Paccar aims to lift its North American heavy-duty truck market share to 35% after securing 30.3% in 2025. Executives said new Section 232 tariffs and added plant flexibility are boosting Kenworth and ...
First Brands is considering Chapter 7 liquidation for some units as cash shortages intensify. Mediation continues over collateral disputes and the impact of fraud allegations on the restructuring.
The rollback plans were reported earlier by the Financial Times. Aluminum and other metals fell following the report, while shares of U.S. steelmakers and aluminum producers sank.
DP World named Yuvraj Narayan as the new CEO and Essa Kazim as chairman, it said in a statement on Feb. 13. DP World has activities in 83 countries, including logistics sites in the U.S.
[Stay on top of transportation news: Get TTNews in your inbox.] Mercedes-Benz Group AG plans to sell some of its stake in Daimler Truck Holding AG to raise funds as it grapples with weakening sales ...
The official rule repeals, which have been telegraphed for months, lay the groundwork for unwinding more federal climate regulations, experts say.
Stellantis NV is still in talks with the Canadian government and union about the future of its shuttered factory in Brampton, Ontario, according to the automaker’s CEO in the country. The company ...
Aurora Innovation said Feb. 11 it will triple its driverless truck network to 10 routes after validating operations between Fort Worth and Phoenix. The company expects more than 200 driverless trucks ...
Uncertainty over the future of the deal has intensified, with the president asking aides why he should not withdraw from the agreement, according to people familiar with those discussions.
CarMax Inc. named Keith Barr as CEO, bringing in the former InterContinental Hotels Group Plc chief to modernize the company and revive performance. The used car retailer terminated former CEO William ...
Fleet operators can achieve progress toward decarbonization through intermediate steps. Diesel trucks can be powered with cleaner, renewable fuels to curb emissions in a more cost-effective way.
Kraft Heinz said Feb. 11 it's pausing its plans to split into two companies. Steve Cahillane, a former Kellogg Co. chief who became CEO of Kraft Heinz on Jan. 1, said he wants to ensure that all of ...