The German auto-maker’s truck and bus division will establish a joint venture with engine manufacturer Navistar International in an effort to collaborate on the development of new technologies in the sector.
MJSA AWARDS SCHOLARSHIPS TO 4 JEWELRY DESIGN STUDENTS
The MJSA Education Foundation has bet on four new up-and-coming jewelry design students by awarding them with a total of $10,000 worth of scholarships. Emily Jerome of Maine College of Art, Molly Robinson from the Texas Institute of Jewelry Technology, Sidnee Tyree of Kendall College of Art and Design …
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FTR: Class 8 orders rebound in August
Net orders for North American Class 8 trucks totaled 14,000 units in August 2016, a 36 percent improvement from July, but a 35 percent decline from the same 2015 period, according to freight transportation analyst FTR.
U.S. bankruptcy court judge grants Hanjin provisional relief
Judge John Sherwood of the U.S. Bankruptcy Court for the District of New Jersey moved to recognize receivership proceedings in South Korea for the now insolvent ocean carrier Hanjin Shipping.
DP World to operate second port in Horn of Africa
The Dubai, United Arab Emirates-based port terminal operator won a 30-year concession for the development of a multi-purpose project at the Port of Berbera in the Republic of Somaliland, the company said in a statement.
Great Lakes shipment volumes continue sinking throughout the summer
Limestone shipments on the Great Lakes slipped 13.5 percent year-over-year in August to 3.4 million tons.
China modifies inspection rule aimed at Zika
The U.S. Foreign Agricultural Service said China has decided that vessels originating from the United States, other than the state of Florida, do not require disinsection certification.
Oracle acquires LogFire
LogFire’s cloud-based warehouse management software, which integrated as a partnership with Oracle last year, is intended to complement Oracle’s transportation management software.
U.S. exports reach $186.3b in July
The U.S. Commerce Department said the nation’s exports of goods and services increased from $182.9 billion in June to $186.3 billion in July, the largest monthly increase since the February-March 2014 period.
CSX projects weaker Q3 as domestic coal volumes decline
The Jacksonville, Fla.-based Class I railway said it expects third quarter earnings per share to decline slightly from last quarter due to high single-digit volume reductions from the same period a year ago.