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
The trailer industry closed the first month of the year with orders up 92% year-over-year, however volume was still off 6% sequentially, as total net orders approached 33,000 units, according to ACT Research.
Seasonal adjustment made January the best order month in the past 16....More
American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index rose 2.9% in January, following a 4.3% decrease during December.
In January, the index equaled 138.8 (2000=100), up from 134.9 in December. The all-time high was 142.7 in February 2016.
Compared with January 2016, the SA index increased 2.6%. In December, the index fell 0.2% on a year-over-year basis. For all of 2016, tonnage was up 2.5%.
ATA recently revised the seasonally adjusted index back five years as part of its annual revision. ...More
Doepker Industries Ltd. has added the Edmonton Trailer Manufacturing (ETM) product line to its portfolio. Dirk Woestenenk, previously General Manager at ETM, has joined the Doepker team as Heavy Haul Division Manager. The entire product line, including sliding tilt decks, low beds, crane dollies, jeeps, and boosters, will be manufactured and supported by Doepker and authorized distribution locations....More
Last year featured the third-highest level of new trailer registrations ever, surpassed only by 2007 and 2008, according to consulting group CLEAR.
This might look like good news for the trailer industry, and in fact it is. However, there was a distinct weakening of the market in the second half of the year and Denmark, France, Germany, Italy and Spain were all less buoyant markets at the end of the year than they were in mid-2016....More