UPS (NYSE:UPS) and Workhorse Group (NASDAQ: WKHS) have successfully tested a drone that launches from the top of a UPS package car, autonomously delivers a package to a home and then returns to the vehicle while the delivery driver continues along the route to make a separate delivery.
UPS conducted the test in Lithia, Fla., with Workhorse, an Ohio-based battery-electric truck and drone developer. Workhorse built the drone and the electric UPS package car used in the test....More
Supreme Industries, Inc. (NYSE MKT: STS) announced that full-year 2016 net income increased 47.9% to a record of $19 million—up from net income of $12.9 million in 2015.
Full-year 2016 net sales grew 7.4%, to $299.0 million, compared with $278.4 million in 2015. The increase reflects higher year-over-year sales volume of retail work trucks destined for commercial end users....More
Wabash National Corporation (NYSE:WNC) has completed an amendment to reprice its senior secured Term Loan Credit Agreement, which at current interest rates would be expected to reduce annual cash interest costs by approximately $1.3 million....More
Wabash National Corporation (NYSE:WNC) announced that its board of directors has authorized the company to repurchase up to an additional $100 million of its common stock over the next two years....More
EU demand for new commercial vehicles grew 8.2% in the first month of the year, totaling 173,614 units, and was mostly driven by the light commercial vehicle segment, according to the European Automobile Manufacturers' Association (ACEA).
The EU’s five largest markets all posted gains in January, with Spain (+23.8%), Italy (+11.4%) and France (+10.3%) recording the highest growth rates....More
Spartan Motors, Inc. (NASDAQ: SPAR) reported that net income improved $25.6 million, or 150.7%, to $8.6 million, in 2016.
In the fourth quarter, net income improved $10.4 million, or 110%, to $900,000, from a net loss of $9.5 million....More
Peterbilt named The Peterbilt Store its North American Dealer of the Year for its outstanding fleet sales and support, excellent PACCAR MX engine sales and territory acquisition that increased their area of responsibility to a total of 15 locations in seven states....More
Felling Trailers, Inc. is implementing a new Lifetime Limited Warranty on its trailers, effective March 1. The new warranty will apply to all new trailers built on or after the effective date in lieu of its previous offering of a five-year Structural Warranty.
“At Felling Trailers, Inc. our goal is to meet and exceed our customers’ expectations. Our Lifetime Limited Warranty vastly surpasses anything else in the marketplace,” said Pat Jennissen, VP of Sales & Marketing for Felling Trailers, Inc....More
Mickey Truck Bodies is planning to break ground in March on a 20,000-square-foot liftgate installation facility on the 13-acre site the company purchased in 2015 from Pearson Furniture.
The new facility, which is expected to be operational in July, will house a total of 15 bays for liftgate installations and chassis preparation. The company expects to hire approximately 25 additional employees to handle the workload. Liftgates are one of the most popular accessories on Mickey’s truck bodies. Mickey is an authorized installer for all major liftgate brands....More