24 Jul Western Star Benefiting From Business Climate, Executives Say YOUNTVILLE, Calif. – Booming demand for new Class 8 trucks and activity on the vocational side not seen since the late 2000s is lifting demand for Western Star trucks, company executives said. Read more...
24 Jul Automakers’ Savings on Tax Cuts Could Be Wiped Out by Tariffs Corporate America warned President Donald Trump that his trade war could end up erasing some of the savings reaped from the sharp cut in the corporate tax rate. The steel and aluminum tariffs could eat up anywhere from about a third to well more than half of the tax benefits in 2018, a Bloomberg analysis shows. Read more...
24 Jul Volvo VNL 300 Daycab Now Available With Cummins ISX12N Engine Volvo Trucks North America announced its new Volvo VNL 300 daycab now is available with the Cummins ISX12N near-zero natural gas engine, providing an alternative fuel solution for pickup and delivery and regional-haul operations. Read more...
24 Jul Autonomous Firm Embark Raises $30 Million Autonomous truck developer Embark Trucks raised $30 million in a funding round led by Sequoia Capital, a Silicon Valley-based venture capital firm. Embark has raised $47 million since its 2011 founding, according to Crunchbase, a platform for finding business information on public and private companies. Read more...
23 Jul Kansas City Southern Posts Record Revenue for 2Q Kansas City Southern reported net income in the second quarter of $148.7 million, or $1.45 a share, compared with $134.7 million, or $1.27 a share, in the same period a year ago. Read more...
23 Jul Mexico Is Said to Push for NAFTA Agreement by End of August Mexico is redoubling its efforts to reach a NAFTA agreement with the U.S. and Canada by the end of August to increase certainty for investors and take the heat off incoming President Andres Manuel Lopez Obrador, according to three people familiar with the negotiations. Read more...
23 Jul Capitol Agenda for the Week of July 23: Come for the Plan, Stay for the Hope Transportation Secretary Elaine Chao says hope is not lost for an intrastructure plan. Here's a look at the week ahead for trucking on Capitol Hill. Read more...
23 Jul Trump to Seek Repeal of California’s Smog-Fighting Power The Trump administration will seek to revoke California’s authority to regulate automobile greenhouse gas emissions — including its mandate for electric car sales — in a proposed revision of Obama-era standards, according to three people familiar with the plan. Read more...
23 Jul Diesel Falls 1.9¢ to $3.220 as Mideast Jitters, Strong Dollar Seesaw Price of Oil The U.S. average retail price of diesel fell 1.9 cents to $3.220 a gallon while crude prices slipped, according to the weekly report from the U.S. Department of Energy’s Energy Information Administration. Read more...
23 Jul Rare Hedge Fund Bet Targets the World’s Biggest Shipping Firm A.P. Moller-Maersk A/S is in an unusual place this year as the world’s biggest shipping company finds itself the target of an attack by hedge funds. Read more...