Swollen inventories of heavy-duty trucks must shrink or manufacturers will need to cut production further to keep the industry order bank from declining further, ACT Research says.
As Daimler and Volvo leverage their global capabilities for battery-powered trucks in California, PACCAR picks Dana and Meritor as systems suppliers for its medium- and heavy-duty electric trucks.
As more of its drivetrain business moves to electrification, Meritor focuses on integrating recent acquisitions TransPower and AxleTech.
After making four investments totaling $12 million in electric truck systems supplier TransPower, Meritor is acquiring the rest of the company.
Add Werner Enterprises to the parade of companies testing battery-powered heavy-duty trucks in California.
Just in time for the holidays, Paccar declared a special dividend of $2.30 a share for stockholders of record by Dec. 20.
Volvo Trucks North America will lay off about 700 workers in January, extending an industry pullback in production to match slowing orders of new Class 8 trucks.
The number of used Class 8 trucks for sale continues to grow as new equipment deliveries drain the backlog created during a 2018 order binge.
The traditional ordering season for new Class 8 trucks opened in October with the highest activity in 11 months. Still, the number of orders placed was the weakest for an October since 2016 — and 51% below October 2018.
The color of the Mack Trucks bulldog carries special meaning. Gold means all of the key components were homemade. Chrome says others’ parts are on board. Now, it comes in black.
Daimler Trucks North America, the industry sales leader, is not sweating the loss of big chunks of heavy- and medium-duty market share trucks through the first nine months this year.
Paccar Inc. delivered 31,000 trucks in the third quarter, helping the parent company of Kenworth Truck Co. , Peterbilt Motor Co. and DAF beat earnings estimates.
Preliminary Class 8 retail sales for September set an all-time record, but large fleet deliveries likely inflated the results that erased the previous record set in December 2006. Meanwhile, the backlog of trucks waiting to be built is falling, which is leading to layoffs..
Four of six major truck makers are reducing production line speed and/or laying off manufacturing workers. Market leader Daimler Trucks North America will cut 900 jobs in North Carolina on Oct. 14.
The civil equipment industry is thriving in the face of an overall manufacturing and industrial slowdown with demand for 5G fiber-optic cable installations and state-funded infrastructure projects among the main reasons.
Additive manufacturing, also known as 3D printing is no longer a fad in truck making. Companies are making greater use of the technology to save time and money although the technology itself is still expensive.
Fuel cell startup Loop Engency received a cash infusion from engine maker Cummins Inc. on Sept. 18. It was Cummins second investment in fuel cells this month.
Preliminary used Class 8 truck sales fell for the 10th consecutive month in August as used trucks hit the market in bigger numbers because of new truck deliveries from record orders placed in the latter half of 2018.
Should you own your own heavy duty truck or consider leasing?
FreightWaves chief analytics officer Dean Croke – who has also driven more than 2 million miles behind the wheel of heavy-duty trucks – previews Copilot by Pronto.
Navistar is the first to slow production lines for new trucks. It is targeting medium-duty units because inventories are up 30 percent year over year.
The ultimate guide to putting your money towards the most efficient trucks in the industry
Continued weakness from its Canadian Peterbilt dealerships adds to steep decline in Alberta company’s agricultural equipment business.
The rise and fall of interest in natural gas trucks typically depends on the price of oil. Now, the availability of clean energy credits in California and tougher NOx rules expected from the California Air Resources Board are additional reasons for purchase.
July heavy-duty truck orders were the lowest since 2010, more evidence of a trucking sector recession taking hold.
Theresa De Santis had to be talked into entering trucking competitions with her witch-themed 1985 Kenworth 589. She has collected a lot of hardware and prize money since.
The Shell Rotella Super Rigs is among the more attractive beauty contests for trucks because every entrant has a chance, winner or not, to end up in Shell’s Super Rigs annual wall calendar.
PACCAR Inc. added to a string of beating analyst revenue estimates in the second quarter but fell 3 cents short on earnings per share consensus. PACCAR set records across the board in the period ending June 30.
Volvo Trucks says anyone involved in heavy-duty trucking has a “moral obligation” to make trucking safer.
Traveling carnival’s most important rides are reserved for the drivers in its trucks.
Class 8 truck orders rose sightly in June from May’s figures, but posted their worst first six months of the year since 2010.
W.M “Rusty” Rush III and his stepmother, Barbara Rush, continue to fight in a Texas court over the late W. Marvin Rush II’s estate. The death of 79-year-old W. Marvin […]
Canadian John Deere dealership network enters trucking business with C$13.5 million deal.
Cervus Equipment (TSX: CRV) expects truck sales to rebound its Canadian Peterbilt dealerships as an order backlog improves during 2019. “The order backlog is a North American backlog,” CEO Graham […]
Peterbilt Motor Company has pledged at least $25,000 in support of the Women in Trucking Association (WIT), becoming the organization’s newest gold member and expanding the existing partnership between the two.
Strong performance from Ontario-based Peterbilt dealerships reflects overall North American demand.
Thousands of people flooded the Indiana Convention Center this week to see the latest products and services being offered to vocational and other types of fleets. Dozens of new products were announced, here is a look at some of them.
Funding announced as investment heats up for low-carbon fuel technology.
The company will use the investment to grow its commercial autonomous fleet.
Tyson Foods will be testing a tractor that will utilize Achates Power’s opposed-piston engine technology that is said to reduce NOx emissions by 90% from current standards.
Peterbilt Motor Company has added two additional ratings to its MX-13 engine family for the 2019 model year, both aimed at increasing uptime and improving fuel economy for truck owners.
Revenue forecasts were reached only because of a one-time tax event. But by almost any other standard, it was a strong quarter.
Cashflow Corner presented by TriumphPay …A creature from the Black Lagoon, George Washington’s desk, and a 10-foot gold-plated harp are just a few of the odd things hauled by truck drivers, according to the 2018 King of the Road survey from Atlas Van Lines.
So much for the summer doldrums. New truck orders, which typically take a dip in the summer months as both carriers and OEMs reset for the fall, hit a new all-time high in July, according to the latest data from ACT Research.
Cummins Inc. announced record earnings for its second quarter this morning, and that news was immediately overshadowed by an engine recall that has already impacted 230,000 vehicles and now will encompass an additional 500,000 heavy-duty truck models.
The technology and product offerings for LNG/CNG Class 8 trucks are well ahead of battery-electric vehicles. Rising diesel prices may spur another wave of natural gas-powered truck adoption.
The ELD compliance rate continues to inch up among fleets according to the latest survey conducted by CarrierLists.
As capacity tightens, there are two ways fleets and shippers can go: they can add more capacity through acquisition or equipment purchases, or they can tap into existing capacity in a different way. That way might be boosting the rental and dedicated transportation markets.
Trucking and logistics have grabbed a share of the spotlight this year at the Consumer Electronics Show this week in Las Vegas. None, though, has grabbed more attention than Toyota’s E-Palette concept and alliance that includes such big names as Amazon, DiDi, Mazda, Pizza Hut and Uber.
Continued tightening of capacity is driving up FTR’s Trucking Conditions Index (TCI). The TCI for July posted a positive reading of 5.75, reflecting tightening capacity, rising spot rates and a further impact this fall and winter from the implementation of electronic logging devices, FTR said.
Embark Trucks has announced a $15 million round of fundraising and a collaboration with Peterbilt Motors. The funding was a collective effort spearheaded by Data Collective, reported TechCrunch.
