US Trade Gap Swells to Record in 2021 on Surge in Imports
The U.S. trade deficit grew in 2021 to the largest on record, reflecting a surge in the value of consumer-goods imports as the pandemic discouraged spending on services and drove more outlays for merchandise.
February 8, 2022Biden to Announce EV Charger Plant Will Be Built in Tennessee
President Joe Biden and Tritium DCFC Ltd. CEO Jane Hunter will announce Feb. 8 that the Australian electric-vehicle charging company plans to build its first U.S. manufacturing facility in Tennessee.
February 8, 2022Price of Diesel Soars 10.5¢ a Gallon to $3.951
The national average price for diesel continued its rampage in the new year, surging 10.5 cents to $3.951 a gallon, according to Energy Information Administration data released Feb. 7.
February 7, 2022Eaton Reports Increases in Net Income, Revenue
Power management company Eaton Corp. reported higher net income and modest revenue gains in the fourth quarter, noting that revenue in its vehicle segment dipped but inched up in eMobility — its two smallest segments.
February 7, 2022Navistar Likes Its Position in Fast-Changing Trucking Sector
The head of Navistar International Corp. is aiming to reclaim the market strength the company previously owned in the North American Class 8 market, and believes it has the plan and leadership to do it.
February 7, 2022Meritor Reports Higher Income, Revenue in FY Q1
Meritor Inc. reported quarterly net income nearly doubled and revenue climbed by about 11%, and cited a rising truck market in multiple regions compared with a year earlier.
February 7, 2022Kenan Advantage Group Acquires K-Limited Carrier
Kenan Advantage Group, a North Canton, Ohio-based tank truck transporter, announced Feb. 7 that it has completed its acquisition of K-Limited Carrier.
February 7, 2022Metals Prices Reach Record as Shipping Costs Surge
Surging prices of the raw materials needed for refrigerators, automobiles, window frames and plumbing show no signs of abating as America’s supply chain crisis spills into another year.
February 7, 2022GXO Unveils Custom-Sizing Packaging Machine
GXO Logistics has completed the installation of an automated packaging solution that fits boxes to their contents, the company announced Feb. 2.
February 7, 2022Mandates, E-Commerce and Congestion Complicate Truck Parking Issues
Truck parking, which affects everything from driver satisfaction to cargo security, is a top concern for the trucking industry.
February 7, 2022