semiconductor shortage
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Equipment
Feverish demand and lack of supply driving used truck prices skyward
A double whammy of few new trucks and fleets wanting upgraded equipment in a booming freight market is driving prices to a post-Great Recession peak.
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Regulatory Agencies
Biden to investigate transportation supply/demand ‘mismatches’
A new supply chain task force emerges from the Biden administration’s 100-day review.
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News
Daimler Trucks is short of workers across the board, CEO says
From a shortage of truck production workers to parts depot staff, Daimler Trucks North America is trying to keep up with blistering demand.
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Equipment
Late-model used truck prices go stratospheric
Slowdowns in deliveries of new trucks are driving prices of newer used trucks up in the double digits both at dealerships and in auctions.
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News
Try again: UAW members reject tentative contract at Volvo Trucks
After calling off a 13-day strike at Volvo Trucks North America, the UAW rank and file repudiated its leadership by rejecting a new five-year contract.
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Electric Trucks
Going farther: Nikola claims superior Class 8 electric driving range
Nikola exposes battery-electric Class 8 Tre to 25 fleet customers and gets first firm order for delivery late this year.
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Company earnings
Cummins raises financial guidance on blazing trucking demand
Engine maker Cummins absorbed $105 million in freight costs to get microchips needed for engines during the trucking boom.
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Top Stories
UAW ends 13-day strike at Volvo with tentative contract agreement
The United Auto Workers took down picket lines Friday after a 13-day strike at Volvo Trucks North America.
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News
Ford, VW face more work stoppages due to chip shortage
Ford and GM say the chip shortage could cost the automakers more than $1 billion in earnings during 2021.
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Company earnings
Dana raises sales and profit estimates after strong Q1 results
Despite supply chain constraints, Tier 1 driveline supplier Dana beat analyst expectations for Q1 and raised full-year estimates.
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