New plant for Cummins Turbo
From Fleet Owner
Cummins Turbo Technologies, formerly known as Holset Turbochargers, is adding a new 110,000-sq.-ft. factory in Charleston, SC to build turbochargers for heavy-duty engines produced by its parent company, Cummins Inc....
Hadley expands transit product offerings with purchase
Hadley Products Corporation, a leading manufacturer and marketer of heavy-duty vehicle products, has purchased the assets of the Transmatic Lighting division of Trans Industries....
Revenue up, but Covenant Transport has net loss for 2Q
Covenant Transport, Inc. announced that second-quarter total revenue increased 8%, to $169.4 million from $156.8 million in the same quarter of 2005. ...
Caterpillar downplays '07 disruptions
From Fleet Owner
Caterpillar says the major anticipated falloff in truck sales during the first quarter of 2007 should only been temporary and won't affect its operations much. ...
Azure Dynamics receives $2.4 million components order from DRS
Sustainment Systems Azure Dynamics Corporation, a leading developer of hybrid electric and electric powertrains for commercial and military vehicles, announced that it has received a $2.4 million components purchase order from DRS Sustainment Systems, Inc., an operating unit of DRS Technologies, Inc....
Smithway reports increase in 2Q earnings
Smithway Motor Xpress Corp. announced that second-quarter net earnings improved 15% to $1.6 million, compared to $1.4 million for the same quarter in 2005. For the first six months of 2006, net earnings improved 40% to $2.6 million, compared to $1.9 million in the 2005 period....
Ford launches production of hydrogen internal combustion engines
Ford has kicked off production of dedicated hydrogen fueled V-10 engines, making it the first automaker in the world to do so....
Eaton's profits, revenues up in 2Q
Eaton Corp announced record quarterly sales, net income, and cash flow for the second quarter of 2006. Net income per share was $1.64 for the second quarter of 2006, an increase of 20% over net income per share of $1.37 in the second quarter of 2005. Sales in the quarter were $3.19 billion, 12% above the same period in 2005. Net income was $253 million compared to $209 million in 2005, an increase of 21%....
Diesel price up slightly
As crude oil prices continue their upward climb, the average price for a gallon of diesel nationally increased 0.8 cents to $2.926 for the week ending July 16, according to the Energy Information Administration (EIA)....
Record sales forecast through 2009 for west European trailer industry
It had been thought that the European market for heavy-goods vehicle trailers would take a breather in 2006, but helped by a buoyant German market in the first half of the year, a new sales record of 138,000 will be set for the seven largest economies, or 168,000 units for Western Europe as a whole. ...
Kenworth du Fjord debuts full-service facility in Chicoutimi, Quebec
Kenworth du Fjord has opened a new full-service facility in Chicoutimi, Quebec, to provide customers with increased support and a more convenient location for their truck purchase, parts and service needs....
Meritor WABCO demonstrates advanced vehicle control technology to Congress
Meritor WABCO Vehicle Control Systems provided members of Congress, their staffs and federal agency employees an up-close look at advanced vehicle control technology during a Ride and Drive event, sponsored by the Motor and Equipment Manufacturers Association (MEMA). During the event, Meritor WABCO demonstrated its advanced vehicle control technologies and its fundamental contribution to advancing commercial vehicle safety....
DRS Technologies receives Army order to produce heavy ammunition trailers
DRS Technologies, Inc. announced today that it has received an $8.5 million order to produce M989A1 Heavy Expanded Mobility Ammunition Trailers (HEMATs) for the U.S. Army....
Church seeks 20-passenger bus
First Baptist Church of Lillian, Texas, is looking to acquire a 20-passenger bus through a donation or a purchase at below cost or reduced interest. ...
Medium and heavy truck sales up 2%
The sale of medium and heavy trucks slowed to a 2% growth rate in June -- down from 4% the month before, according to figures compiled by Wards Communications. Dealers sold 61,584 trucks with GVW ratings above 10,000 pounds during the month, as opposed to 60,155 in June 2005. ...
Truck bankruptcy data remains at near-record levels
Bear Stearns’ seasonally adjusted Bankruptcy Index decreased modestly to 41 in June from 43 in May, improving 67% y/y from 125 in June 2005 (vs. 64% y/y improvement in May)....
Harsh International acquires Pummel Truck Supply
Harsh International, Inc. of Eaton, CO has acquired Pummel Truck Supply of Salem, OR. The combination of the top-quality equipment manufactured by Harsh and the superb distribution network and custom dump-body capability of Pummel will assure that the Northwest is given the best of both worlds....
International unveils tire-, battery-monitoring technology
International Truck and Engine Corporation demonstrated a new tire and battery monitoring technology that will be introduced on its International 8600 model, used primarily by regional haul fleets. ...
Penske Logistics named lead provider for Eaton's North American truck segments
Penske Logistics announced that diversified industrial manufacturer Eaton Corporation selected the firm to serve as its lead logistics provider for the company's North American-based automotive and truck business segments. ...
PacLease announces two new locations to serve western Ontario
PACCAR Leasing Company (PacLease) continues to steadily expand its franchise network in North America with the addition of two locations in Ontario, Canada, this month. Located along the busy Highway 401 corridor in London and Highway 400 in Barrie, the new locations are operated by Kenworth Ontario PacLease....
Wabash named one of IndustryWeek’s top 50 manufacturers
Wabash National Corp. today announced that the company has been named one of the 50 best manufacturers in the U.S. by IndustryWeek magazine....
Bear Stearns: Class 8 orders likely to weaken even more in late ‘06
Bear Stearns said that it believes investors “greatly underestimate the magnitude” of the 2005-2006 Class 8 pre-buy....
Hino Trucks names Truckmax top dealer in America
Miami-based TruckMax has been named the No.1 dealer in the United States by Hino Motors Sales USA, Inc., an affiliate of the Toyota Motor Corporation....
MEMA outlines concerns over Russia’s WTO bid
The Motor and Equipment Manufacturers Association (MEMA) and 15 other organizations representing other copyright, patent and trademark holders have sent a letter to President Bush requesting the administration not finalize talks for Russia’s accession into the World Trade Organization (WTO) until the Russian Government improves protection of intellectual property rights and enforcement....
Wastequip acquires Pioneer Cover-All
Wastequip, Inc., announced it has acquired Pioneer Cover-All, a leading manufacturer of tarping systems used in the solid waste and construction industries. ...
