According to the U.S. Bureau of Labor Statistics, as of May 2020, the median wage for diesel service technicians and mechanics was $50,200, however that is just the middle of the pay scale. Some heavy-duty technicians make as much as $72,000 to $93,000 per year.
Cummins Inc. (NYSE: CMI) today reported full year 2021 results.
Revenues for the full year were $24 billion, 21 percent higher than 2020. Sales in North America increased 17 percent and international revenues increased 27 percent. Sales increased in all major regions compared to the prior year, which was severely impacted by the height of the COVID-19 pandemic.
EBITDA for the year was $3.5 billion (14.7 percent of sales) compared to $3.1 billion (15.7 percent of sales) in 2020.
When Jesus interviewed at Cummins over ten years ago, one piece really stood out - the importance of family. “When I interviewed with my hiring manager, the first thing he told me was, ‘Jesus, I’m sorry. I have a commitment with my granddaughter.’ She had a dance recital that he had to attend, and I knew that family was important to him. For me, family is very important. I knew that Cummins was leading by their values.”
Cummins provides mobility solutions that allow customers to get from point A to Point B. But as the climate crisis continues and global companies pivot to adopt more sustainable practices, how do we help customers move people and things with minimum to zero air pollutants or greenhouse gas (GHG) emissions?
One solution is fuel cell electric vehicles.
Tallinn, the capital city of Estonia, has taken a big step forward in sustainability with a new fleet of 350 Solaris Urbino CNG buses powered by Cummins L9N engines which run on renewable biomethane gas. By the end of this year, the new buses will achieve a 70 percent renewal of the bus fleet, replacing older-generation buses with the most modern vehicles to meet passenger expectations. Operated by AS Tallinna Linnatransport, the buses are improving air quality in the city while also meeting a climate action goal to lower carbon dioxide (CO2) emissions by 25,000 tons a year.
The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 1.45 dollars per share, payable on March 3, 2022, to shareholders of record on February 18, 2022.
Cummins Inc. (NYSE: CMI) today announced the signing of an agreement to acquire Jacobs Vehicle Systems (JVS), a subsidiary of Altra Industrial Motion Corp., and a supplier of engine braking, cylinder deactivation, start and stop and thermal management technologies. The agreement brings the addition of new technologies to provide growth opportunities for Cummins’ current and future advanced diesel engine platforms.
Today, Cummins Inc. (NYSE: CMI) announced Jennifer Rumsey, its President and Chief Operating Officer, has been elected to the company’s Board of Directors.
No matter what season it is, adventure is calling.
Here are five things to know about this exciting new technology approach from Cummins.
1. An industry-first approach
These new fuel-agnostic engine platforms will feature a series of engine versions that are derived from a common base engine, which means they have a high degree of parts commonality. Below the head gasket of each engine will have similar components and above the head gasket will have different components for different fuel types. Each engine version will operate using a different, single fuel.
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