank for the first time since 2020, reflecting an import surge tied to robust consumer demand. While the surprise contraction adds to political headaches for President Joe Biden, it’s unlikely to dissuade the Federal Reserve from hiking interest rates aggressively to combat inflation.

CHARLOTTE, N.C. — With the average cost of used Class 8 trucks soaring in March to more than $101,000, trucking officials attending fleet management company Corcentric’s annual conference say they fear some in the industry may be priced out of the market.

Three New Orleans women who faced up to five years in prison have been sentenced for their roles in staging accidents with heavy-duty vehicles and ordered to pay more than $5 million in restitution to motor carrier victims of the crashes.

The Federal Motor Carrier Safety Administration on April 27 issued a notice of intent to move forward with a rulemaking to require the use of speed limiters for commercial motor vehicles.

Ford Motor Co. is officially planting its flag with the launch of an all-electric version of America’s best-selling pickup truck, aiming to overtake Tesla Inc. and lead the electric vehicle market.

Wabash reported higher profits and sales during the first quarter as motor carriers and shippers rushed to purchase trailers to meet strong freight demand.

The U.S. Surface Transportation Board began two days of emergency public hearings April 26 to try to find ways to loosen the still-jammed supply chain.

House Speaker Nancy Pelosi and Senate Majority Leader Chuck Schumer met on April 27 to discuss possible legislation to reduce gas prices, according to a Democratic aide.

Old Dominion Freight Line’s revenue reached a record during the first quarter, the company announced April 27.

How long does it take to “fill up” an electric car? Well, that depends on the car … and the charger … and how many other cars are plugged into the charger … and how full the battery is to begin with … and, oh yeah, the weather matters, too.