VW CEO Herbert Diess Urges Corporate Culture Change Amid Sweeping Revamp
Herbert Diess, CEO of Volkswagen AG, pledged to step up integrity and compliance efforts as part of the German manufacturer’s deepest overhaul since the diesel-emissions scandal came to light in 2015.
May 4, 2018US Payrolls Rebound to 164,000 Gain; Jobless Rate Hits 3.9%
U.S. hiring rebounded in April, and the unemployment rate dropped below 4% for the first time since 2000, while wage gains unexpectedly cooled, suggesting the labor market still has slack to absorb. Payrolls rose 164,000 after an upwardly revised 135,000 advance, Labor Department figures showed May 4.
May 4, 2018Speeders More Likely to Practice Other Unsafe Behavior
Truck driving video analysis firm SmartDrive Systems reports that drivers who speed are three times more likely than their nonspeeding peers to practice unsafe following distances, 45% more likely to be in a near collision and 2½ times more likely to be distracted while driving.
May 4, 2018Minnesota Safety Officials Look to Driverless Vehicles to Reduce Fatalities
The late snowfalls in Minnesota this year might help autonomous vehicle developers save lives.
May 3, 2018Truck Master Warranty Appoints Joe Gelfo President
Truck Master Warranty and Specialty Administration Services has promoted longtime vice president Joe Gelfo to president.
May 3, 2018Trade Gap Narrows to $49 Billion; Drop of $8.8 Billion Biggest Since 2009
The U.S. trade deficit narrowed in March by the most in two years, while last week’s unemployment filings were below estimates and productivity gains remained lukewarm in the first quarter. Here’s what you need to know from the economic reports out the morning of May 3.
May 3, 2018Meritor Reports 2Q Results in Busy Week
Parts supplier Meritor Inc. had a busy week, attending the Advanced Clean Transportation Expo in Long Beach, Calif., releasing quarterly results, buying a manufacturing company and announcing a collaboration with major truck manufacturer Peterbilt.
May 3, 2018Eaton Posts 12% Increase in 1Q Earnings
Eaton Corp. reported May 1 that first-quarter net income was $488 million, up 12% or $1.10 per share, which compares with $435 million or $0.96 per share for the first quarter of 2017, according to the Dublin-based power management company.
May 3, 2018YRC Worldwide Reports First-Quarter Loss
YRC Worldwide announced a net loss of $14.6 million in the first quarter, yet the result marked a nearly $11 million improvement when compared with the year-ago period, when it lost $25.3 million, the less-than-truckload carrier announced May 3.
May 3, 2018Higher Gas Prices Push US Consumer Comfort to Seven-Week Low
Rising prices at the gas pump helped drive U.S. household sentiment to a seven-week low at the end of April, the Bloomberg Consumer Comfort Index showed May 3.
May 3, 2018