WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.
November 27, 2019Government, Business, Equipment
US Economy Grew at Moderate 2.1% Annual Rate Last Quarter
Business, Equipment
Deere Shares Fall; New CEO Adopts Cautious Outlook
Deere & Co. delivered a more cautious outlook than expected for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment.
November 27, 2019Business, Equipment
Price, Sales of Used Class 8 Trucks Drop 19%
The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported.
November 26, 2019Business, Equipment
Cummins to Lay Off 2,000 Salaried Workers
Two thousand salaried Cummins employees will be laid off in the first quarter of 2020, the Columbus, Ind.-based engine manufacturer announced Nov. 25.
November 26, 2019Business, Equipment
Longtime Wabash National Chairman Martin Jischke to Retire
Wabash National Corp., the nation’s largest manufacturer of trailers and liquid transportation systems, announced Nov. 25 that board Chairman Martin Jischke is retiring after the 2020 annual stockholder’s meeting.
November 25, 2019Business, Technology, Equipment
Despite Unveiling Issues, Elon Musk Says Tesla Pickup Truck Orders Hit 200,000
Tesla Inc. Chief Executive Officer Elon Musk said orders for its Cybertruck have climbed to 200,000 even after two windows unexpectedly shattered in the big reveal Nov. 21.
November 25, 2019Business, Equipment, Logistics
SunTrust Extends $16 Million Loan to Tribe Transportation
SunTrust Banks Inc. will serve as the sole lender of a $16 million deal to support the growth of Tribe Transportation, a Native American, female-owned transportation enterprise in Gainesville, Ga.
November 25, 2019Business, Equipment, TCA
GM Announces $175 Million Diesel Truck Engine Component Plant in Ohio
The Dayton, Ohio, area will soon be home to a new General Motors plant making components for Duramax diesel truck engines.
November 22, 2019Business, Technology, Equipment, Fuel
Webasto Announces Modular Battery, Other Technologies
Webasto Group announced a new modular battery system as well as thermal management and charging technologies for the North American commercial vehicle and automotive e-mobility markets.
November 22, 2019Business, Equipment, Safety
Treatments, Tools Help Fleets Battle Corrosion, Snow Accumulation
Snow and ice, as well as the chemicals used to keep highways clear, can bring additional challenges to fleets during winter months.
November 22, 2019