Cummins reports higher Q2 sales and income

Engine maker and power systems provider Cummins Inc. reported record second-quarter revenue thanks to the full integration of Meritor Inc. But a key earnings measure fell because Meritor’s gross margin percentage trails its new parent. By the numbers, Cummins reported: Record second-quarter revenues of $8.6 billion with all five business segments reporting higher sales. Year-ago…

All eyes on Vena as he takes helm at Union Pacific

Freight rail stakeholders will be watching closely as Union Pacific’s incoming CEO Jim Vena takes over the company, especially given how labor and operational dynamics have changed over the last three years since the industry veteran was last at UP as chief operating officer and later strategic adviser. Vena, whose appointment came amid hedge fund…