Business

Thompson Truck Centers announced that Heniff Transportation Systems reached an agreement to acquire 10 Nikola Tre BEV trucks.

Mack Trucks reported its first fully electric Class 8 vehicle, the LR model, is in serial production at Mack’s Lehigh Valley Operations facility in Macungie, Pa.

A semi-truck completed an 80-mile route in Arizona with no human on board and no human intervention during the trip, using technology developed by TuSimple, the company said Dec. 29.

The average retail price of a used Class 8 vehicle in November bounced up 11.8% compared with the previous record just set in October and soared 67.8% higher compared with a year earlier, ACT Research reported.

The U.S. merchandise-trade deficit widened to a record in November as imports surged to an all-time high. The gap increased to $97.8 billion last month from a revised $83.2 billion in October, according to Commerce Department data released Dec. 29.

Elon Musk sold a further $1.02 billion of Tesla Inc. shares, taking him close to his target of reducing his stake in the electric car maker by 10%.

The year ahead promises to be a busy one for the equipment sector, as key trends such as used truck pricing and availability, parts sales, freight rates, truck electrification and new, more robust engine oils intermingle with challenging supply and demand conditions — including rising costs for raw materials — that are affecting orders for new trucks and trailers.

Ford Motor Co.’s surging stock has given it a market value greater than rival General Motors Co. for the first time in more than five years.

Transportation Secretary Pete Buttigieg is scheduled to deliver keynote remarks at the upcoming annual conference of the Transportation Research Board, which will be held Jan. 9-13.