Equipment

Truck engine maker Cummins Inc. said late Tuesday that Chairman and CEO Tim Solso will retire at the end of the year.

Diesel engine maker Cummins Inc. said Tuesday it will boost its dividend to 40 cents per share, from 26.25 cents per share, effective Sept. 1.

Orders for new trailers in May increased 30% from a year ago but slipped from an April peak, although manufacturers said the market remained strong, with total orders through May 77% ahead of 2010 and with a growing backlog of deliveries.

Michelin North America said Thursday that its chairman, Richard Wilkerson, will retire by year’s end. He will be succeeded by Pete Selleck.

Truck component maker Accuride Corp. said it has acquired Camden, S.C.-based wheel maker Forgitron Technologies.

The recent rise in diesel prices has given trucking companies a greater incentive to search for ways to cut fuel costs, according to carrier and tire manufacturer executives.

Manufacturing activity in the Philadelphia region slowed dramatically in June, the Federal Reserve Bank of Philadelphia said Thursday.

Yokohama Tire announced it will implement a price increase of an average of 8% on all of its light and medium commercial truck tires sold in the United States on July 1.

Goodyear Commercial Tire Systems introduced a new drive tire that it said reduces rolling resistance by nearly 10% compared with its predecessor, leading to better fuel mileage.

Truck engine maker Cummins said Friday it plans to add 600 white-collar workers in a new office building at its headquarters city of Columbus, Ind.