International Sells Springfield Plant, Sunsets CV Series: TT Daily

April 8, 2026

International Sells Springfield Plant, Sunsets CV Series

The sale came about because General Motors is axing its Chevrolet Silverado medium-duty line, which is assembled at the Springfield, Ohio, facility. Read more…

TODAY’S NEWS

BUSINESS

FedEx Freight Unit Projects 10% Profit Growth After Spinoff

FedEx has said it’s separating the freight and parcel operations to better focus on each business. Read more…

FUEL

Oil Prices Plunge Toward $90 a Barrel on US-Iran Ceasefire

The price for a barrel of benchmark U.S. crude oil plunged 17.7% to $92.92. Brent crude, the international standard, tumbled 16.1% to $91.68 per barrel. Read more…

SPONSORED CONTENT

Autel CV Diagnostics: Broad Coverage. Real Capability. Proven Value.

From a handheld triage tool in the cab to full 3-in-1 diagnostic platforms, Autel’s CV lineup is built to perform wherever technicians work. There’s no single profile for today’s heavy-duty technician. One works in a fleet maintenance facility managing dozens of Class 8 trucks. Another runs an independent shop handling everything from highway tractors to medium-duty vans. A third is an owner-operator doing his own inspections and trying to clear a trailer ABS code before the next run. Read more…

GOVERNMENT

DOT Budget Blueprint Lifts FMCSA Funding to $946 Million

Under the proposal, motor carrier safety operations and programs would be funded at $398 million, while motor carrier safety grants would total $548 million. Read more…

LOGISTICS

Strait of Hormuz Stays Blocked for Now

While shipowners and insurers lined up to welcome the ceasefire, they also warned that more details will be needed to determine if safe transit is possible. Read more…

BUSINESS

Love’s Opens New Locations in Montana and New Mexico

Love’s Travel Stops opened new locations in Laurel, Mont., and Albuquerque, N.M., the company announced April 2. Read more…

BUSINESS

Duffy Opens Door to Airline Mergers Amid Fuel Volatility

“President Trump, he loves to see big deals happen,” Transportation Secretary Sean Duffy said during an interview on CNBC April 7. Read more…

BUSINESS

Exxon Lost 6% of Its Global Output as War Upended Mideast

Exxon, which also said first-quarter earnings from its energy-products division would be lower, is among the first of the supermajors to disclose the war’s impact. Read more…

LOGISTICS

Maersk Faces Arbitration Over Panama Port Takeover

A unit of Hong Kong’s CK Hutchison said that Maersk had undermined a contract over operations of ports at either end of the Panama Canal. Read more…

TECHNOLOGY

TMC AI Summit: The Convergence of Technology and Maintenance

TMC has made understanding the role of AI a central theme of its educational programming at its 2026 Fall Meeting, scheduled for September 20-24 in Pittsburgh. Read more…

BUSINESS

Deere Agrees to Pay $99M to Settle ‘Right to Repair’ Lawsuit

The deal would settle a 2022 lawsuit that accused the company of withholding repair software and conspiring with dealers to force farmers to use their services. Read more…

EDITOR’S PICK

Top 50 Global Freight Companies Persevere Amid Trade Shift

The world’s largest transportation and logistics providers have been operating in a highly volatile business environment as tariffs and shifting trade policies have altered international freight flows. Read more…

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International Sells Springfield Plant, Sunsets CV Series: TT Daily

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