Industry News

U.S. auto sales will bounce back this month, forecasters say

May U.S. auto sales are expected to rebound from an April slowdown, easing concerns of another spring swoon, forecasters said. The light-vehicle seasonally adjusted annual selling rate for this month will be 15.2 million, both LMC Automotive/J.D. Power and Associates and TrueCar.com predicted today. The April sales rate, or SAAR, was 14.9 million, ending five […]

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European Commission initiative to improve port connections

Following concerns of congestion and extra costs for shippers, transport operators and consumers, the EC has put forward proposals to save money and help develop new short sea links.

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Report shows trucking would suffer large economic loss to carbon tax

A report issued this week by the Congressional Budget Office says a carbon tax would cause industries that use much energy — like transportation — to “experience comparatively large losses in income†if a carbon tax were instituted spurred mostly by the decline in demand for trucking that would come from such a tax.

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CARMAKERS CAN LOOK TO KRISHNAPATNAM

The Indian port of Krishnapatnam is building a dedicated finished vehicle terminal, with the first phase due to open in June this year. It is being promoted by the port’s majority shareholder, CVR Group, which is based in Hyderabad.  

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PACCAR’s Kozek tagged as new Navistar President

Navistar International today announced it has appointed Bill Kozek as president of the company’s North America Truck and Parts business. He succeeds Jack Allen, who was promoted to chief operating officer last month.

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‘THE MEXICAN QUESTION’

Mexico is an appealing location for carmakers, sandwiched as it is between the recovering US market and the rapidly growing Latin American economies with good trading relationships both ways.  

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WWL BID FOR MELBOURNE AUTO TERMINAL DEVELOPMENT

Wallenius Wilhelmsen Logistics has submitted a bid to redevelop the Webb Dock West automotive terminal at the port of Melbourne. If the bid is successful it will be the 12th automotive terminal that WWL operates around the world.

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CEVA SEEKS FISCAL CALM AFTER DEBT SWAP

The Ceva Group has announced the results and completion of a previously announced exchange offer on the company’s debt securities, which has led to a higher-than-expected reduction in the company’s debt and a higher cash infusion into the business  

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KRATHWOHL LEAVES GM AMID RESHUFFLE

Christine Krathwohl has left her role as the executive director for global logistics and supplier diversity at General Motors as the company made changes to its senior executive staff  

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