U.S. retail sales of medium-duty trucks started off the year with a slight uptick compared with January 2024, according to data from Wards Intelligence.
February 19, 2025Business, Equipment
January Medium-Duty Sales Jump 5.2% Year Over Year
Government, Business, Equipment, Logistics
Jaxport Finishes Roll-On/Roll-Off Cargo Berth to Add Capacity
The Jacksonville Port Authority has completed half of a $60 million project to increase capacity for vehicle shipments after finishing a project at Blount Island Marine Terminal.
February 19, 2025Government, Business, Technology, Equipment
Japan Broaches Car Tariffs With US as Trump Threatens Hikes
Japan has raised the issue of auto tariffs with the U.S. after President Donald Trump threatened to impose a 25% levy on car imports, a move that would deliver a big blow to Japan’s economy.
February 19, 2025Business, Technology, Equipment, Fuel
Nikola Declares Bankruptcy, Will Sell Off Assets
The company said it plans to pursue an auction and sale process under Section 363 of the U.S. Bankruptcy Code. A stalking horse bidder will be sought.
February 19, 2025Government, Business, Technology, Equipment, Safety, Logistics
Trump Signals 25% Tariffs on Auto, Tech, Drug Imports
President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical imports of around 25%, with an announcement coming as soon as April 2.
February 18, 2025Business, Equipment
Ford Slashes Middle Manager Stock Awards to Trim Costs
Ford Motor Co. is eliminating stock award bonuses for about half of its middle managers in an effort to boost performance as the automaker confronts declining profit and high costs.
February 18, 2025Business, Equipment, Private
Herc Rentals Outbids United in $3.9B Merger with H&E
Herc Rentals is set to merge with fellow construction equipment supplier H&E Equipment Services after outbidding the largest player in the field, United Rentals, the company said Feb. 18.
February 18, 2025Business, Technology, Equipment
Toyota Aids LG Battery Plant With $1.5 Billion Order
Toyota has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors backed out of the project.
February 18, 2025Business, Equipment
Continental to Cut 3,000 Jobs to Slash Costs at Auto Unit
Continental AG is cutting around 3,000 research and development jobs at its automotive unit as the German parts maker prepares to spin off the struggling business.
February 18, 2025Business, Equipment
Honda Open to More Nissan Talks
Shares of Mitsubishi surged as much as 8.6% after a report that Honda would be willing to restart talks on a potential tie-up with ailing peer Nissan if its CEO Makoto Uchida steps down.
February 18, 2025