24 Jul Paccar Parts Expands Distribution Network Paccar Parts announced the opening of a new 163,000-square-foot parts distribution center in Ponta Grossa, Brazil. Read more...
24 Jul Oil Trading Profits Soar for Energy Majors Who Made Storage Bets In March and April, as oil prices plunged to their lowest in a generation, Norwegian energy giant Equinor ASA was busy doing the opposite of what oil companies usually do: pumping as much crude as possible underground into giant caverns on the nation’s North Sea coast. Read more...
24 Jul Talbert Announces 55-Ton Traveling Axle Trailer Talbert Manufacturing Inc. announced its updated 5553TA traveling axle trailer with a revised design, aimed at the rental, towing and recovery operations as well as general construction segments. Read more...
24 Jul NTEA Warns of Tough Times Ahead for Commercial Equipment Manufacturers Commercial equipment manufacturers should brace for a prolonged downturn, an economist for an industry group said. Read more...
24 Jul DHS Lifts New York Trusted Traveler Ban The Department of Homeland Security announced it will lift its ban on certain Trusted Traveler Programs for New York residents. Read more...
24 Jul Senators Advance Diesel-Reduction Program A program meant to improve air quality by reducing diesel emissions was included in the annual defense authorization bill the Senate passed July 23. Read more...
24 Jul VW CEO Herbert Diess Lauds Elon Musk Over Tesla’s Earnings Volkswagen AG’s CEO again praised Tesla Inc.’s Elon Musk, this time for showing it’s possible to profit off electric cars even in the midst of a global pandemic. Read more...
24 Jul New-Home Sales in June Surge to Highest in Almost 13 Years New-home sales in the U.S. increased to an almost 13-year high in June, fueled by record-low borrowing costs and adding to evidence that residential real estate is a bright spot for the economy. Read more...
24 Jul Schlumberger Shrinks Staff to Lowest Since Pre-Shale Era Schlumberger Ltd. posted its weakest sales in 14 years and is cutting one-fifth of its workforce while warning that new waves of COVID-19 could derail the nascent recovery in global energy demand. Read more...
23 Jul DOT Releases Policy Document on Emerging Tech Engagement Transportation Secretary Elaine Chao on July 23 unveiled guidelines that technology innovators can follow to help them engage with the federal government as they develop new projects. Read more...