U.S. Class 8 retail sales in June fell 43.5% year-over-year to just above 13,000, WardsAuto.com reported.
July 13, 2020Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Daimler May Need to Cut More Jobs Than Announced
Daimler AG will need to cut more jobs than the 15,000 previously announced, the company’s head of human resources told German news agency DPA in an interview.
July 13, 2020Volkswagen Management Tumult Spills Over to Truck Subsidiary
Volkswagen AG’s series of executive shakeups is reaching its commercial-vehicle operations, with the surprise departure of Traton SE’s chief and other managers highlighting friction over restructuring plans that were jolted by the COVID-19 pandemic.
July 10, 2020Greenbrier CEO Will Remain in Position Until September 2022
The Greenbrier Companies Chairman and CEO Bill Furman has agreed to continue in his position for up to two more years as a result of the coronavirus pandemic.
July 10, 2020Dana Introduces New Drive Technologies
Dana Inc. announced new drive technologies for material-handling vehicles, including a low-voltage, high-efficiency motor for electric-powered applications.
July 10, 2020Class 8 Orders Rise 23.2% in June
North American Class 8 orders in June approached replacement levels and reached the second-highest volume of the year.
July 9, 2020May Extends Slide in Used Class 8 Truck Prices
The year-over-year average price of a used Class 8 vehicle fell for the 13th consecutive month in May. Sales at retail outlets held up, while inventories headed down because there was no deluge of equipment flooding the market as a casualty of the COVID-19 pandemic, ACT Research reported.
July 8, 2020Fleets Push Forward With Tech Investment Despite Pandemic, Economic Uncertainty
Despite facing business challenges and economic uncertainty, some trucking companies have continued to move forward with technology investments during the COVID-19 outbreak.
July 6, 2020Cargo Theft Likely to Increase Over July Fourth Holiday, Report Says
Though cargo theft is a year-round problem for trucking, it is more of a concern around the July Fourth holiday, according to a report by CargoNet.
July 1, 2020Manufacturing Bounces Back in June on Reopenings
U.S. manufacturing rebounded in June as major parts of the country opened back up, ending three months of contraction in the sector caused by the coronavirus pandemic.
July 1, 2020