Business

A new report from the Technology & Maintenance Council of American Trucking Associations said technology can help improve trailer utilization and help trailers become “full partners” with tractors in moving freight more efficiently.

Lordstown Motors Corp. slid after the Wall Street Journal reported that the troubled electric-vehicle startup is being probed by the U.S. Justice Department.

Tesla Inc. delivered 201,250 cars worldwide in the second quarter, a record for the electric-car maker led by CEO Elon Musk.

The U.S. trade gap widened in May to the second-largest on record as imports increased faster than exports.

U.S. job growth accelerated in June, with payrolls gaining the most in 10 months, suggesting firms are having greater success recruiting workers to keep pace with the broadening of economic activity.

The Fourth of July holiday weekend could see an increase in cargo thefts based on trends of past years, according to theft prevention and recovery service CargoNet.

With turnover at truckload fleets ranging from 69% to 90% and the cost to replace a single driver sitting anywhere from $8,234- $20,729, addressing driver turnover should be top of mind for most fleets. 

Navistar International Corp. announced it merged with Munich-based Traton Group in a transaction valued at $3.7 billion, finalizing a strategic alliance launched in 2017.

The less-than-truckload sector is moving through summer with strong tailwinds at its back, experts say.

Legislation that would update the country’s highway and wastewater policies was approved by the U.S. House of Representatives on July 1, an effort by congressional Democrats to advance President Joe Biden’s multitrillion-dollar infrastructure agenda.