NACV Spotlights Innovations as Firms Brace for Downturn
ATLANTA — Truck, trailer and component manufacturers unveiled their latest innovations and outlined visions for the industry’s future here at the second edition of the North American Commercial Vehicle Show, while simultaneously preparing for an expected downturn in the equipment market next year.
October 31, 2019Ford to Close Michigan Engine Factory
Ford Motor Co. is closing a Michigan engine factory as part of the tentative agreement it reached with the United Auto Workers Oct. 30, as the automaker begins to shift from traditional internal combustion engines to battery-powered vehicles.
October 31, 2019Keystone Pipeline Shutdown Raises Costs for US Gulf Refiners
The Keystone crude pipeline was shut Oct. 30 after leaking thousands of barrels of crude in North Dakota, the third spill along the pipeline’s route in less than three years.
October 31, 2019Cummins Q3 Earnings, Revenue Follow Markets Down
Cummins Inc. posted lower net income and revenue in the third quarter as demand fell for trucks and construction equipment.
October 31, 2019Dana Posts Record Q3 Sales, Higher Net Income
Dana Inc. notched higher net income and record revenue in the third quarter, propelled by its backlog and recent acquisitions.
October 31, 2019‘Canada’ Is Becoming a Dirty Word in the Oil Patch
Canada’s beleaguered energy sector suffered another morale blow as Encana Corp. — one of its marquee companies that was born out of the 19th-century railway boom — announced plans to move its headquarters to the U.S. and drop the link to Canada from its name.
October 31, 2019Marathon Petroleum Bows to Activist Push With Spinoff, CEO Exit
Marathon Petroleum Corp. buckled under pressure from shareholders and announced the spinoff of its retail fuel-station business and the departure of its chairman and chief executive officer, just five weeks after activist investor Elliott Management Corp. went public with demands for a radical overhaul of the company.
October 31, 2019Transportation Leaders Officially Kick Off Volpe Center Construction
Transportation Secretary Elaine Chao recently celebrated the groundbreaking of a construction project for the agency’s new John A. Volpe Transportation Systems Center in Cambridge, Mass.
October 31, 2019Trump Push for Corn-Heavy Fuel Isn’t Reaching the Pump
President Donald Trump’s effort to boost corn demand by allowing year-round sales of ethanol-blended gasoline has run into a logistical problem. Few stations offer it.
October 31, 2019Volvo Group CEO Martin Lundstedt Outlines Time of Transition for Trucking
ATLANTA — Volvo Group CEO Martin Lundstedt said the commercial vehicle industry has entered a time of transition with the rise of electric-powered trucks, automated driving technology and connected vehicles.
October 31, 2019