International Truck, a unit of Navistar Inc., announced a new lightweight spec for its HV50B mixer package that removes 1,000 pounds from the vehicle, and is intended to allow drivers to haul up to 9.75 cubic yards of concrete while staying under 66,000 gross vehicle weight rating.
March 10, 2020BusinessTechnologyEquipment
Mack Announces Active Steering for Granite Models
Mack Trucks announced its active steering system, Mack Command Steer, will be available for ordering in its Granite axle-back vocational models in the third quarter.
March 10, 2020BusinessTechnologySafetyFuel
Mercedes-Benz Unveils Upgrades to Vito Vans
Mercedes-Benz, a unit of Daimler AG, announced March 10 extensively upgraded versions of its diesel-powered Vito van available for ordering in Europe now and its battery electric eVito model available for ordering this summer.
March 10, 2020GovernmentBusiness
Inrix Study: Boston Ranks as Most Congested US City
Boston is home to the Pats, the Sox and wicked traffic. A report published March 9 determined Beantown’s average driver spent nearly 150 hours a year stuck in traffic, good enough to be named the most congested city in the country and ninth in the world.
March 10, 2020GovernmentBusinessLogistics
Higher N.J. Tolls Pitched to Pay for Turnpike, Parkway Projects
New Jersey is pushing for higher passenger-vehicle tolls this year — and regular increases in the future — to pay for improvements to its Turnpike and Garden State Parkway.
March 10, 2020GovernmentBusiness
Dow Surges 4.9% in Another Wild Day
NEW YORK — U.S. stocks, oil and other financial markets around the world clawed back some of their historic plunge from a day before amid hopes that the U.S. and other governments around the world will pump in more aid for a virus-weakened global economy.
March 10, 2020Business
Mike Lenz to Succeed Alan Graf as FedEx CFO
FedEx. Corp. announced a major change in leadership March 9.
March 10, 2020GovernmentBusinessSafety
Lawmakers Introduce Legislation to Increase Truck Parking
Lawmakers in the House of Representatives have introduced legislation that would address the lack of available truck parking. Reps. Mike Bost (R-Ill.) and Angie Craig (D-Minn.) are co-sponsoring the Truck Parking Safety Improvement Act, which they introduced March 5.
March 10, 2020GovernmentBusinessFuel
Saudi Arabia Increases Oil Output to Record High
DUBAI, United Arab Emirates — Saudi Arabia’s state-run oil giant Saudi Aramco said March 10 it would increase its crude oil production to 12.3 million barrels a day in April, a record amount.
March 10, 2020GovernmentBusinessFuel
Global Markets Pick Up After Plunge on Coronavirus, Oil
BEIJING — Global stock markets rebounded March 10 from record-setting declines after U.S. President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
March 10, 2020