Business

Utility Trailer Manufacturing Co. unveiled plans Sept. 11 for a joint venture with Germany’s Schmitz Cargobull Corp. that will be known as Cargobull North America.

LONG BEACH, Calif. — Shippers and transportation companies hope that the fall peak season pushes the industry out of the freight recession, an IANA Intermodal Expo panelist said Sept. 12.

The diesel market is pricing in a crisis, one that soon could get even worse because of a lack of the type of crude that’s good for making the fuel.

Production of trailers in the United States is set to decline for five consecutive quarters before increasing in the final three months of 2024, according to one expert.

DETROIT — Leaders of the United Auto Workers union are considering targeted strikes at a small number of factories if they can’t reach contract agreements by a Thursday night deadline.

OMAHA, Neb. — Union Pacific’s new CEO, Jim Vena, says he won’t shy away from cuts, but no one should expect the kind of sweeping changes he made when he first oversaw operations a few years ago.

SAVANNAH, Ga. — State and local governments are on track to give $2.1 billion in tax breaks to Hyundai Motor Group after it said it will invest an additional $2 billion to build an EV complex.

BP Plc CEO Bernard Looney has resigned over the failure to fully disclose past relationships with colleagues.

The operator of the Panama Canal said there’s no immediate prospect of relief from the drought that’s reduced water levels and snarled shipping and global supply chains.

Progress Rail has accused Wabtec Corp. of violating antitrust laws and contractual agreements after acquiring GE Transportation in 2019.