Daimler Truck to Double Defense Business, Cut 5,000 Jobs
Daimler Truck headquarters in Berlin. (Bernd Weißbrod/dpa/TNS) Daimler Truck Holding AG said it plans to double the size of its defense business by 2030 as it seeks to profit from higher military spending globally. The world’s biggest manufacturer of commercial vehicles is looking to expand the high-margin product area while ...more
NYC Acts to Bar DOT From Denying Funds in Congestion Case
Congestion Relief Zone signage on Second Avenue in New York. (Michael Nagle/Bloomberg) New York asked a judge to stop the ...more
Tariffs Force Rivian to Lower Annual Delivery Outlook
Reducing its sales outlook shows how Trump’s tariff policies and related economic worries risk worsening an existing slowdown in EV ...more
Labor Department Reviewing Independent Contractor Rule
Until resolution of court challenges, Wage and Hour field operators will use the guidelines contained in a 2008 “fact sheet” ...more
C.H. Robinson’s Earnings Surge 46% Despite Lower Revenue
C.H. Robinson reported earnings of $135.3 million for the first quarter compared with $92.9 million in the 2024 period. (C.H. ...more
Weak US On-Highway Truck Demand Drags on Q1 Cummins Revenue
A Cummins diesel engine at the Cummins plant in Seymour, Ind. (Luke Sharrett/Bloomberg) Equipment manufacturer Cummins saw revenue fall in ...more
Lawmakers Scrap Tire Emissions Limits in Deregulation Push
The vote passed in the House on March 5 and the Senate on May 6. The measure heads to the ...more