Business

Engine production issues go beyond the semiconductor chip shortage, Cummins Chief Financial Officer Mark Smith said Nov. 10 during the 51st Annual Baird Global Industrial Conference.

U.S. consumer sentiment unexpectedly collapsed in early November as Americans grew increasingly concerned about rising prices and the inflationary impact on their finances.

Daimler Truck AG, the largest global truck maker, intends to go public Dec. 10, and recently described what that would look like in terms of products and performance.

An unprecedented number of Americans quit their jobs in September, highlighting how persistent churn is undercutting employers’ efforts to fill a near-record level of vacancies.

Werner Enterprises CEO Derek Leathers during a recent event said that while his company is encouraging staff to get a COVID-19 vaccination, he noted the nature of the work in trucking — and of the workforce itself — suggests a vaccination mandate is not an ideal path.

Toyota Motor Corp. is targeting a level of output in December higher than what it’s seen in recent years, a sign that supply disruptions may be receding.

Fresh off a $12 billion initial public offering, Rivian Automotive Inc. is investing in a dizzying array of expansion projects and actively pursuing a site for a stand-alone battery factory in addition to a pair of new vehicle-assembly plants already planned.

U.S. trailer orders dropped below 17,000 in October, according to industry forecaster FTR, far below a year ago when orders reached almost 55,000.

Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021’s biggest initial public offering.