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The average retail price of a used Class 8 vehicle in November bounced up 11.8% compared with the previous record just set in October and soared 67.8% higher compared with a year earlier, ACT Research reported.

The U.S. merchandise-trade deficit widened to a record in November as imports surged to an all-time high. The gap increased to $97.8 billion last month from a revised $83.2 billion in October, according to Commerce Department data released Dec. 29.

Elon Musk sold a further $1.02 billion of Tesla Inc. shares, taking him close to his target of reducing his stake in the electric car maker by 10%.

The year ahead promises to be a busy one for the equipment sector, as key trends such as used truck pricing and availability, parts sales, freight rates, truck electrification and new, more robust engine oils intermingle with challenging supply and demand conditions — including rising costs for raw materials — that are affecting orders for new trucks and trailers.

Ford Motor Co.’s surging stock has given it a market value greater than rival General Motors Co. for the first time in more than five years.

Transportation Secretary Pete Buttigieg is scheduled to deliver keynote remarks at the upcoming annual conference of the Transportation Research Board, which will be held Jan. 9-13.

Mexico plans to end crude oil exports in 2023 as part of a strategy by the nationalist government of Andres Manuel Lopez Obrador to reach self-sufficiency in the domestic fuels market.

Japan’s industrial production jumped by a record in November, adding to evidence that a manufacturing recovery from supply chain snags was solidly underway before the omicron variant started to spread around the globe.

Tesla Inc. is in a strong position heading into 2022, with catalysts including robust Chinese demand and new factory openings in the U.S. and Germany, according to Wedbush.

The national average price for a gallon of diesel continued on its downward trend as the end of the year approaches, dropping another 1.1 cents to $3.615 in the Dec. 27 weekly report provided by the Energy Information Administration.