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Daimler Appoints Rainer Müller-Finkeldei to SVP Post

Sprinter van Müller-Finkeldei (inset, by Daimler) has had roles across business units, including Daimler vans. (Mercedes-Benz USA)

Daimler Trucks North America appointed Rainer Müller-Finkeldei senior vice president of engineering and technology.

Roger Gilroy | Senior Reporter
August 4, 2020
Business

Oil Jumps as Lebanon Explosion Signals Geopolitical Instability

Oil Oil in storage in the United States. (Daniel Acker/Bloomberg News)

Oil extended its rally and hit a two-week high after an explosion at Lebanon’s main port rocked the capital Beirut, pointing to geopolitical instability in the region.

Andres Guerra Luz | Bloomberg News
August 4, 2020
Government, Business, Safety

Tropical Storm Isaias Drives Wild Weather Up Interstate 95

Tropical Storm Residents survey the damage following the effects of Hurricane Isaias in Southport, N.C. (Gerry Broome/Associated Press)

WINDSOR, N.C. — Tropical Storm Isaias spawned tornadoes and dumped rain along the U.S. East Coast on Aug. 4 after making landfall as a hurricane in North Carolina, where it smashed boats together and caused floods and fires that displaced dozens of people. At least two people were killed when one of its twisters hit a mobile home park.

August 4, 2020
Business, Fuel, Top 100

Wilks Brothers Swoop In With Competing Offer for Calfrac

A pumpjack operates above an oil well on the outskirts of Williston, North Dakota. A pumpjack operates above an oil well on the outskirts of Williston, North Dakota. (Daniel Acker/Bloomberg News)

Wilks Brothers has made a competing proposal to recapitalize struggling energy company Calfrac Well Services Ltd. and criticized management’s deal as favoring insiders.

Paula Sambo | Bloomberg News
August 4, 2020
Business, Equipment, Safety

Meritor Reaches Brake Shoe Production Milestone

Meritor booth at industry show John Sommers II for Transport Topics

Meritor Inc. recently produced its 100 millionth brake shoe at its Plainfield, Ind., manufacturing facility.

August 4, 2020
Government, Business, Technology, Safety, Autonomous

Senate Panel to Consider USDOT IG Nominee Eric Soskin

USDOT sign Andrew Harrer/Bloomberg News

President Donald Trump’s nominee to lead the U.S. Department of Transportation’s internal watchdog division is scheduled to appear before a Senate panel Aug. 6.

Eugene Mulero | Senior Reporter
August 4, 2020
Business, Technology, Equipment

Eaton Posts Q2 Operating Loss in Vehicle Unit

Eaton An Eaton booth at an industry show. (John Sommers II for Transport Topics)

Power management company Eaton Corp. reported sharp drops in net income and revenue in the second quarter as the novel coronavirus pandemic cut vehicle production at key customers.

Roger Gilroy | Senior Reporter
August 4, 2020
Business, Fuel

Shale Driller Sells Gas Fields for Fraction of Purchase Price

A gas flare is seen in a field near Mentone, Texas, in August 2019. A gas flare is seen in a field near Mentone, Texas, in August 2019. (Bronte Wittpenn/Bloomberg News)

Range Resources Corp. is selling its Louisiana shale fields for about one-tenth of what it paid for them just four years ago as depressed natural gas prices hammered the heavily indebted driller.

Joe Carroll | Bloomberg News
August 4, 2020
Government, Business, Safety

FAA Spells Out Design Changes Needed in Grounded Boeing Jet

A Boeing 737 Max jet heads to la landing after a test flight on June 29. A Boeing 737 Max jet heads to la landing after a test flight on June 29. (Elaine Thompson/Associated Press)

Federal regulators on Aug. 3 outlined a list of design changes they will require in the Boeing 737 Max to fix safety issues that were discovered after two deadly crashes that led to the worldwide grounding of the plane.

David Koenig | Associated Press
August 4, 2020
Government, Business, Technology, Autonomous

DOT Funds Four New University Transportation Centers

Ohio State Part of the Ohio State University's campus. The largest individual award was given to the school. (abalcazar/Getty Images)

The U.S. Department of Transportation announced $4.9 million in funding has been awarded to support four new University Transportation Centers.

Eleanor Lamb | Staff Reporter
August 4, 2020

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