Putin, Xi at BRICS Summit Expected to Take Aim at US Tariffs
Russian President Vladimir Putin, Chinese President Xi Jinping and other leaders of the BRICS emerging economies are gathering in South Africa for a summit likely to feature criticism of U.S. President Donald Trump’s wave of tariffs on foreign goods.
July 24, 2018CIT Group Plans to Expand Capital Equipment Finance Team
In an effort to expand its leasing and financing solutions to all stages of the supply chain, CIT Group Inc. said July 19 it is creating a Logistics Finance unit within its existing Capital Finance Business division.
July 24, 2018Werner’s Revenue, Earnings Improve in Second Quarter
Omaha, Neb.-based Werner Enterprises announced improved earnings and revenues when it released its second-quarter financial report on July 23.
July 24, 2018Paccar Hits Record 2Q Revenue; Profits Surge
Truck maker Paccar Inc. in the second quarter rode strong performances from all sectors of its business to record quarterly revenue and a surge in net income.
July 24, 2018UNLV, German Research Company Work on Autonomous Delivery Truck
University of Nevada-Las Vegas is joining German research company Fraunhofer IVI to develop an autonomous delivery truck, the university announced.
July 24, 2018CN Rail Taps Interim Boss as CEO After Network Logjams Ease
Canadian National Railway Co. named Jean-Jacques Ruest as president and chief executive officer, four months after he took over as interim leader.
July 24, 2018Fed Beige Book Cites Trucking Woes as Drivers Prove Hard to Find
American businesses want to keep trucking along, but they’re running into a persistent roadblock: a driver shortage amid high demand for freight services.
July 24, 2018Western Star Benefiting From Business Climate, Executives Say
YOUNTVILLE, Calif. – Booming demand for new Class 8 trucks and activity on the vocational side not seen since the late 2000s is lifting demand for Western Star trucks, company executives said.
July 24, 2018Automakers’ Savings on Tax Cuts Could Be Wiped Out by Tariffs
Corporate America warned President Donald Trump that his trade war could end up erasing some of the savings reaped from the sharp cut in the corporate tax rate. The steel and aluminum tariffs could eat up anywhere from about a third to well more than half of the tax benefits in 2018, a Bloomberg analysis shows.
July 24, 2018Volvo VNL 300 Daycab Now Available With Cummins ISX12N Engine
Volvo Trucks North America announced its new Volvo VNL 300 daycab now is available with the Cummins ISX12N near-zero natural gas engine, providing an alternative fuel solution for pickup and delivery and regional-haul operations.
July 24, 2018