29 Apr Celadon Group Sells Intermodal Operations to Bison Transport Celadon Group Inc. sold its North American container-on-flatcar intermodal operations to Bison Transport of Winnipeg, Manitoba, according to an April 26 press release. Read more...
29 Apr Wabco Reports Declines in 1Q Wabco Holdings Inc. reported lower first-quarter net income and revenue as truck and trailer production declined globally. Read more...
29 Apr CARB Staff White Paper: Significant Reductions in NOx ‘Technically Achievable and Cost-Effective’ for MY 2024 Heavy Trucks Research from the staff of the California Air Resources Board concludes that the regulatory agency’s call for significant reductions in nitrogen oxide emissions are “technically achievable and cost-effective” for model year 2024 heavy trucks. Read more...
29 Apr Farmer Income Drops Most Since First Quarter of 2016 Personal income for farmers fell by the most in three years in the first quarter, as losses to U.S. agriculture mount from President Donald Trump’s trade wars. Read more...
29 Apr Tesla’s Key Inventory Figure Tops $2 Billion for First Time The value of Tesla Inc.’s finished goods inventory, which includes vehicles available for sale, exceeded $2 billion for the first time as the Model 3 sedan began overseas deliveries. Read more...
29 Apr Shanghai Tesla Factory Key to CEO Elon Musk’s Ambitions Three months after groundbreaking, Tesla Inc. is rushing to complete its multibillion-dollar factory on the outskirts of Shanghai to capitalize on growing demand in the world’s largest electric car market. Read more...
29 Apr Fiat Chrysler CEO Mike Manley ‘100% Sure’ Carmaker Can Survive Tech Disruption Fiat Chrysler Automobiles NV is a “house of brands,” and that ensures it will be one of the few traditional automakers to survive the disruption the car industry is facing from the rise of electric and self-driving cars, according to CEO Mike Manley. Read more...
29 Apr Optimism High Ahead of Leaders’ Infrastructure Meeting At White House Members of Congress return to Capitol Hill to find their leaders pursuing an agenda that’s not about immigration or impeachment politics. President Donald Trump is expected to break from his Mueller report victory lap for a meeting April 30 with Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer (D) to tackle infrastructure. Read more...
29 Apr C.R. England Settles Lawsuit Over Lease-to-Own Program C.R. England Inc. has reached a settlement with a group of drivers who claim the company fraudulently recruited them to participate in a truck lease-to-own program and then saddled them with high-interest loans that made it difficult to succeed. Read more...
29 Apr Bosch, Powercell Partner to Bring Fuel Cells to Trucks, Cars Automotive supplier Bosch announced it formed an alliance with Powercell Sweden AB, the Swedish manufacturer of fuel cell stacks. Read more...