June orders for North American Class 8 trucks were down 69% from last June.
Category: News
Kentucky Unveils Potential Statewide Projects
The Kentucky Transportation Cabinet’s list of projects that will be considered as candidates for state transportation funding includes improvement plans for several major freight corridors.
Ford Readies for Push in Electric Cars, Morgan Stanley Says
Ford Motor Co. is preparing to make a bigger push in electric vehicles, according to Morgan Stanley.
Quest Global Acquires Dakota Moon
Quest Global acquired Dakota Moon Enterprises LLC, a Nevada-based engineering and supply chain services provider to the aerospace industry, according to a Quest news release.
New Shipping Fuel Rules Are Starting to Rock the Oil Market
They may still be six months away, but new rules on marine fuels are already sending shock waves through the little-known world of refinery feedstocks.
Lee Iacocca, Engineer of Chrysler’s Turnaround, Dies at 94
DETROIT — Lee Iacocca, the auto executive and master pitchman who put the Mustang in Ford’s lineup in the 1960s and became a corporate folk hero when he resurrected Chrysler 20 years later, has died in Bel Air, Calif. He was 94.
Once Touted as an Economic Boon, W.Va. Intermodal Facility Faces Auction Block
Once touted as a key economic development tool for southwestern and central West Virginia, the $32 million Heartland Intermodal Gateway is likely to shut down this fall, and go on the auction block within a year, Transportation Secretary Byrd White sai…
Survey: Modest Job Gains in June Hint at Slowing Economy
WASHINGTON — U.S. companies added just 102,000 jobs in June, a possible turning point that could signal a coming increase in the unemployment rate.
French Police Raid Renault Headquarters as Part of Ghosn Probe
French police raided Renault SA’s headquarters outside Paris on July 3 to gather evidence for an investigation related to spending by former Chairman Carlos Ghosn.
US Trade Deficit Rises to Five-Month High of $55.5 Billion in May
WASHINGTON — The U.S. trade deficit rose to a five-month high in May as the politically sensitive imbalances with China and Mexico widened.The Commerce Department said July 3 that the gap between the goods and services the U.S. sells and what it buys from foreign countries rose 8.4% to $55.5 billion in May.