Daimler AG reported higher net income and revenue as sales of cars and vans rose, while truck sales globally fell 8% in the third quarter.
October 24, 2019Business, Equipment
Daimler Rides Cars, Vans to Earnings, Revenue Gains
Business, Equipment
Caterpillar Rises as Company Cutting Production to Match Demand
Caterpillar Inc. shares rebounded as investors welcomed the move by the company to cut production, helping it navigate the global economic downturn.
October 23, 2019Business, Equipment
With Eye on Future, Continental Opens Mississippi Tire Plant
German tire manufacturer Continental AG celebrated the grand opening of its first plant dedicated to truck tires, the company said in an Oct. 16 news release.
October 22, 2019Business, Equipment, Logistics, Top 100
Layoffs Hit Stevens Tanker, Amazon Contractors
Closures and layoffs continue to vex the trucking industry in 2019, but three recent downsizings were attributed by the companies involved more to the vicissitudes of the energy, retail and final-mile industries than to a slowdown in the overall freight market.
October 22, 2019Business, Equipment
Paccar Reports Higher Q3 Income, Revenue
Paccar Inc. reported higher third-quarter net income and revenue amid gains in sales of trucks and parts.
October 22, 2019Business, Technology, Equipment, Logistics
Konexial Acquires Axle Technologies’ ELD, Fleet Management Customers
Konexial Inc. acquired Axle Technologies’ complete roster of electronic logging device and fleet management customers, Konexial officials said Oct. 21.
October 21, 2019Business, Equipment
Ervin Equipment Announces C-Level Appointments
October 21, 2019
Business, Technology, Equipment, Autonomous
Volvo Reports Modest Gains in Q3 Net Income, Revenue
Volvo Group reported a marginal increase in net income and a modest bump in revenue in the third quarter, citing slowing markets for trucks, construction equipment, and marine and industrial engines.
October 18, 2019Business, Equipment
Volvo Braces for 2020 Slump as Truck Orders Hit the Brakes
Volvo Group is preparing for more output cuts after forecasting a slump in truck deliveries next year in North America and Europe on weaker demand.
October 18, 2019Business, Equipment
GM Workers Stay on Strike as Members Vote on New Contract
The United Auto Workers will continue striking against General Motors Co. until a tentative deal is ratified by members, extending its walkout for at least another week.
October 18, 2019