°®¶¹´«Ã½

Cummins Inc., a manufacturer of diesel and natural gas engines and other technologies, posted first-quarter increases in profits and sales that were driven by demand from construction and mining customers rather than North American truck engines.

Three leading commercial vehicle suppliers notched quar­terly gains in net income and revenue for the period ended March 31, while a fourth sup­plier posted declines in both ­areas but expressed optimism that its financial performance would improve later this year.

Oil fell to the lowest in more than a month as the U.S. crude glut is seen moving to brimming fuel tanks. 

Global manufacturer Cummins Inc. posted first-quarter increases in profits and sales that were driven by demand from construction and mining customers rather than North American truck engines.

Accuride Corp. completed its acquisition of KIC and certain of its affiliated entities, following an agreement announced April 26, the company said.

U.S. consumer spending stalled in March while inflation slowed to below the Federal Reserve’s target, showing the biggest part of the economy might take more time to gain momentum after a tepid start to the year.

Allen Lund Co. has formed a joint venture with Santos International called TransKool Solutions, which will operate a temperature-controlled warehouse in McAllen, Texas, and offer brokerage services to transport produce and other refrigerated goods from Mexico to the United States and Canada.

Commercial vehicle supplier Accuride Corp. has reached an agreement to acquire KIC, a supplier of wheel-end components, and certain of its affiliated entities.

Trailer maker Wabash National Corp. reported lower net income and revenue for the first quarter amid fewer trailer shipments due primarily to timing issues.