FTC Requires Marathon to Sell Stores to Avoid Antitrust
The Federal Trade Commission is requiring Marathon to sell five New York convenience stores to settle charges that its proposed acquisition of Express Mart would violate federal antitrust laws.
Marathon Closes $23 Billion Deal With Texas Refining Firm Andeavor
Marathon Petroleum Corp. officially closed a $23.3 billion deal Oct. 1 in which it acquired all the outstanding shares of Texas refining company Andeavor.
Wheeler Trucking to Add 70 Jobs After Securing GM Contract
SPRINGFIELD, Ohio — A trucking firm with a growing presence in Springfield is planning to add close to 70 new jobs after securing a contract with GM as the sole firm to haul new medium-duty trucks being produced at Navistar’s Springfield facility.
Marathon Reports $1 Billion in 2Q Earnings
Marathon executives touted earnings of more than a billion dollars in the second quarter this year and said the oil company is making progress in a proposed merger with a Texas-based refiner.
Shortage of Drivers Slows Booming Truck Demand
Demand for new commercial trucks is surging as companies look to replace aging vehicles and freight volumes have jumped in recent months.
Ohio Project Will Use Drones to Monitor Highway Traffic
A three-year, $5.9 million study in central Ohio will use drones to monitor traffic on a 35-mile highway, and provide new information used to prevent crashes between manned and unmanned aircraft.
Navistar Boosts Revenue Projections Up to $9.75 Billion After Strong Sales
Navistar raised its revenue projections for this year, in part due to strong results in the company’s truck segment, the manufacturer said March 8.
Autonomous Cars May Cut Workplace Deaths, Official Says
Transportation-related workplace injuries might be slashed over time as autonomous vehicles become more common, state leaders said at a workshop in Springfield, Ohio, on Feb. 13.
Navistar to Redesign Trucks, Begin UAW Talks in 2018
Navistar has several big ticket items planned in 2018, including a redesign of all of its trucks, a new labor contract in Springfield, Ohio and production starting on a new GM truck.
Navistar Expects Strong Year for Truck Manufacturer
Navistar executives predict 2018 will be a strong year for the Springfield, Ohio manufacturer. The company reported a profit of $30 million in 2017 — its first annual profit in six years — a result company officials called a breakthrough year for the truckmaker.