16 Aug Kriete Truck Centers Invests $6 Million in Expansion Mack Trucks announced dealer Kriete Truck Centers invested $6 million in a new building at its Racine, Wis., location, doubling the amount of service bays at the facility. Read more...
16 Aug Fed Survey Finds Tariffs Pushing Up Prices, Pinching Profits A new survey by the Federal Reserve Bank of New York found a growing conviction among businesses that President Donald Trump’s tariffs were hitting their bottom line. Read more...
16 Aug Economic Concerns Send US Consumer Mood to Seven-Month Low U.S. consumer sentiment plummeted to a seven-month low in August on growing concerns about the economy even as the labor market shows few signs of weakening from robust levels. Read more...
16 Aug Lyft Shares Rise Ahead of Insiders’ First Chance to Sell Stock Some early investors in Lyft Inc., one of the most anticipated yet disappointing IPOs of the year, will get their first opportunity to sell shares Aug. 19. Read more...
16 Aug Race Is on to Build Offshore Oil Export Terminals A glut of oil is headed to the Gulf Coast. That development is triggering a race among a growing number of entrants to build deepwater crude export terminals in the Gulf of Mexico to ship most of that oil to foreign markets. Read more...
16 Aug Deere Cuts Outlook for the Year Due to Flooding, Trade War Deere & Co. cut its profit expectations for the year as beleaguered farmers and an escalating trade war with China cut into sales. Read more...
16 Aug Home Construction Fell 4% in July WASHINGTON — U.S. housing starts fell 4% in July, driven by a decline in the construction of apartment buildings. Read more...
15 Aug UPS Invests in TuSimple to Pursue Self-Driving Trucks UPS Inc. announced its venture capital arm, UPS Ventures, has made a minority investment in autonomous driving company TuSimple to test self-driving tractor-trailers on a route in Arizona to determine whether the vehicles can improve service and efficiency in the UPS network. Read more...
15 Aug Rookies, Vets Keep Their Focus on Taking Top Honors PITTSBURGH — One former national Grand Champion and one rookie were among the 5-Axle drivers taking the course Aug. 15 at the 82nd annual National Truck Driving Championships and National Step Van Driving Championships. Their perspectives differed, but in unlikely ways. Read more...
15 Aug Cummins Is Top Overall Supplier of Class 8 Engines in First Half of 2019 Independent engine maker Cummins Inc. supplied a leading 35.8% of the diesel engines used in the first half of 2019, amid an expanding market, WardsAuto.com reported, based on data that differed from the prior year. Read more...