Allison Transmission reported first-quarter 2018 net income of $151 million, or $1.09 per share, up 82% from the $83 million, or 53 cents per share, of net income reported in the first quarter of 2017.
April 30, 2018Search
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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.
Trucker Wanders Oregon Woods for Four Days Because of GPS Fail
LA GRANDE, Ore. — A trucker who was missing for four days in a snow-covered part of Oregon after his GPS mapping device sent him up the wrong road walked 36 miles and emerged safely from a remote and rugged region of the state.
April 30, 2018Pentagon Might Obtain Self-Driving Vehicles First
Forget Uber, Waymo and Tesla: The next big name in self-driving vehicles could be the Pentagon.
April 30, 2018M&K Truck Centers Promotes Pilecki to President
Truck dealership M&K Truck Centers promoted Ted Pilecki to president, effective immediately.
April 30, 2018Boxwheel Trailer Leasing Secures Equipment Financing
Recently formed Boxwheel Trailer Leasing announced it has received a significant capital investment from Crosstimbers Capital Group.
April 30, 2018HDA Truck Pride Adds Turbo Solutions to Network
HDA Truck Pride announced Turbo Solutions has joined its distribution network as a provider of remanufactured turbochargers.
April 30, 2018LG Acquires ZKW in Its Largest Takeover; Focus Shifts to Lighting Self-Driving Cars
South Korean electronics group LG aims to become the world leader in lighting self-driving cars, by taking over Austrian car lights specialist ZKW for an estimated $1.3 billion, LG announced April 26.
April 26, 2018Ford Retreats From American Car Business to Focus on Trucks, Commercial Vehicles
Ford Motor Co. is cleaving an additional $11.5 billion from spending plans and dropping several sedans, including the Fusion and Taurus, from its lineup to more quickly reach an elusive profit target.
April 26, 2018Tesla Autopilot Chief Jim Keller Latest Executive to Leave Company
Tesla Inc.’s Autopilot chief, Jim Keller, has left the company, the latest in a rash of executive departures at the electric-car maker led by CEO Elon Musk.
April 26, 2018Prices Rise 3% in March as Used-Truck Volumes Remain Strong
The average Class 8 truck sold in March underscored that more mileage on a younger truck need not be a detriment to a higher sales price — as the overall volume stayed in the mid-20,000 range.
April 26, 2018