First Tesla Semi Rolls Off High-Volume Production Line: TT Daily

LOGISTICS

STG Clears Litigation Hurdle in Push to Exit Chapter 11

The company said April 27 it had reached a settlement on litigation related to STG’s 2024 liability management transaction (LMT). Read more…

EQUIPMENT

Used Truck Sales Rise 10% in March, Miss Seasonal Forecast

ACT Research reported that sales increased 10.2% to 24,900 units from 22,600 the prior year. Sales were also 9.8% above the 22,700 units in February. Read more…

GOVERNMENT

Trump Approves Major New Canada-US Oil Pipeline

The Bridger Pipeline Expansion would carry up to 550,000 barrels of oil a day from Canada through Montana and Wyoming, where it would link with another pipeline. Read more…

AUTONOMOUS

California Clears Way for Heavy-Duty Autonomous Trucks

Autonomous truck developers gained a new regulatory pathway in California as the state adopted updated rules governing self-driving vehicles. Read more…

FUEL

Oil Prices Up 9% for the Week

The price for a barrel of Brent crude, the international standard, fell 2.2% to $107.96 on May 1, trimming its gain for the week to roughly 9%. Read more…

LOGISTICS

Effects of Iran War Rattle Outlook for Ports

The largest U.S. ports said rising supply chain uncertainty is affecting the flow of goods into the country, complicating forecasting and import comparisons. Read more…

BUSINESS

First Brands Creditor Sues Auditor BDO Over Missed Red Flags

Funds managed by Black Diamond Capital Management said in an April 29 lawsuit that BDO’s audits did not comply with generally accepted auditing standards. Read more…

TECHNOLOGY

Nissan Cancels Plan to Build Electric SUVs in Mississippi

Nissan expects to build a V6 engine-powered hybrid version of its Xterra SUV at its Canton, Miss., plant. Read more…

FUEL

Exxon, Chevron Beat Profit Estimates on War-Driven Oil Rally

Exxon Mobil and Chevron exceeded profit expectations as higher oil and natural gas prices outweighed production outages from the Iran war. Read more…