Oil Trader Vitol Sues US for $52 Million Tax Refund
A subsidiary of Vitol Group, the biggest independent oil trader, is demanding that the U.S. government return more than $52 million in fuel taxes the Rotterdam-based company says was improperly collected.
December 18, 2019Perspective: Looking Forward With 5G
The technology elephant in the room for warehouse operators is 5G wireless technology; specifically, whether it’s worthwhile for the sector to convert from existing 4G systems.
December 18, 2019Daimler to Pay $20 Million Penalty Over Mercedes Recall Lapses
Daimler AG’s Mercedes Benz has agreed to pay as much as $20 million in penalties for violations of how it operated its vehicle recall program.
December 18, 2019Volvo Sells UD Trucks Unit to Isuzu for $2.3 Billion
Volvo Group agreed to sell its UD Trucks unit to Isuzu Motors Ltd. for about $2.3 billion and announced plans to forge a strategic alliance with its Japanese rival, the latest sign of consolidation in the global automotive industry.
December 18, 2019Medium-Duty Sales Skid in Typical November Fashion
U.S. sales of medium-duty trucks in November made the typical slide toward the end of the year, falling 7.4% from the 2018 period, WardsAuto .com reported.
December 18, 2019US Energy Chief Shrugs Off Permian Oil Slowdown as ‘Pause’
The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to new U.S. Energy Secretary Dan Brouillette.
December 18, 2019Fiat Chrysler, Peugeot Sign Deal for 50-50 Merger
MILAN — The boards of Fiat Chrysler Automobiles and PSA Peugeot on Dec. 18 signed a binding merger deal creating the world’s fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies.
December 18, 2019Shipping Industry Proposes Fund to Tackle Carbon Emissions
BERLIN — A global shipping industry organization is proposing a research and development program to help cut carbon dioxide emissions, funded by about $5 billion from shipping companies over a decade.
December 18, 2019Truck Makers, Suppliers Slash Jobs by the Thousands as Orders Dry Up
North America’s biggest truck makers and their suppliers are firing thousands of workers as orders dry up amid a glut of big rigs.
December 18, 2019TuSimple Reports Its Autonomous Trucks Reduce Fuel Consumption
Self-driving truck company TuSimple announced its autonomous technology reduced fuel consumption for trips by its prototype heavy-duty trucks by at least 10% compared with manually driven trucks.
December 18, 2019