The ⁠Clean Truck Partnership⁠ has taken another significant blow, as four major truck manufacturers agreed with the FTC not to comply with the deal's zero-emission goals and settled a multi-state lawsuit. These actions effectively dismantled the CTP, which sought to push truck fleets toward a zero-emission future, especially after federal action eliminated waivers for California's related clean truck rules.

The latest report from Cass Information Systems revealed that ⁠freight volumes fell faster in July⁠, marking a three-month sequential decline and the largest year-over-year drop since January. Despite the slump in volumes, freight expenditures showed a positive trend for the fourth consecutive month on a year-over-year basis, indicating complex shifts in the freight market.

⁠BMO, a prominent lender to the trucking industry⁠, is reportedly exploring the sale of its transportation finance business, with a potential sales price of around $1 billion. This unit's quarterly reports have historically provided valuable, granular data on the trucking industry's health, including insights into impaired loans and overall credit conditions.

For more in-depth analysis, be sure to tune into FreightWaves TV for WHAT THE TRUCK?!? live at noon, or catch the replay on SiriusXM channel 146. You can also sign up for upcoming events like F3 and the Cross Border Summit at ⁠live.freightwaves.com⁠, using the code MORNINGMINUTEF325 for a discount.

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