Wabash's net sales up, net income down
Apr 27, 2006
Wabash National Corporation today announced first-quarter results, with net sales at $262.1 million, compared to $256.1 million for the same period last year, and net income at $4.3 million or $0.13 per diluted share, compared to $18.5 million or $0.52 per diluted share. ...
Higher costs nip truck carriers’ profits
Apr 27, 2006, From Fleet Owner
The latest round of trucking quarterly financials shows mixed results, with many carriers reporting difficulty passing on rising costs to their customers. Even some of the companies that posted fatter earnings in the first quarter said they did so in spite of difficulties in raising rates. ...
Dana unveils emergency vehicle steer axles
Apr 27, 2006, From Fleet Owner
Dana Corp.’s Commercial Vehicle Systems group has introduced a new steer axle family designed for fire and rescue vehicle manufacturers. The Dana Spicer D-2000F fully-dressed steer axle family is now available with both a 3.5- and 5-in. drop beam, providing chassis and suspension profile height options required by fire and rescue applications. ...
Truck revenue up modestly
Apr 25, 2006
Truck revenue of $3.639 billion in the first quarter upsided the consensus of $3.433 billion, but came in a little shy of Bear Stearns’ $3.722 forecast....
March trailer orders top projection
Apr 25, 2006
Total trailer orders were 37,066 in March – better than ACT’s projection of 29,000-31,000 and the February total of 29,720....
Calutech Mobile Solutions Inc. expands facility
Apr 25, 2006
alutech Mobile Solutions, Inc. announced that due to continued growth in the medical and communication markets, the company will expand its Hammond, Indiana, manufacturing facility by 50%. Certification by GE Healthcare for Calutech's MRI and PET/CT mobile trailers is anticipated this summer, and is also a contributing factor for the expansion. ...
SMMT unveils body-builder best practice
Apr 21, 2006
The Society of Motor Manufacturers and Traders just launched the first phase of its commercial vehicle body-builder best practice recommendations, according to Transport News Brief. Based on self-certification, these practical guidelines aim to help the industry raise its standards and prepare for future whole-vehicle type-approval law....
J.B. Hunt sets record 1Q profit
Apr 20, 2006, From Fleet Owner
Truckload carrier J.B. Hunt Transport Services Inc. today announced record first quarter earnings of $49 million today, driven mainly by a strong freight environment. This reflects a modest 3.1% premium over the $47.5 million profit posted the same quarter last year. ...
Diesel does double-digit price rise
Apr 20, 2006, From Fleet Owne
The national average price for a gallon of diesel soared 11.1 cents to $2.765 for the week ending April 16, according to the Energy Information Administration. This marks a staggering 50.6-cent premium over the same week last year....
Truck bankruptcies near record low
Apr 19, 2006
Bear Stearns’ seasonally adjusted bankruptcy index increased modestly to 44 in March 2006 from 43 the month before, but improved 73% from 160 in March 2005....
FedEx Express expands hybrid electric walk-in van fleet from FCCC
Apr 19, 2006
Freightliner Custom Chassis Corporation (FCCC), FedEx Express, Eaton, Utilimaster and Detroit Diesel have teamed to develop a line of hybrid electric-powered walk-in vans. FedEx Express, which initiated the program, is already benefiting from the use of these first-of-their-kind walk-in vans, which are expected to become a mainstay in the FedEx medium-duty delivery fleet. ...
Phillips Industries expands Canadian presence
Apr 19, 2006
Phillips Industries has opened an eastern Canada Distribution Center in Mississauga, Ontario, which expands the company's commitment to the Canadian market by having multiple distribution locations providing improved customer support and on-time delivery performance. Phillips Industries now operates four facilities in the U.S. and Canada. ...
Kenworth names 2006 Dealer Council members
Apr 19, 2006
Kenworth Truck Company has named the members of its 2006 Kenworth Dealer Council, which consists of leading executives from the nearly 300 Kenworth dealerships in the United States and Canada. The council's goal is to help promote program consistency across the dealer network so that every Kenworth dealership provides a superior level of customer service....
Mexican truck and bus exports up sharply
Apr 18, 2006
Exports of trucks and buses rose almost 50% in March, according to the Asociación Nacional de Productores de Autobuses, Camiones y Tratocamiones (ANPACT)....
Meritor Tire Inflation System by PSI reports record 2005 Sales
Apr 18, 2006
Pressure Systems International, Inc. (PSI) reported that fiscal year 2005 sales of the Meritor Tire Inflation System (MTIS) by PSI increased 30% over 2004, according to Frank Sonzala, Executive Vice President for PSI, and Barry Eckel, Director of Sales and Marketing ArvinMeritor for MTIS....
DaimlerChrysler restructuring under way
Apr 18, 2006, From Fleet Owner
Despite improving profitability, DaimlerChrysler - the parent company of Freightliner LLC and Detroit Diesel- is planning an array of global workforce cuts and restructurings so it can slim down and generate more earnings in the future. ...
KEITH Manufacturing’s founder dies
Apr 18, 2006
Keith Foster, the founder of KEITH Mfg Co. and its related companies, died April 15 after a brief battle with cancer....
Schneider opens up Canada
Apr 14, 2006, From Fleet Owner
Schneider Logistics, Inc., a Schneider National operation, today announced offering its AccessCanada service by combining truckload, crossdock warehousing and LTL to expedite freight delivery into Canada without tying up shippers’ inventory in warehouses. ...
Navistar plans major fiscal restatement
Apr 14, 2006, From Fleet Owner
Navistar International Corp., the holding company for International Truck & Engine Corp., has stated it plans to restate its financial results for fiscal years 2002 through 2004, as well as for the first nine months of fiscal 2005. ...
AEM signs cooperative agreement with China to promote trade
Apr 13, 2006
The Association of Equipment Manufacturers (AEM) is among the signers of an agreement between the United States and China pledging cooperative efforts to improve the U.S.-Sino trade balance....
Thermo King hands out 2005 performance awards
Apr 13, 2006
Thermo King Corporation recently presented five dealership and eight individual awards at its annual Dealer Meeting. The awards recognize outstanding leadership, best-practice sharing, success in offering and selling solutions that improve customer businesses, and exceptional performance in customer service and sales. The 2005 award winners include: ...
GM-Isuzu partnership continues
Apr 13, 2006, From Fleet Owner
General Motors Corp. said it will maintain its business partnership with Isuzu Motors Ltd. even after it sells its 7.9% stake in the Japanese company. GM expects to gain $300 million from the divesture to fund its North American restructuring. ...
Medium and heavy truck sales up 15%
Apr 12, 2006
Medium and heavy trucks continued selling at a brisk pace in March, according to figures compiled by Wards Communications....
Bennett Truck Equipment consolidates
Apr 12, 2006
Bennett Truck Equipment LLC has consolidated its two Orlando loctions, closing the Old Winter Garden Road facility and moving all business activity to south Orlando, at 510 W. Thorpe Road, Orlando, Florida 32824. ...
Ex-Freightliner CEO Rupp dies
Apr 12, 2006, From Fleet Owner
Peter Emil Rupp, the former CEO of Freightliner Corp. and a major figure in the U.S. heavy-duty truck industry in the 1980s, was buried on March 29 in Oelsnitz, Germany. He died on March 19, 2006 in Wiesbaden, Germany after a long illness, just one month shy of his 76th birthday. ...
