Equipment

While the average gasoline-powered F-150 now sells for almost $63,000 — 25% more than five years ago — the electric version commands a premium of almost 30% over that.

Ford Motor Co. CEO Jim Farley said rival Tesla Inc. could start a price war and turn certain electric vehicle models into commodities after it cut prices again.

After nearly a year of negotiations, the International Longshore and Warehouse Union and port management’s Pacific Maritime Association have reached a tentative agreement on what the union described as certain “key issues.”

A steep, across-the-board decline in imported cargo, exports and empty containers during March dropped volumes at several major ports to levels not seen since before the COVID-19 pandemic.

The underlying issues causing empty miles and unfilled trucks persist even as a balancing supply chain has softened them, experts warned.

Volvo Group raised its forecasts for registrations as the world’s second-biggest truck maker saw orders increase 32%.

U.S. Class 8 retail sales in March jumped 21.9% from a year ago and also exceeded the prior month, Wards Intelligence reported.

If you opt to return your Amazon purchase at a UPS store, that transaction just might cost you.

DETROIT — Tesla dropped the starting prices for its two top-selling models overnight, the company’s fourth price cut in the U.S. this year.

TRENTON, N.J. — New Jersey residents looking to buy or lease an electric vehicle won’t be able to get a government rebate — at least temporarily.