Caterpillar Inc. is warning of potential impacts ahead due to a global chip shortage, putting a damper on better-than-expected earnings for the world’s biggest maker of mining and construction equipment.
April 29, 2021Business, Technology, Equipment
Caterpillar Says Chip Shortage May Hurt Equipment Deliveries
Business, Technology
Ford Posts Profit, Says Chip Shortage May Cut Production 50%
DETROIT — Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on April 28, but the company said a worsening global computer chip shortage could cut its production in half during the current quarter.
April 29, 2021Business, Technology, Equipment, Fuel
Daimler Truck, Volvo to Make Fuel Cells in Europe in Joint Venture
FRANKFURT, Germany — Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies.
April 29, 2021Business, Technology, Equipment
Wabash Posts Higher Q1 Profits, Raises Full-Year Guidance
Trailer maker Wabash National Corp. returned to first-quarter profitability compared with a year earlier and increased its full-year guidance on revenue.
April 28, 2021Business, Technology, Logistics, Top 100
New Ware2Go Service Helps E-Commerce Merchants With Warehouse Placement
The UPS-founded Ware2Go launched a free application to help e-commerce merchants with strategic fulfillment planning, the company announced April 27.
April 28, 2021Government, Business, Technology, Safety, Autonomous
Policymakers Keep Autonomous Vehicles Bill on Senate’s Radar
Two of the key drivers of autonomous vehicle policy in Congress again touted its potential safety and economic benefits during a hearing with stakeholders.
April 28, 2021Government, Business, Technology
Tesla Accused by EPA of Auto-Coating Emissions Reporting Failure
The U.S. Environmental Protection Agency accused Tesla Inc. this month of failing to prove it is complying with hazardous air-pollutant rules related to the surface coatings of its electric cars.
April 28, 2021Government, Business, Technology
Biden Releases Money in Push to Modernize US Electric Grid
The federal government said April 27 it was making more than $8 billion available to build and improve the nation’s transmission lines as part of its efforts to improve America’s aging electric grid and meet President Joe Biden’s ambitious clean-energy goals.
April 28, 2021Government, Business, Technology, Equipment, Fuel, TCA
N.Y. Bill Orders All-Electric Truck Sales by 2045
ALBANY, N.Y. — The state Senate on April 26 passed a bill that would essentially mandate that all new passenger cars sold in the state run on electric power by 2035 and trucks and other heavy duty vehicles run on electricity by 2045.
April 27, 2021Business, Technology, Equipment
Paccar Reports Surge in Q1 Net Income
Truck maker Paccar Inc. reported a surge in net income and improved revenue in the first quarter as its parts business achieved record revenue and pretax profits amid strong demand and booming e-commerce sales.
April 27, 2021