Used Class 8 pricing fell for the 12th consecutive month compared with a year earlier, down 22% for the largest drop in that extended period, ACT Research reported.
May 28, 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.
MAC LTT Gains Manufacturing Assets of Burch Tank & Truck
MAC Liquid Tank Trailer has acquired the manufacturing assets of Burch Tank & Truck. Financial details of the transaction announced May 20 were not disclosed.
May 28, 2020Boeing, Suppliers Advance on Restart of 737 Max Production
Boeing Co. and its suppliers climbed as the plane maker resumed production of the 737 Max jetliner while working with regulators to end a yearlong global grounding.
May 28, 2020Mitsubishi-Fuso to End US, Canadian Sales
Mitsubishi Fuso Truck and Bus Corp. is exiting the U.S. and Canadian markets as part of a strategic shift to focus on other regions, but will maintain service support for vehicles now on the road, the company announced.
May 28, 2020Fitzgerald Seeks Summary Judgment in $83 Million Tax Case
Attorneys for the nation’s largest glider truck manufacturer have asked a federal judge for permission to seek a partial summary judgment to block an attempt by the IRS from collecting $83 million in back taxes and penalties.
May 27, 2020Trucking Companies Adapt to Coronavirus Realities
Trucking companies have been nimble in adopting changes to their operations both on the road and in the office as a result of the COVID-19 outbreak, industry executives said.
May 27, 2020Boeing Begins Cutting Workforce With 6,770 Layoffs in US
Boeing Co. unveiled the first and deepest of its planned job cuts, saying it would notify 6,770 employees in the U.S. this week that their positions would be eliminated.
May 27, 2020FMCSA to Immediately Expand Remote Carrier Compliance Reviews During Pandemic
The Federal Motor Carrier Safety Administration has announced plans to immediately expand the use of remote motor carrier safety compliance reviews during the COVID-19 pandemic.
May 26, 20205G and the Future of Fleet Communications
The much-hyped rollout of 5G networks is underway in the United States, and this fifth generation of wireless technology promises to deliver faster connections and Âgreater capacity. But what will the emergence of 5G mean for trucking companies?
May 22, 2020Commercial Vehicle Group Reports Q1 Net Loss, Revenue Decline
Component supplier Commercial Vehicle Group Inc. reported slumping revenue and a net loss in the first quarter as production of vehicles declined in key markets.
May 20, 2020