Roadrunner Transportation Systems Inc. said it agreed to acquire the logistics company Active Aero Group from Aero's parent company, Platinum Equity for $115 million.
August 11, 2014Search
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Truck Makers Chip Away at Cummins’ Engine Lead
Cummins Inc. maintained leading market share among engine makers in North America during the first half of 2014, but continued to lose ground to truck manufacturers’ proprietary engines, WardsAuto.com said.
August 11, 2014Federal Judge Dismisses ATA Class-Action Toll Revenue Lawsuit
A federal judge in New York on Aug. 6 dismissed a class-action lawsuit filed last year by American Trucking Associations alleging that the New York State Thruway Authority is improperly spending more than a billion dollars in toll revenue on maintenance and improvements on the state’s mostly recreational canal system.
August 7, 2014Wabash’s Second-Quarter Income Rises
Trailer maker Wabash National Corp. reported its second-quarter net income increased as trailer demand exceeded expectations.
July 29, 2014Cummins’ Second-Quarter Income Rises on Higher North America Sales
Engine maker Cummins Inc. said July 28 its second-quarter profit improved on higher North American sales.
July 28, 2014Wabco 2Q Income Declines; Sales Rise
Belgium-based Wabco Holdings Inc. said second-quarter net income declined from a year ago, but sales and operating income improved.
July 25, 2014Ryder’s Second-Quarter Net Income Rises
Ryder System said its second-quarter earnings rose from a year ago, as its fleet management and supply chain units revenue increased.
July 23, 2014Asset Tracking Provider I.D. Systems Hires Ellis as COO
I.D. Systems Inc., which sells the VeriWise brand of asset-tracking products, said it has appointed former Omnitracs executive Norm Ellis as its chief operating officer.
July 22, 2014Roadrunner Acquires Logistics Firm Integrated Services
Roadrunner Transportation Systems has acquired regional logistics firm Integrated Services for $13 million.
July 21, 2014June Truck Sales Jump 21%
Class 8 vehicle sales surged 21.6% in June to 19,373 units, the third-highest monthly total since the end of 2006, WardsAuto.com reported.
July 21, 2014