ArvinMeritor reports record sales
Aug 3, 2006
ArvinMeritor, Inc. reported record sales of $2.5 billion for its third fiscal quarter ended June 30, 2006-up 4 percent from the third quarter of fiscal 2005. ...
Kenworth of South Florida named as new dealer franchise
Aug 3, 2006
Kenworth Truck Company has named Kenworth of South Florida as a new dealer serving the south Florida region that includes the counties surrounding Miami, Fort Lauderdale, West Palm Beach, Fort Pierce, Vero, Okeechobee, Naples and the Florida Keys. ...
Diesel goes up 3.4 cents
Aug 3, 2006
The average price for a gallon of diesel nationally increased 3.4 cents to $2.98 for the week ending June 30, according to the Energy Information Administration (EIA)....
Omaha Standard acquires Fontaine Truck Equipment
Jul 31, 2006
Eric Kluver, CFO of Omaha Standard, Inc., of Council Bluffs, Iowa, recently announced that the company has purchased the assets of Fontaine Truck Equipment Company....
Mixed picture in June for dry vans
Jul 28, 2006
Dry van orders continued to soften more than Bear Stearns expected seasonally -- 7,137 in June (vs. 8,606 in May), down 23% year-over-year (vs. up 60% year-over-year in May), according to figures released by ACT. However, dry van inventories improved 22% sequentially in June from May, and are now actually lower than they were at the end of the first quarter. In addition, dry van builds and factory sales were up 12% and 16%, respectively....
Oshkosh Truck to acquire Iowa Mold Tooling Company
Jul 28, 2006
Oshkosh Truck Corporation today announced the signing of a definitive agreement to acquire Iowa Mold Tooling Co., Inc., a leader in field service vehicles and truck-mounted cranes, through a merger. IMT is a portfolio company of American Capital Strategies, Ltd. The all-cash deal is valued at $131 million. ...
Featherlite to merge with Universal Trailer Holdings subsidiary
Jul 28, 2006
Featherlite, Inc. announced that it has signed a definitive agreement to merge with a subsidiary of Universal Trailer Holdings Corp. of Cincinnati, Ohio, a corporation with majority ownership by Dubin Clark & Company, a private equity investment firm. ...
NTEA's summit delivers industry insights, economic forecasts
Jul 28, 2006
The National Truck Equipment Association (NTEA) will offer its 2007 Business and Market Planning Summit (formerly the Economic Outlook Conference) Oct. 3-4 at the Embassy Suites Hotel Chicago-O'Hare Rosemont. ...
Commercial Vehicle Group's 2Q revenue up 19.7%
Jul 27, 2006
Commercial Vehicle Group, Inc., reported revenues of $234.8 million for the second quarter ended June 30, up 19.7% compared to $196.1 million in the prior-year quarter. ...
Cummins makes deal to produce light-duty diesel engines
Jul 27, 2006
Cummins Inc. announced it has reached agreement with a major automotive manufacturer serving the North American market to produce and market a light-duty, diesel-powered engine. For competitive reasons, Cummins original equipment manufacturer partner in the venture has asked to remain confidential. ...
Diesel price up two cents
Jul 27, 2006
With the price of crude continuing its volatility, the average price for a gallon of diesel nationally jumped two cents to $2.946 for the week ending July 23, according to the Energy Information Administration. ...
Haldex to close Tennessee plant
Jul 27, 2006, From Fleet Owner
Kansas City-based brake maker Haldex is planning to shut down its Paris, TN, plant by next year and relocate production of air brake system components to other factories, citing competitive reasons. ...
New plant for Cummins Turbo
Jul 27, 2006, 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
Jul 25, 2006
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
Jul 25, 2006
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
Jul 25, 2006, 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
Jul 21, 2006
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
Jul 21, 2006
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
Jul 19, 2006
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
Jul 19, 2006
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
Jul 19, 2006
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
Jul 18, 2006
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
Jul 18, 2006
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
Jul 18, 2006
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
Jul 17, 2006
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....
