A gauge of U.S. factory activity fell in June by less than forecast as output and jobs improved though new orders stalled, highlighting the repercussions of trade uncertainty and slower growth abroad.
Category: News
Global Manufacturing Slump Puts Reality Check on Trade Truce
Global manufacturing took another knock at the end of the second quarter, signaling a worsening economic growth outlook as U.S.-China trade tensions continue to simmer.
Brookfield Buys Rail Operator Genesee for $8.4 Billion
An affiliate of Brookfield Asset Management Inc. agreed to buy railroad company Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.
Traton: Volkswagen’s truck unit opens flat in trading debut
VW could use Traton’s IPO proceeds to expand the division’s footprint in North America — the truck industry’s largest profit pool — where the carmaker holds a stake in Navistar.
What’s happening in the commodity market?
How is the world economy affecting trucking industry needs such as tires, lubricants and maintenance?
Amp Americas sells ampCNG unit to American Natural Gas
Amp Americas recently closed the $41 million sale of its 20 ampCNG fueling stations to American Natural Gas (ANG).
Amp Americas, a pioneer in the renewable transportation fuel industry, plans to continue owning and operating its Indiana biogas opera
Senators introduce bill to limit trucks to 65 mph
U.S. Sens. Johnny Isakson (R-GA), and Chris Coons (D-DE) on June 27 introduced legislation that would require all new commercial trucks with a gross weight of 26,001 pounds or more to be equipped with speed-limiting devices set to a maximum speed of
Volvo to upgrade, expand New River Valley plant
The Volvo Group said it will invest about $400 million over six years to upgrade its manufacturing plant in New River Valley, VA. The plant produces all Volvo trucks sold in North America.
“The outstanding product line currently produced at NRV has
Roadrunner CFO Terence Rogers to Step Down in August
Terence Rogers, Roadrunner Transportation Systems Inc.’s executive vice president and chief financial officer, has resigned from the company effective at the end of August.
Cummins in Agreement to Acquire Hydrogenics
Cummins Inc. has entered into an agreement to acquire fuel cell systems provider Hydrogenics Corp. for about $290 million, or $15 per share, the independent engine maker said.