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, 2019Search
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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.
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, 2019With 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, 2019Layoffs 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, 2019Paccar 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, 2019Konexial 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, 2019Ervin Equipment Announces C-Level Appointments
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October 21, 2019Volvo 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, 2019Volvo 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, 2019GM 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