Dana Introduces Rhombus for Tires; Updates Axles, Driveshafts
NASHVILLE, Tenn. — Manufacturer Dana Inc. rolled out innovations to its mainstay lineup of truck axles and driveshafts, and it also unveiled Rhombus Tire Analytics, a cloud-based system for managing tire maintenance.
XPO Logistics Notches First Full-Year Profit Since 2011
XPO Logistics posted its first full-year profit of the Brad Jacobs era, with net income of $63.1 million, or 53 cents a share, compared with a $245.9 million loss in 2015, or $2.65, the company said Feb. 21.
DeFazio, 15 Other House Democrats Urge Trump to Redo Nafta
A coalition of at least 16 House Democrats, led by Oregon’s Peter DeFazio, said Feb. 16 it will file a “Blueprint for America’s New Trade Policy,” urging President Trump to fulfill his campaign promises and negotiate a thorough overhaul of the North American Free Trade Agreement or withdraw from the 1994 agreement.
California Moves Ahead With Its Own GHG Rule
California is proceeding with its Phase 2 greenhouse-gas emissions rule for trucks — designed to be “harmonized” with the similar fed-eral rule released last year — no matter the fate of the U.S. regulation.
Connected Vehicles, Platooning Coming Into Focus
WASHINGTON — Connected vehicles and platooning are two of the major technological developments coming soon to trucking, and manufacturers, fleets, regulators and academics are wrestling with the details now.
ArcBest Remains Profitable, But Earnings Dip From 2015 Level
ArcBest Corp. remained profitable for both the fourth quarter and all of 2016 but at lower levels than the year before, the Fort Smith, Arkansas, carrier said Feb. 8.
States, Environmentalists Seek to Intervene in Federal Phase 2 Greenhouse-Gas Appeal
Eight states, including California, and five environmental advocacy groups have asked a U.S. appellate court for permission to intervene in a civil case between the Truck Trailer Manufacturers Association and two federal agencies concerning the final Phase 2 greenhouse-gas rule — just one month after TTMA filed its petition for review.
UPS Takes $239 Million Loss in 4Q Because of Charge on Pension Assets
UPS Inc. lost $239 million, or 27 cents a share, in the fourth quarter due to a one-time “mark to market” charge on pension assets worth $1.67 billion after taxes from what was an otherwise profitable period. For the last three months of 2015, the after-tax charge was $79 million.
OEMs Eke Out 2016 Profits; European Sales Strongest
Three of the world’s largest heavy-duty truck makers remained profitable in an anemic 2016, with fourth-quarter results revealing that European sales outpaced the North American market.
Daimler Gains on Car, Bus Lines, But Truck-Making Lags
Daimler AG had a strongly profitable fourth quarter to top off a year of modest improvements, but the growth came from the sale of Mercedes-Benz cars and buses, while the global truck division reported double-digit contractions in operating profit and revenue for both the quarter and the year.