Business

The growing world of electric truck operations offers an opportunity to increase diversity in the industry, experts addressing the Women In Trucking Association’s annual conference said.

U.S. trailer orders for October soared to 54,200, the third-best in industry history, ACT Research reported, citing trailer makers’ preliminary market estimate.

U.S. consumer sentiment unexpectedly declined in early November as an increase in COVID-19 infections and the election prompted Americans to reassess their outlooks for the economy and finances.

Volkswagen AG will reserve a bigger slice of its 150 billion euro ($177 billion) budget for investment in electric cars and software in the next five years, stepping up technology spending to navigate a tectonic industry shift even as the COVID-19 pandemic roils markets.

Diesel can play a central role for the transportation sector as it moves toward a more sustainable future, a panel of experts said.

China’s biggest refiner is eyeing a creative strategy to help rid Asia of a persistent diesel glut — brand new supertankers usually reserved for crude oil.

The U.S. Senate committee that oversees funding across the federal government unveiled a plan for fiscal 2021 that will ensure operations continue uninterrupted across agencies, including the Federal Motor Carrier Safety Administration.

Experts stressed the importance of documentation and clarity for companies that work with independent contractors during a session at the Women In Trucking Association’s annual conference.

ZF Friedrichshafen AG is looking to nearly double its 2019 revenue from its commercial vehicle segment, which now includes its $7.1 billion acquisition of Wabco Holdings Inc.

The U.S. Court of Appeals for the District of Columbia Circuit has granted the Owner-Operator Independent Drivers Association’s motion for leave to intervene in the court case about the updated federal hours-of-service regulations.