02 Nov Rush Debuts Stock Repurchase of Up to $150 Million Rush Enterprises Inc., the only publicly traded network of commercial vehicle dealerships in North America, announced a new stock repurchase program of up to $150 million of its shares of common stock. Read more...
02 Nov Shell Lubricants Announces Synthetic Oil for Trucks With Gasoline Engines Shell Lubricants next year will introduce Shell Rotella Gas Truck, a full synthetic engine oil for towing and hauling in gasoline-powered pickup trucks and SUVs. Read more...
02 Nov Exxon 3Q Profit Surges on Higher Energy Prices DALLAS — Higher oil prices propelled Exxon’s third-quarter profit up 57% to $6.24 billion despite another drop in production. It was Exxon’s best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back. Read more...
02 Nov Zonar, Cummins Partner on Engine Diagnostics Fleet management services provider Zonar and engine maker Cummins Inc. announced that they are offering joint customers Cummins Connected Diagnostics with Connected Advisor, two wireless uptime technologies that are included with Cummins engines. Read more...
02 Nov Sacramento Gets $44 Million in Electric Vehicles Eleven Sacramento apartment complexes will soon have shareable Volkswagen electric vehicles — the first benefit the state has received after the company was ordered to spend $800 million promoting EVs as part of a settlement for its 2015 emission scandal. Read more...
02 Nov Haldex, Wabash Sign Standard Position Agreement Haldex and Wabash National Corp. announced an agreement through 2021 for Haldex to be the standard brake adjuster and actuator supplier on the Wabash, Transcraft, Benson, Brenner, Beall, Walker and bulk trailer brands. Read more...
02 Nov Paccar Parts Opens Distribution Center in Toronto Paccar Parts opened a new 160,000-square-foot parts distribution center in Toronto, intended to increase parts availability and maximize uptime for customers across eastern Canada. Read more...
02 Nov U.S. Xpress Enterprises Posts Record Profits U.S. Xpress Enterprises reported record profits in the third quarter as the company benefited from strong freight volumes and higher rates. Read more...
02 Nov Port of Everett Receives Nearly $6M Federal Loan for Rail Upgrades Washington’s Port of Everett was awarded a $5.9 million loan from the U.S. Department of Transportation’s Build America Bureau to assist with ongoing rail upgrades at the facility, Secretary Elaine Chao announced. Read more...
02 Nov Trade Gap Hits Seven-Month High Amid Tariff War The U.S. trade deficit widened more than forecast in September to a seven-month high as imports expanded and the merchandise gap with China hit a record amid an escalating tariff war. Read more...