Tata Africa Services Nigeria Limited says it plans to manufacture 40 percent of its trucks being sold in the country locally from next year. It also hinted about establishing a production centre for vehicle components in Nigeria as part of its contribution to the development of the nation’s automotive industry. These disclosures
Author: Tola Ojobo
Panalpina reports increased airfreight volume, continued slump in ocean freight sector
Switzerland-based forwarder Panalpina released its financial results for the first quarter of the year, reporting increases in overall profitability, with earnings before interest and taxes (EBIT) up in its Air Freight and Contract Logistics divisions, but down in its weakening Ocean Freight division. Overall EBIT came in at US$25 million, a
Nissan to cut hundreds of jobs at UK plant as diesel demand slides: source
FILE PHOTO - Logo of the Nissan Motor Co. is displayed at the 44th Tokyo Motor Show in Tokyo, Japan, November 2, 2015. REUTERS/Issei Kato/File Photo Nissan will cut hundreds of jobs at its Sunderland plant, Britain’s biggest automotive factory, as it tackles declining demand for diesel models across Europe, a source
U.S. diesel fuel prices highest since 2015
U.S. diesel fuel prices highest since 2015 The average price for a gallon of on-highway diesel fuel hits $3.104, with prices the highest in California, according to the U.S. Energy Information Administration. The average price for a gallon of on-highway diesel in the United States stands at $3.104 per gallon, the U.S.
Hurricane-Damaged Cars Moving Again as U.S. Exports
Vehicles damaged in Hurricane Harvey and its aftermath at an auction lot operated by Adesa, a division of KAR Auction Services Inc., in Houston in September 2017. PHOTO: BLOOMBERG NEWS Thousands of vehicles swept up in Hurricane Harvey last year are being shipped around the world after insurers declared them total losses in
Toyota to launch ‘talking’ vehicles in United States in 2021
Toyota logos are seen at City Toyota in Daly City, California, U.S., October 3, 2017. REUTERS/Stephen Lam Toyota Motor Corp (7203.T) plans to start selling U.S. vehicles that can talk to each other using short-range wireless technology in 2021, the Japanese automaker said on Monday, potentially preventing thousands of accidents annually. The
Lyft breaks down how much drivers can make
How much drivers can make working for Lyft and Uber has long been a topic of conversation and third-party studies. Now, Lyft is providing some more clarity around how much people can make driving for its platform. "Understandably, we’ve seen a few external groups take their own guesses at what Lyft drivers make, usually
Giant Cruise Ship Smashes Into Dock in Honduras
Giant Cruise Ship Smashes Into Dock in Honduras. Getty image The arrival of cruise ship MSC Armonia came as a surprise, as she ran into the Port of Coxen Hole in Honduras on April 10. The port is located on the island of Roatan, known for its beaches and dive sites. Tania Connor was able to capture the Armonia as
How petrol was Sold to Nigerians at N163 per litre in March – NBS
... as CBN blame high prices of petroleum products on the absence of efficient refineries in the country. The National Bureau of Statistics on Wednesday released the Premium Motor Spirit (petrol) price watch for the month of March, which showed how the product was sold to Nigerians an average price of N163.4
Nairobi to Get New Daily Train Service to Ease Traffic
Commuters boarding a train at Syokimau Railway Station in Nairobi. FILE Kenya Railways Corporation (KRC) has announced plans to start a daily train service connecting Nairobi's central business district to Kahawa as part of government efforts to ease traffic congestion in the capital city. The new service will start on Monday next