17 Feb Oil Production Slumps by Record 40% as Permian Freezes Total U.S. oil production has plunged by close to 40% — the most ever — as an unprecedented cold blast freezes well operations across the central U.S., according to traders and industry executives with direct knowledge of the operations. Read more...
17 Feb Cummins Top Supplier of Class 8 Engines in 2020 Independent engine maker Cummins Inc. narrowly claimed the lead for the most Class 8 engines supplied in North America in 2020, pulling ahead by just 1,066 units over next-in-line Detroit, a brand of Daimler Trucks North America. Read more...
17 Feb Industrial Production Climbs 0.9% in January WASHINGTON — American industry expanded for the fourth consecutive month in January, but it has yet to return to the level of activity that preceded the pandemic. Read more...
17 Feb Ford to Go All Electric in Europe by 2030 FRANKFURT, Germany — Ford announced a major push into electric vehicles in Europe, vowing to convert its entire passenger car lineup on the continent to electrics by 2030. Read more...
17 Feb Lidar Startup AEye Goes Public in $2 Billion SPAC Deal AEye Inc., a startup that makes lidar systems for self-driving vehicles, is going public by merging with blank-check company CF Finance Acquisition Corp. III in a deal valued at $2 billion. Read more...
17 Feb Retail Sales Jump 5.3% Due to $600 Stimulus Checks After three months of declines, retail sales soared a seasonally adjusted 5.3% in January from the month before, the U.S. Commerce Department said Feb. 17. Read more...
17 Feb New York Sues Amazon Over Worker Safety During Pandemic New York is suing Amazon, claiming the company failed to provide workers with a safe environment at two warehouses in the state as COVID-19 infections surged nationwide. Read more...
16 Feb Experts Tackle Design Considerations for Urban Delivery Needs Despite the ongoing popularity of online shopping, there is a dearth of “design support” for urban delivery needs, according to Edward McCormack, research associate professor of civil and environmental engineering at the University of Washington. Read more...
16 Feb Diesel Climbs 7.5¢ to $2.876 a Gallon Diesel surged 7.5 cents a gallon, boosting the price of trucking's main fuel by 13.8 cents the past two weeks, according to data released by the Energy Information Administration. Read more...
16 Feb TMC Announces Changes to Meetings, Exhibition American Trucking Associations announced the Technology & Maintenance Council showcase exhibition will be an in-person event as part of TMC’s fall meeting. Read more...