31 Jul Booming Freight Market Boosts C.H. Robinson Profits, Revenue Truckers aren’t the only ones benefiting from strong freight-hauling demand. Read more...
31 Jul US, Mexico Close to a Deal in NAFTA Car Talks, Sources Say The United States and Mexico are in the final stages of negotiating a deal on rules for cars sold under NAFTA, one of the biggest sticking points in discussions to overhaul the North American Free Trade Agreement, according to five people familiar with the talks. Read more...
31 Jul Eaton Posts 2Q Gains in Net Income, Revenue Power management company Eaton Corp. notched a double-digit gain in net income during the second quarter amid its highest quarterly rate of sales growth in nearly seven years. Read more...
31 Jul European Economic Expansion Slows Amid Trade Fears FRANKFURT, Germany — Europe’s economic upswing slowed further in the second quarter amid concerns over global trade disputes that have seen the world’s major powers impose new tariffs on each other. Read more...
31 Jul EPA Recall Affects 500,000 Trucks With Cummins Engines WASHINGTON — Indiana-based engine-maker Cummins Inc. is recalling a half-million trucks with faulty pollution controls, the Environmental Protection Agency said July 31. Read more...
31 Jul Cummins Reports Record Revenue, Earnings Per Share in 2Q Engine maker Cummins Inc. posted record revenue and earnings per share in the second quarter as demand for trucks and construction, mining and power generation equipment all improved. Read more...
31 Jul Truckers Say Port Everglades Terminal Boycott Still Possible As the Aug. 1 deadline for a potential boycott looms, disagreements persist between members of the South Florida trucking community and Port Everglades Terminal LLC. Read more...
31 Jul David Graziosi Assumes CEO Role at Allison Allison Transmission announced David Graziosi has begun serving as CEO. Read more...
31 Jul Pay Gains for US Workers Slowed in 2Q WASHINGTON — U.S. workers saw their wages and benefits grow more slowly in the second quarter, a sign that a tight labor market has yet to accelerate income gains. Read more...
31 Jul Uber Stops Work on Self-Driving Trucks, Reassigns Employees Uber Technologies Inc., a pioneer developer of autonomous trucks that helped the idea gain traction with the industry, announced it has halted its self-driving truck program. Instead, it will focus the technology on its fleet of passenger cars. Read more...