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Jul 10, 2015

Walmart suppliers grapple with challenge of “Made in USA” labels

July 10 (Reuters) – BENTONVILLE, Ark., July 10 (Reuters)
– Detroit Quality Brushes is a company that does just what its
name suggests: It makes high quality brushes in Detroit.

Years ago, the company had 18 competitors in the United
States. Today, there are only three left, says John Avgoustis,
head of marketing and sales.

Jun 10, 2015

New U.S. truck emissions rules could touch off industry struggle

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.

Jun 8, 2015

CEOs temper U.S. economic growth outlook for 2015: survey

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.

Jun 4, 2015

Alcoa supplying aerospace aluminum for Samsung Galaxy 6 phones

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,
Alcoa said.

Jun 3, 2015

U.S. steel firms file complaint over cheaper imports

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.

Jun 1, 2015

Regulatory boost for rail tank car makers could be short lived

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.

May 25, 2015

Truckers’ secret to fuel efficiency: take it easy

EAST DUBUQUE, Illinois, May 25 (Reuters) – Mario Enriquez
says there’s no real trick to getting great fuel mileage in a
big truck.

“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.”

May 22, 2015

Deere raises 2015 profit outlook despite weak farm market

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
earnings announcement.

“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
conservative scenario.”

May 6, 2015

Daimler says Nevada license to help self-drive trucks gain traction

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.

May 5, 2015

Nevada gives Daimler nod for open road tests of self-driving truck

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.

    • About Nick

      "Nick Carey is a Chicago-based, British-born journalist who has covered everything from the near-collapse of the Big Three automakers to the U.S. housing crisis. Nick is currently on general assignment, reporting on the human impact of the recession. He previously spent ten years working in central and eastern Europe."
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