30 Aug Oculus Transport Gets C$45M Loan From Great Rock Capital Great Rock Capital, a commercial finance company specializing in middle-market lending, lent C$45 million to Oculus Transport Ltd. of Calgary, Alberta. Read more...
30 Aug BYD Selects Milea Truck as NYC Dealer BYD Motors Inc. announced Milea Truck Sales and Leasing as its fully authorized truck dealer to support the New York metropolitan area. Read more...
30 Aug Michigan Transportation Funding Debate Continues as Budget Deadline Looms Michigan lawmakers continue to deliberate transportation funding sources as the Oct. 1 budget deadline creeps closer. Read more...
30 Aug VW to Pay $100 Million, Restate Mileage in US Gas-Powered Cars Volkswagen AG will revise fuel economy labels on several gasoline-powered models and pay nearly $100 million to drivers after an investigation discovered software that could optimize efficiency during government tests but not during real-world driving. Read more...
30 Aug Schneider Lays Off 107 Workers in California Schneider National Carriers will lay off 107 employees at a Fontana, Calif., distribution terminal, the result of a failed home-delivery operation it launched three years ago. Read more...
30 Aug Port of Indiana-Burns Harbor to Invest $20 Million The Port of Indiana-Burns Harbor plans to invest nearly $20 million over the next four years in a major expansion that will boost its cargo handling capacity. Read more...
30 Aug Bridgestone Americas Shifts Senior Leadership Structure Tire maker Bridgestone Americas Inc. announced a shift in its senior leadership structure, effective Sept. 16. Read more...
30 Aug Mack Defense Partners With Truck-Lite Co. Mack Defense, a subsidiary of Mack Trucks, has partnered with Truck-Lite Co. which will provide lighting systems for its M917A3 heavy dump truck. Read more...
30 Aug US Chamber Breaks With Trump Plan to Slash Auto Mileage Rules The U.S. Chamber of Commerce called on the Trump administration and California officials to find a middle ground on automobile efficiency standards that federal agencies plan to slash, warning of “potentially dire consequences” without a workable compromise that continues to improve fuel economy. Read more...
30 Aug Consumer Sentiment Falls Most Since 2012 U.S. consumer sentiment fell the most in six years, slumping to the lowest level of Donald Trump’s presidency as Americans expressed concern about how his tariffs will affect the economy. Read more...