10 Mar February Class 8 Sales Flat at 15,369 U.S. Class 8 retail sales in February were 0.6% lower compared with a year earlier, coming in at 15,369, WardsAuto .com reported. Read more...
10 Mar CVG Reports Q4 Net Loss, Higher Revenue Commercial Vehicle Group reported a narrower net loss in the fourth quarter compared with a year earlier and higher revenue, including record revenue in its electrical systems segment. Read more...
10 Mar Gasoline Increase Drives 0.4% Boost in Consumer Prices Consumer prices increased 0.4% in February, the biggest gain in six months, led by a sharp jump in gasoline prices. But core inflation, excluding food and energy, posted a much smaller 0.1% gain, easing fears about a possible sustained acceleration in inflation. Read more...
10 Mar Maersk Is Said to Weigh Sale of $1 Billion Cold Container Unit A.P. Moller-Maersk A/S is considering a sale of its refrigerated container business as demand for the cold storage units surges during the COVID-19 pandemic, according to people familiar with the matter. Read more...
10 Mar Oshkosh Acknowledged Weakness on EVs Before Win in Postal Deal Oshkosh Corp. executives cautioned investors that they lacked expertise in building electric vehicles several months before the company won a lucrative U.S. Postal Service contract to build next-generation mail-delivery vans with batteries or internal-combustion engines. Read more...
09 Mar Navistar Reports Net Loss in FY Q1, Along With Market Share Gains Navistar International Corp. reported a fiscal first-quarter net loss as well as a dip in revenue and market share gains for Classes 6-8 vehicles compared with a year earlier. Read more...
09 Mar Biden Executive Order Calls on Agencies to Prioritize 'Environmental Justice' A sweeping executive order from President Joe Biden calls for a review of all Trump-era environmental regulations with a focus on the issue of “environmental justice,” an effort to cut greenhouse gas emissions in low-income and minority communities across the United States that, in many cases, are located near where heavy trucks operate. Read more...
09 Mar IHS Expects Trucking Recovery Despite Concerns in 2021 Trucking is likely to see strong gains this year, but risks remain as the economy tries to leave the coronavirus behind, according to IHS Markit. Read more...
09 Mar White House Hasn’t Ruled Out Democrat-Only Infrastructure Plan White House Senior Adviser Cedric Richmond left open the possibility that the Biden administration could seek passage of an infrastructure plan with only Democratic votes after the president drew criticism for a $1.9 trillion virus relief package that’s poised to pass along partisan lines. Read more...
09 Mar Giant Oil Tankers Are Losing Almost $7,000 a Day Amid OPEC Cuts Times are getting tougher by the day for oil tanker owners. Read more...