Herc Rentals is set to merge with fellow construction equipment supplier H&E Equipment Services after outbidding the largest player in the field, United Rentals, the company said Feb. 18.
February 18, 2025Search
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Justin Olsen, maintenance director at TCW, breaks down the hidden impact of poor trailer management on operations, compliance and safety.Â
Toyota Aids LG Battery Plant With $1.5 Billion Order
Toyota has agreed to shift a $1.5 billion order with LG Energy Solution to bolster operations at a Michigan battery plant after General Motors backed out of the project.
February 18, 2025Continental to Cut 3,000 Jobs to Slash Costs at Auto Unit
Continental AG is cutting around 3,000 research and development jobs at its automotive unit as the German parts maker prepares to spin off the struggling business.
February 18, 2025Honda Open to More Nissan Talks
Shares of Mitsubishi surged as much as 8.6% after a report that Honda would be willing to restart talks on a potential tie-up with ailing peer Nissan if its CEO Makoto Uchida steps down.
February 18, 2025United Rentals Drops $3.4 Billion Purchase of H&E Equipment
United Rentals abandoned its plan to acquire H&E Equipment Services, declining to increase its original offer of $3.4 billion for the rival construction equipment supplier.
February 18, 2025Trucking Must Stay a Step Ahead in Battling Digital Theft
Several trucking companies have been hit by cybersecurity breaches in the past few years. Firms large and small are falling victim to the scams. Here's what can be done about it.Â
February 17, 2025Proficient Q4 Revenue Slumps 15.9% on Weaker Margins
Proficient — the No. 4-ranked auto transporter — expects industry dynamics to improve in 2025, including through a reduction in carrier capacity due to the travails of Jack Cooper Holdings.
February 14, 2025Trump’s Latest Trade Move: Tariffs on Imported Cars
The move is the latest in a rapidly widening trade war as Trump delivers on his campaign pledges to institute sweeping tariffs on U.S. allies and rivals alike.
February 14, 2025Auto Hauler Jack Cooper Shuts Down After Losing Ford, GM
The dominoes started to topple when automaker Ford decided in January to end its relationship with Jack Cooper, bringing the curtain down on an approximately 40-year relationship.
February 14, 2025ArcelorMittal to Build $1.2 Billion Alabama EV Steel Mill
Steel giant ArcelorMittal is investing $1.2 billion to build an Alabama mill slated to produce advanced steel by 2027 for hybrid and electric vehicle motors to feed into the U.S. supply chain.
February 14, 2025