Daimler AG to Cut Thousands of Jobs by 2022
Daimler AG, the parent company of Mercedes-Benz and Daimler Trucks, announced it will eliminate thousands of jobs worldwide by the end of 2022 amid weakening car sales in China and the costly push to develop electric vehicles.
December 2, 2019Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
ELFA: October Equipment Financing and Leasing Up 14%
An index that measures equipment financing and leasing trends showed business activity in October up 14% year-over-year.
November 27, 2019US Economy Grew at Moderate 2.1% Annual Rate Last Quarter
WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.
November 27, 2019Deere Shares Fall; New CEO Adopts Cautious Outlook
Deere & Co. delivered a more cautious outlook than expected for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment.
November 27, 2019Price, Sales of Used Class 8 Trucks Drop 19%
The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported.
November 26, 2019Cummins to Lay Off 2,000 Salaried Workers
Two thousand salaried Cummins employees will be laid off in the first quarter of 2020, the Columbus, Ind.-based engine manufacturer announced Nov. 25.
November 26, 2019Longtime Wabash National Chairman Martin Jischke to Retire
Wabash National Corp., the nation’s largest manufacturer of trailers and liquid transportation systems, announced Nov. 25 that board Chairman Martin Jischke is retiring after the 2020 annual stockholder’s meeting.
November 25, 2019Despite Unveiling Issues, Elon Musk Says Tesla Pickup Truck Orders Hit 200,000
Tesla Inc. Chief Executive Officer Elon Musk said orders for its Cybertruck have climbed to 200,000 even after two windows unexpectedly shattered in the big reveal Nov. 21.
November 25, 2019SunTrust Extends $16 Million Loan to Tribe Transportation
SunTrust Banks Inc. will serve as the sole lender of a $16 million deal to support the growth of Tribe Transportation, a Native American, female-owned transportation enterprise in Gainesville, Ga.
November 25, 2019GM Announces $175 Million Diesel Truck Engine Component Plant in Ohio
The Dayton, Ohio, area will soon be home to a new General Motors plant making components for Duramax diesel truck engines.
November 22, 2019