Daimler Trucks Financial has leased Mitsubishi FUSO medium-duty electric trucks to Penske Truck Leasing and others, but no one knows what they will be worth when the leases end.
Sales of Ram pickups overtake those of Chevrolet’s Silverado during the first quarter of the year.
Heavy-duty truck orders dropped 64 percent in first quarter of 2019 compared with a record quarter a year ago, but analysts say the truck market will recover.
The American Trucking Associations has launched a multimedia campaign to pressure Congress for money to repair roads and bridges but admits the need for presidential support.
Daimler Trucks purchased a majority interest in Torc Robotics, a maker of automated vehicle systems that Daimler sees as a key to commercializing driverless trucks on U.S. roads.
German auto and truck technology and parts supplier ZF Friedrichshafen plans to acquire rival Wabco in a deal valued at $7 billion.
The freight brokerage process needs to – and will – adopt digitalized solutions.
Trucking companies looking to buy trucks or real estate or needing working capital can tap loans backed by the Small Business Administration, but limits apply.
Financial setbacks and executive changes have delayed Workhorse Group electric vans and pickup truck production as the company shifts its focus to production over innovation.
As the booming freight market cools, owner-operator truckers, who saw record average revenue last year, will have to cut costs to thrive in 2019, expert says.