Global commercial vehicle production will plunge 20% this year compared with 2019, with the North American market slumping more than 30%, according to an analysis from IHS Markit.
April 20, 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.
Wabash Announces Temporary Idling, Furlough
Wabash National Corp. announced plans to implement a two-week idling of operations and companywide furlough from April 20 to May 3.
April 20, 2020Phillips Industries Promotes Rob Phillips to CEO
Phillips Industries announced Rob Phillips succeeded his father, Bob Phillips, as CEO, effective March 15.
April 20, 2020Greenbrier Suspends Railcar Operations at Oregon Facility
The Greenbrier Cos. is cutting hundreds from its workforce and suspending railcar production at its Portland, Ore., facility due to the economic impact of the coronavirus, the company announced April 16.
April 20, 2020Navistar Extends Stoppage at Springfield, Ohio, Truck Plant
Navistar International Corp. extended the stoppage at its medium-duty truck assembly plant in Springfield, Ohio, through early May due to component supplier constraints.
April 20, 2020Dana Reduces Operating Costs Due to Lower Demand
Dana Inc. announced it significantly reduced operating costs, secured $500 million of incremental liquidity and temporarily suspended its quarterly dividend due to lower customer demand.
April 20, 2020TireHub Relocates Two Texas Facilities
TireHub relocated two Texas logistics centers to provide expanded services and greater inventory, the company announced April 15.
April 17, 2020J.B. Hunt Reports Mixed Results for Q1
Truckload carrier J.B. Hunt Transport Services Inc. reported lower first-quarter net income on increased operating revenue on April 14.
April 16, 2020Paccar to Recall More Than 450,000 Trucks
Paccar Inc. on April 6 issued a recall notice covering hundreds of thousands of trucks over concerns a blown fuse could prevent dashboard illumination.
April 15, 2020Some Truck Makers Look to Restart in April
Schedules vary, but efforts to restart truck plants are stirring again as the second half of April begins.
April 15, 2020