CHICAGO (Reuters) – U.S. environmental regulators are expected within days to propose rules to make trucks more fuel efficient, and trucking industry executives and lobbyists familiar with the process said the rules will probably call for boosting fuel efficiency by 2027 nearly 40 percent from 2010 levels.
Truckers say the industry is willing to accept tighter federal standards, since motor fuel accounts for about a third of its costs. Truckers also want consistent standards throughout the country instead of a separate state rule in California.
CHICAGO (Reuters) – U.S. chief executive officers have become a bit more pessimistic in their outlook for the American economy in 2015 and fewer of them expect to increase sales, investment and hiring this year, a quarterly business group survey said on Monday.
The Business Roundtable’s second-quarter survey, conducted before U.S. gross domestic product for the first quarter was revised down last month to show an annualized 0.7 percent contraction, found that CEOs expect 2.5 percent GDP growth this year.
CHICAGO, June 4 (Reuters) – Metals company Alcoa Inc
said on Thursday it is supplying aerospace-grade aluminum to
Samsung Electronics Co Ltd for its Galaxy S6 and S6
edge models, enabling the smartphone maker to produce more
durable and sleeker phones.
Phones made with 6013 Alcoa Power Plate, which is 70 percent
stronger than standard aluminum are available now globally,
CHICAGO/WASHINGTON, June 3 (Reuters) – U.S. steel companies
on Wednesday filed a complaint with the U.S. government over
cheaper imports of corrosion-resistant steel from China, India,
Italy, South Korea and Taiwan, kicking off a process that could
end in import duties.
The companies alleged steel producers in the five countries
benefited from a wide range of subsidies not available to their
American counterparts. The firms have identified 48 different
subsidy programs in China, 88 in India, 12 in Italy, 43 in Korea
and 22 in Taiwan.
CHICAGO, June 1 (Reuters) – Oil railcar makers hoping for a
lasting boost in demand from tougher North American safety
standards may be in for a disappointment.
Factors including volatile oil prices and a loophole
allowing shippers to keep running older cars could leave rail
car makers like Trinity Industries Inc and Greenbrier Co
with a capacity glut, once initial orders for cars that
comply with tougher safety rules are filled, analysts and
industry officials said.
EAST DUBUQUE, Illinois, May 25 (Reuters) – Mario Enriquez
says there’s no real trick to getting great fuel mileage in a
“Just take it easy,” says the 61-year-old native of El Paso,
who’s driven an 18-wheeler for 11 years. “I don’t gun the
engine, I just gradually give it the gas.”
CHICAGO, May 22 (Reuters) – Deere & Co on Friday
reported a higher-than-expected quarterly profit and raised its
full-year outlook after cost cuts helped compensate for
weakening demand for its farm equipment.
The company’s shares rose nearly 4 percent after the
“We are pleased to see Deere management proactively
attacking costs… amid the agriculture downturn,” Edward Jones
equity analyst Matt Arnold wrote in a note for clients. “We
remain constructive on the long-term outlook for Deere, and we
continue to believe the current share price reflects an overly
LAS VEGAS (Reuters) – Daimler has been granted a license by the U.S. state of Nevada to test self-driving trucks on public roads, as the United States and Europe race to establish a regulatory framework for autonomous vehicles.
While companies such as Google have dominated the headlines with advances in driverless cars, Daimler board member Wolfgang Bernhard told reporters autonomous trucks were likely to hit the roads first.
LAS VEGAS, May 5 (Reuters) – Nevada has given Daimler AG
, the world’s biggest truck maker, the go-ahead to
test its self-driving heavy freight truck for the first time on
the open road in ordinary traffic, the two sides announced on
“Today is history,” Nevada Governor Brian Sandoval, a
Republican, said before posing with Daimler board member
Wolfgang Bernhard with a red license plate for the self-driving
truck at an event at the Las Vegas Motor Speedway.
CHICAGO (Reuters) – Package delivery giant UPS does not expect to change its current expansion plan in Europe despite a recent acquisition bid by main rival FedEx that would knock the firm into third place on the continent, a top executive said on Tuesday.
Last year UPS announced a four-year, $1 billion investment to grow its European network.