18 Dec Oil Trader Vitol Sues US for $52 Million Tax Refund A subsidiary of Vitol Group, the biggest independent oil trader, is demanding that the U.S. government return more than $52 million in fuel taxes the Rotterdam-based company says was improperly collected. Read more...
18 Dec Perspective: Looking Forward With 5G The technology elephant in the room for warehouse operators is 5G wireless technology; specifically, whether it’s worthwhile for the sector to convert from existing 4G systems. Read more...
18 Dec Daimler to Pay $20 Million Penalty Over Mercedes Recall Lapses Daimler AG’s Mercedes Benz has agreed to pay as much as $20 million in penalties for violations of how it operated its vehicle recall program. Read more...
18 Dec Volvo Sells UD Trucks Unit to Isuzu for $2.3 Billion Volvo Group agreed to sell its UD Trucks unit to Isuzu Motors Ltd. for about $2.3 billion and announced plans to forge a strategic alliance with its Japanese rival, the latest sign of consolidation in the global automotive industry. Read more...
18 Dec Medium-Duty Sales Skid in Typical November Fashion U.S. sales of medium-duty trucks in November made the typical slide toward the end of the year, falling 7.4% from the 2018 period, WardsAuto .com reported. Read more...
18 Dec North Carolina Pays Researchers to Prep for Autonomous Vehicles Teams of researchers based at three state universities will spend the next three years developing ways to help North Carolina prepare for autonomous vehicles and other new transportation technologies. Read more...
18 Dec US Energy Chief Shrugs Off Permian Oil Slowdown as ‘Pause’ The golden age of U.S. shale is far from over, with an expected slowdown in the Permian Basin likely to be temporary, according to new U.S. Energy Secretary Dan Brouillette. Read more...
18 Dec Fiat Chrysler, Peugeot Sign Deal for 50-50 Merger MILAN — The boards of Fiat Chrysler Automobiles and PSA Peugeot on Dec. 18 signed a binding merger deal creating the world’s fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. Read more...
18 Dec Shipping Industry Proposes Fund to Tackle Carbon Emissions BERLIN — A global shipping industry organization is proposing a research and development program to help cut carbon dioxide emissions, funded by about $5 billion from shipping companies over a decade. Read more...
18 Dec Truck Makers, Suppliers Slash Jobs by the Thousands as Orders Dry Up North America’s biggest truck makers and their suppliers are firing thousands of workers as orders dry up amid a glut of big rigs. Read more...