Chevron to Buy Noble for $5 Billion in Rare Oil-Bust Deal
Chevron Corp. agreed to buy Noble Energy Inc. for about $5 billion in shares as the oil giant looks to beef up in the Permian Basin amid the wreckage of the worst crude crash.
July 20, 2020Lumileds Adds New Line of Truck Headlight Bulbs
Lumileds Holdings announced a new line of Philips MasterDuty headlight bulbs for Classes 2-8 commercial vehicles.
July 20, 2020Pennsylvania Gov. Tom Wolf Unveils 27 Multimodal Projects
Pennsylvania Gov. Tom Wolf recently announced $30.2 million in funding will be dedicated to multimodal projects that are meant to improve safety and mobility.
July 20, 2020Nikola Plummets After Warrant Call Creates Selling Pressure
Nikola Corp. shares nosedived on July 20 as some investors will now be able to buy the company’s stock at a fraction of recent prices.
July 20, 2020Fontaine Offers Lowbed Trailer With 60-Ton Capability
Fontaine Heavy-Haul unveiled Fontaine Magnitude 60LCC, a lowbed trailer intended for customers operating in regions where spread-axle configurations are not required to maximize their trailer loads.
July 20, 2020ZF Updates Diagnostics Software
Parts supplier ZF Friedrichshafen AG announced its North American commercial vehicle control systems division, based in Auburn Hills, Mich., released the latest generation of Wabco Toolbox Plus, a PC-based advanced diagnostics software designed to expedite vehicle and trailer diagnosis.
July 20, 2020Southwest Air Says 28% of Workers Applied to Take Leave or Exit
Southwest Airlines Co. said 28% of its workforce has agreed to leave the company permanently or temporarily, boosting the carrier’s effort to preserve cash.
July 20, 2020FMCSA Virtual Summit to Focus on Truck Safety
The Federal Motor Carrier Safety Administration will hold a virtual trucking safety summit Aug. 5 to solicit ideas and information on improving the safe operation of property-carrying commercial motor vehicles on the nation’s roadways.
July 20, 2020Halliburton Rises on ‘Outstanding’ Cuts After Frack Slump
Halliburton Co. impressed investors by slashing costs more than expected as the fracking behemoth works its way through an historic shale bust. The shares surged more than 8%.
July 20, 2020Volvo Reports Q2 Net Loss, Lower Revenue Amid Pandemic
Volvo Group reported a net loss in the second quarter and lower revenue in a period scarred by the novel coronavirus pandemic.
July 17, 2020