Universal Logistics Holdings announced a $50 million expansion in Virginia to boost its heavy-truck division.
Q1 sales and earnings at the parent of Kenworth, Peterbilt and DAF Trucks posted records despite persistent supply chain issues.
With order backlogs exceeding 14 months, manufacturers are accepting few new orders, frustrating fleet demand.
Demand usually drives heavy-duty truck production forecasts, but the delta variant and a constrained supply chain are wrecking projections.
Despite supply chain constraints, Tier 1 driveline supplier Dana beat analyst expectations for Q1 and raised full-year estimates.
As the trucking industry rebuilds toward meeting replacement demand, PACCAR expects new products will help it continue gaining market share.
Makeup orders for tractors and trailers lead to rehiring of some laid-off workers and rebuilding shrunken backlogs from March and April coronavirus shutdowns. But how long will it last?
One manufacturer’s decision to erase 10,000 Class 8 trucks from its build plan threw the industry into negative territory in April; experts expect scant improvement in May.
Cummins saw a tough environment for most of its segments in 2020 before the word pandemic became common. Now it is depending on its collective experience in managing bad times to pull it through again.
