Transportation Industry News

• Diesel Dips 2¢ to $5.313 a Gallon
  The national average price of diesel dipped 2 cents to $5.313 a gallon, according to Energy Information Administration data released Nov. 14.
• Traton Reports Operating Profit Slips, Revenue Jumps
  Traton Group reported operating profit fell 32% and revenue rose 32% in the nine-month period ending Sept. 30 compared with a year earlier, and noted a challenging environment remains.
• Inspectors Place 13.3% of CMVs Out of Service During Brake Safety Week
  Commercial motor vehicle inspectors in North America conducted 38,117 inspections Aug. 21-27 during Brake Safety Week, placing 13.3% of vehicles out of service for brake-related violations.
• Used Class 8 Prices Surprisingly Increase From September
  The average retail price for a used Class 8 in October climbed as expected year-over-year, but surprised with a very modest upturn compared with September’s price, ACT Research reported.
• The Battery Supply Chain Is Finally Coming to America
  Redwood Materials Inc., the battery recycling company created by Tesla co-founder J.B. Straubel, said it has reached a deal to supply Panasonic with billions of dollars in critical battery components that will be produced in the U.S. for the first time.
• Walmart’s Grocery Gains Power Sales Beat and Stock Jump
  Walmart Inc. jumped Nov. 15 after the retail giant reported strong quarterly results and boosted its annual forecast, putting its shares on pace to erase this year’s losses.
• Wholesale Inflation Eased in October for Fourth Straight Slowdown
  Prices at the wholesale level rose 8% in October from a year ago, the fourth straight decline and the latest sign that inflation pressures in the United States are easing from painfully high levels.
• Diesel Demand Destruction Starting to Look Inevitable, International Agency Says
  Unprecedented diesel prices mean that demand destruction for the fuel is probable, the International Energy Agency said.
• Hutcheson Cites History of Commitment to Gender Equality
  DALLAS — The head of the Federal Motor Carrier Safety Administration told a conference hosted by a women’s trucking organization that she has been striving to elevate the vital role women play in the industry throughout her career.
• Daimler Reports Strong Q3 Gains Amid Constraints
  Daimler Truck Holding AG reported a continued profitable growth path during the third quarter, with rocketing net income and higher revenue despite supply chain constraints and headwinds from raw material and energy prices.