Business

OPEC+ clinched a deal to pause its planned oil output hike for two months after prices plunged amid fragile demand.

Prior to the past two years, the in-house market share had remained steady at the 67% level throughout the survey’s history, NPTC said.

At U.S. public stations promising EV charging speeds of 100 kilowatts or higher, the average delivered charge was only 52 kW in 2022.

The used Class 8 truck market showed signs of life in July, with sales climbing nearly 17% compared to the same month last year, according to ACT Research.

Federal officials announced that Houston would receive $3.4 million for a project to study emergency response times, part of $1 billion aimed at improving street safety nationwide.

BMW AG plans to start selling hydrogen-powered vehicles in four years in a bid to establish the technology as an alternative to battery-electric cars.

Daimler Truck announced that Karin Rådström will take over as CEO on Oct. 1, replacing company veteran Martin Daum.

ChargePoint Holdings, operator of the largest electric vehicle charging network in the US, plans to cut 15% of its workforce after missing revenue forecasts.

U.S. President Joe Biden is preparing to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp., according to people familiar with the matter.

The trucking industry continued to increase overall pay for drivers in 2023 despite a freight market downturn, American Trucking Associations reported Sept. 3.