News
As oil tumbles, marine fuel gets cheaper — and so do tanker stocks
Russia — one of the world’s top energy providers — is mired in war. The OPEC cartel is cutting production. And yet, oil prices continue to fall, weighed by global recession fears and concerns on Chinese demand. For ocean…
Eaton Q1 Profit Rises 19.7% as It Eyes Megaprojects
Profits at Eaton Corp. rose 19.7% in the first quarter of 2023 on sales growth that beat company expectations.
Wall Street greets e2open’s tough forecast with a stock plunge
The stock price of supply chain software provider e2open plunged Tuesday as Wall Street reacted to an earnings report in which the financial numbers weren’t particularly negative but the outlook was. By the close of trading,…
Freightliner eM2 completes Daimler Truck EV commercial vehicle lineup
ANAHEIM, Calif. — A year after starting regular production of its Class 8 Freightliner eCascadia battery-electric truck, Daimler Truck North America will build the eM2 medium-duty model this fall. It plans for utility bucket…
USDA Funds Washington Biodiesel Hub
The Department of Agriculture has granted $3 million to a regional multimodal biodiesel distribution center to boost fuel production and distribution to aid Washington, Oregon and Idaho farmers,
Cummins posts record Q1 revenue, raises full-year revenue outlook
Truck engine maker Cummins Inc. on Tuesday reported first-quarter revenue that topped analysts’ expectations, boosted by strong global demand for its products. Revenue for the first quarter was $8.5 billion, a record 32%…
House Lawmakers Unveil CDL Streamline Bill
Legislation meant to tackle the trucking industry’s driver shortage was recently introduced in the U.S. House of Representatives.
Oklahoma, UK Form Clean Energy Pact
Oklahoma and Britain will address trade barriers, increase investment and enhance business cooperation in zero-emission vehicles, agriculture and alternative energy.
Cummins Reports Record Q1 Profits
Meritor and heavy-duty truck engine sales propelled Cummins earnings to record heights in the first three months of 2023, the original equipment manufacturer said May 2.
DOT OKs Drug Testing Drivers Using Oral Fluid Samples
The U.S. Department of Transportation on May 1 announced the issuance of a final rule approving use of oral fluid to drug test truck drivers.
