Heavy-duty commercial truck and trailer component manufacturer ConMet bought TruckLabs, whose products include the tractor-mounted TruckWings aerodynamic device, it said.
Category: News
Two Sentenced to Prison in Staged Accident Schemes
Two people in separate allegations of participation in staged accidents with tractor-trailers in the New Orleans area have been sentenced to prison and ordered to pay significant restitution.
Diesel Price Drops 7.2¢ a Gallon to Reach $4.294
The average diesel price posted its third straight substantial decline, falling 7.2 cents to hit $4.294 a gallon, according to Energy Information Administration data released Nov. 13.
Class 8 Sales Drop for Third Straight Month During October
Class 8 retail sales in October declined from the year-ago period for a third consecutive month, Wards Intelligence data showed.
$50 Million Federal Grant Will Help Modernize Delaware Port
Delaware officials announced a $50 million federal grant to help pay for a container terminal expansion project to enable the century-old Port of Wilmington to handle larger vessels.
Tesla Facing Strikes in Sweden Over Collective Bargaining
Pressure is growing on Tesla in Sweden, where a trade union is demanding that the Texas-based automaker sign a collective bargaining agreement, which most employees in the country have.
Volvo Buys Bankrupt Proterra’s Battery Business
Volvo Group will acquire the battery business of Proterra Inc. and Proterra Operating Co., the businesses said separately.
Pepsi On Its Way to Surpassing Coca-Cola’s Value
PepsiCo Inc. is on course to take over as the biggest U.S. beverage company by market value, supplanting rival Coca-Cola Co., according to Wall Street analysts.
Georgia Diesel, Gas Tax Suspension Extended through Nov. 29
Diesel and gasoline prices in Georgia continue to be free of state excise taxes through Nov. 29 after Gov. Brian Kemp re-extended for the second time a state of emergency executive order.
Mergers and Acquisitions Market Begins to Accelerate
After a drop in merger and acquisition activity, analysts believe the market has turned a corner. Driven by uncertain economic conditions earlier this year, M&A has now started a rebound.