Automated truck transmissions drive Eaton, Cummins joint venture

Sources: Eaton Corp., Cleveland; Cummins Inc., Columbus, Ind.; CP staff

Eaton Cummins Automated Transmission Technologies is a new joint venture targeting the global heavy- and medium-duty commercial vehicle market. Eaton and Cummins will hold 50/50 stakes in the entity, whose formation is subject to regulatory approvals and customary closing conditions, but anticipated during the third quarter of 2017.

Read More

U.S. steel producers file trade petitions covering mesh, PC strand-grade wire rod

Sources: Kelley Drye & Warren LLP, Washington, D.C.; CP staff

Gerdau Ameristeel US Inc., Nucor Corp., Keystone Consolidated Industries Inc., and Charter Steel have filed petitions concurrently with the U.S. Department of Commerce and International Trade Commission charging that unfairly-traded imports of carbon and alloy steel wire rod are causing material injury to the domestic industry.

Read More