Equipment

Used Class 8 truck sales in May decreased 4.9% year-over-year to 19,300 units from 20,300, ACT Research reported.

UVALDE, Texas — Continental on June 20 hosted a test drive involving a Class 8 truck and sports cars to demonstrate how its tires handle various road conditions.

Threatened by possible shortages of lithium for electric car batteries, automakers are racing to lock in supplies of the mineral in a politically and environmentally fraught competition.

Uber Freight estimated that the trucking industry could be driving close to double the number of empty miles than initially estimated. The company released its findings in a report June 28.  

A survey of companies in the equipment finance sector saw overall new business volume hit $9.5 billion in May, according to the Equipment Leasing and Finance Association.

Kodiak Robotics Inc. is set to equip 800 trucks with self-driving technology for Loadsmith, a third-party Capacity-as-a-Service logistics provider, the companies said.

China’s Guangzhou Automobile Group Co. said it has developed the world’s first car engine that runs on ammonia, adding to new energy solutions that reduce carbon emissions.

Orders placed with U.S. factories for business equipment rose in May for a second month, indicating companies continue to make longer-term investments despite high borrowing costs.

The Federal Motor Carrier Safety Administration is seeking approval from the Office of Management and Budget to do a study related to truck drivers and advanced driver-assistance systems.

Companies including PepsiCo Inc. and Nike Inc. are calling for the European Union to implement stricter emissions targets for trucks, which the firms say will lower costs in the long run.