Commercial Vehicle Group to Close Three Midwest Facilities
Cab-related products and systems supplier Commercial Vehicle Group Inc. announced that it would close three U.S. facilities in the Midwest beginning in the third quarter of the year in connection with a cost-reduction and restructuring plan it announced in 2015.
August 4, 2016Port Tampa Bay Signs Partnership Deal with Ports America Through 2046
Port Tampa Bay renewed an agreement with Ports America to continue operating its container terminal through May 2046, according to a news release.
August 4, 2016Deutsche Post Profit Rises Fastest Since Late 2011 on Parcels
Deutsche Post AG’s quarterly profit jumped at the fastest pace in 4 1/2 years after prices increased and deliveries on behalf of internet-based retailers rose. The stock gained to an eight-month high.
August 4, 2016Jobless Claims Signal Firings Remain Historically Low
The number of Americans filing applications for unemployment benefits rose the week ended July 30 to a level that still underscores health in the labor market.
August 4, 2016North American Intermodal Freight Declines for First Time Since 2009
Intermodal freight shipments fell 6.1% in the second quarter, ending 25 consecutive year-over-year increases, hurt by fewer international and trailer shipments, the Intermodal Association of North America reported.
August 3, 2016Teamsters Announce Tentative Car-Haul Agreement
The Teamsters have announced a tentative agreement that covers unionized car-haul carriers.
August 3, 2016Class 8 Orders Drop Sharply in July
North American Class 8 orders fell to about 10,000 in July, the weakest level in nearly six years, analysts reported.
August 3, 2016FMCSA Issues Safety Advisory on Electronic Smoking Devices In, Around Commercial Motor Vehicles
On Aug. 3, the Federal Motor Carrier Safety Administration issued a safety advisory to owners and operators of commercial motor vehicles concerning incidents involving battery-powered portable electronic smoking devices.
August 3, 2016Eaton’s Vehicle Segment Sales Fall 16% in Second Quarter
Power management and commercial vehicle supplier Eaton Corp. said quarterly net income fell 8% while revenue slipped 5% compared with the 2015 period.
August 3, 2016Ritchie Bros. Acquires Petrowsky Auctioneers
Industrial auctioneer Ritchie Bros. announced that it has acquired Petrowsky Auctioneers for $7 million to enhance its market presence in New England.
August 3, 2016