Volvo restructures truck brands
In a move intended to save money and simplify its structure, Volvo AB said today that it would split its three truck brands into separate divisions. The...
Volvo restructures truck brands
In a move intended to save money and simplify its structure, Volvo AB said today that it would split its three truck brands into separate divisions. The...
Ford will announce restructuring plan
Ford Motor Co. is expected to announce a restructuring plan on Friday that could result in the elimination of up to 20,000 jobs, according to news sources....
Great Dane taps GGS for parts database
GGS Information Services of York, PA, a technical information management services provider, has developed a custom parts database system for Great Dane...
Jobless claims on the rise
New jobless claims rose for the second week in a row, which suggests that many U.S. workers are still suffering from an economy that is in recession....
Diesel rises for second straight week
Though it is well below last year's average price at the pump, a gallon of diesel rose slightly each of the last two weeks of the year 2001, according...
FMCSA cracking down on trailer placard use
The Federal Motor Carrier Safety Administration (FMCSA) plans to strictly enforce a requirement prohibiting motor carriers from placing extraneous information...
GM's truck sales up 30%
General Motors Corp. said sales in December rose 7 percent, boosted by interest-free loans and strong truck demand. Truck sales were up 30.8 percent to...
Ford's truck sales up 14%
Ford Motor Co. said its December sales increased 2 percent over the same month a year ago as strong truck sales outweighed sharply lower car sales. Car...
Manufacturing index rises in December
The manufacturing index prepared by the Institute for Supply Management increased to 48.2 in December from 44.5, a sign that the worst of the 17-month...
Wabash suspends quarterly cash common stock dividend
Wabash National Corporation announced today that the Board of Directors has suspended the payment of quarterly dividends on the company's common stock,...
Stewart & Stevenson awarded $374-million contract
Energy equipment maker Stewart & Stevenson Services Inc. said it has been awarded a $374-million contract to build trucks and trailers for the U.S. Army,...
DaimlerChrysler files $15-billion shelf offering
DaimlerChrysler AG's DaimlerChrysler Services North America LLC has filed with the Securities and Exchange Commission to sell up to $15 billion in asset-backed...
Caterpillar announces plans to reduce its worldwide employment
Caterpillar Inc, Peoria IL, has announced plans to reduce its worldwide employment at select locations by more than 900. In the United States, the company...
Downturn in consumer spending could prolong recession
Mainstream business economists overwhelmingly expect the nation’s 10th postwar recession to end in the first half of 2002. But the rebound, when it comes,...
Downturn in consumer spending could prolong recession
Mainstream business economists overwhelmingly expect the nation’s 10th postwar recession to end in the first half of 2002. But the rebound, when it comes,...
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Investment firm buying parts distributor
Private investment firm Paratus Capital Management along with Fleet Capital Corp. is funding a management buyout of heavy-duty truck parts distributor...
Trailmobile Bankruptcy Excludes Parts and Service
Trailmobile Parts & Service Corporation is not included in the recent bankruptcy filing of Trailmobile Trailer LLC, according to Dennis Martineau, president...
Fatal truck-crash rate down
American Trucking Assns. (ATA) president & CEO William Canary today announced that new federal statistics for 2000 show a continuing reduction in the...
Diesel price falls to lowest level since August 1999
The nationwide price for diesel fuel fell 3 cents to $1.143 a gallon in the past week, down 40 cents from a year ago and the lowest level since early...
B2B e-commerce could save firms trillions, according to study
Companies worldwide could save on aggregate $2.3 trillion a year by using the Internet to purchase resources ranging from office supplies to plane tickets,...
FleetPride appoints new CIO
FleetPride, an independent aftermarket distributor of heavy-duty truck parts, has appointed Erach Balsara as its CIO. Balsara will be responsible for...
Oshkosh signs U.K. deal
Oshkosh Truck Corp. announced today that it has signed a contract to supply 92 heavy equipment transporter (HET) tractors and trailers to the United Kingdom’s...
FMCSA calls for removal of 300 hazardous cargo tanks
The DOT’s Federal Motor Carrier Safety Administration (FMCSA) today announced that it has identified more than 300 cargo tanks equipped with rear-end...
