Performance Transportation Services Emerges from Chapter 11
Performance Transportation Services Inc., the second largest transporter of new automobiles, sport-utility vehicles and light trucks in North America, announced that its Plan of Reorganization became effective, marking the company's emergence from its voluntary Chapter 11 proceeding...
General Motors Considering Strategic Options for Allison Transmission
General Motors today announced that it is looking at strategic options related to its Allison Transmission commercial and military operations, including a potential sale of the business....
Cummins Releases Bodybuilder tools
Cummins Inc. announces that new tools for its 2007 on-highway engines are now available for bodybuilders. Cummins has created customized support materials to give body builders a complete reference manual of Cummins requirements and guidelines for the 2007 engines....
Operating Revenue Up 5% in 4Q at Marten Transport
Marten Transport, Ltd. announced that operating revenue increased 5% to $131.7 million from $125.4 million for the quarter and year ended Dec. 31, 2006...
Covenant Transport’s total revenue up 4.4% for 4Q
Covenant Transport, Inc. announced that total revenue increased 4.4%, to $186.3 million from $178.4 million for the quarter ended December 31, 2006...
Great Dane to Show Off ‘Skirts’ at 2007 TMC Exhibition
Great Dane Trailers unveiled plans for participation at the Technology and Maintenance Council 2007 Annual Meeting and Transportation Technology Exhibition February 5-9 in Tampa, Fla...
Bendix Warns of Potential Safety Issues Stemming From Counterfeit Parts
The issue of counterfeit parts being sold in the United States can pose a risk to highway safety, according to a representative of Bendix Commercial Vehicle Systems LLC...
Arkansas Best Closes Year Strongly
Arkansas Best Corporation “closed the year with a strong financial position,” according to Robert A. Davidson, President and Chief Executive Officer...
Hendrickson Breaks Ground on Trailer Suspension Plant in Kentucky
Kentucky Governor Ernie Fletcher joined Hendrickson officials in breaking ground for a $24.3 million trailer suspension plant in Pulaski County...
NTEA Gears Up for Work Truck Show
The Work Truck Show 2007 brings together professionals from a wide range of industries that use commercial trucks, trailers and equipment....
Diesel-price Drop Continues
The average price for a gallon of diesel nationally declined 3.3 cents to $2.43 for the week ending January 21, according to the Energy Information Administration (EIA). ...
December Truck Orders Revised Up
Class 8 and Class 5-7 net new orders for December were revised up 6% and 2%, respectively, according to final truck data released by ACT Research. ...
Dry-van Inventories Up 26% in December
Industry-wide dry van inventories improved 26% sequentially in December from November, and are now roughly 800 units higher than they were at the end of the third quarter 2006...
Eaton’s Truck Segment Up 13% in 4Q
Eaton Corporation’s truck segment posted sales of $620 million in the fourth quarter, up 13 percent compared to 2005. ...
Spartan Chassis to Supply Key Components for Cougar Armored Vehicles
Spartan Chassis, Inc., a subsidiary of Spartan Motors, Inc. today announced it has received a subcontract order from Force Protection, Inc. to supply and integrate key chassis components and assist in the manufacturing of 155 Cougars for use by the U.S. Marine Corps....
Sprinter Testing Plug-in Hybrid Vehicles
More than 20 Dodge Sprinter Plug-in Hybrid Electric Vehicles (PHEV) will be placed in the United States between now and the first quarter of 2008 as part of a test fleet program...
Swift’s Founder Buying Back Company
CEO Jerry Moyes, the founder of Swift Transportation Inc., is buying back his Phoenix-based trucking company in a $2.74 billion deal...
Beall Acquires Arizona Dump Body Manufacturer
Tank and trailer manufacturer Beall Corporation has purchased K&H Manufacturing, a builder of dump truck bodies and equipment based in Phoenix, Arizona....
Thiele awarded state contract
Thiele Manufacturing was awarded a contract through Mack Trucks, Inc. to build approximately 200 dump truck bodies in the second and third quarters of 2007 for Pennsylvania...
NTEA Releases Manufacturer Operating Metrics Benchmarking Survey Report
National Truck Equipment Association (NTEA) members now have a new tool for becoming world-class manufactures. The NTEA recently published the 2006 Manufacturer Operating Metrics Benchmarking Survey Report...
Diesel Price Plunges
The average price for a gallon of diesel nationally plunged 7.4 cents to $2.463 for the week ending January 14, according to the Energy Information Administration. ...
NAM Says Manufacturing Leads Rebound in Industrial Production
Driven by a 0.7 percent jump in manufacturing output, the Federal Reserve reported today that overall industrial production rose 0.4 percent in December...
Freightliner, DaimlerChrysler donate trucks
DaimlerChrysler Financial Services Americas LLC and Freightliner LLC, DaimlerChrysler's commercial vehicle division in North America, donated a mini-fleet of three 2007 trucks with 18-foot refrigerated van bodies to Forgotten Harvest...
Commercial Vehicle Group Revises 4Q 2006 Estimates
Commercial Vehicle Group, Inc. reported that its fourth-quarter 2006 earnings per share estimates will be lowered by approximately $0.20 to $0.30 due to specific events occurring during the quarter...
Freight slowdown hurts Covenant
From Fleet Owner
Weaker than expected freight demand in the fourth quarter last year drove down Covenant Transportation’s earnings. The company estimates a five- to 10-cent loss per share as a result...
