Eaton, Meritor Report Higher Earnings; Meritor Appoints CEO
Component makers Eaton Corp. and Meritor Inc. reported higher earnings for their most recent fiscal quarters, with both companies citing a strong North American truck market, and Meritor appointed a new CEO.
Cummins’ 1Q Profit Rises on Higher North American Engine Sales
Engine maker Cummins Inc. said first-quarter profit rose on higher engine sales in North America.
Diesel Price Rises for Second Week, Gaining 3.1¢ to $2.811
Diesel’s national average price rose 3.1 cents to $2.811 a gallon, the second consecutive increase, while gasoline jumped to a five-month high, the Department of Energy reported April 27.
Con-way Freight’s Buffalo Workers Vote Against Teamsters Union Representation
Employees at Con-way Freight’s Buffalo, New York, facility voted to reject representation by the Teamsters union, the company said.
Ritchie Bros. Plans Largest Canadian Auction April 28-May 1
Ritchie Bros. Auctioneers is set to hold its largest Canadian auction next week, and the downturn in the energy sector is playing a significant role in adding equipment to the auction block, according to Ritchie and Canadian industry officials.
Rush Enterprises’ 1Q Profit Gains on Higher Truck Sales
Truck dealership chain Rush Enterprises’ first-quarter net income rose as its Class 8 truck sales jumped more than 50% year-over-year.
Paccar’s 1Q Earnings Rise 38%
Paccar Inc. reported first-quarter income rose 38% from a year go on higher truck sales, and the company predicted higher industrywide U.S. and Canadian heavy-duty truck sales for this year.
Rush to Adopt Software From IBM for All Dealers
IBM and Rush Enterprises announced that Rush’s nationwide network of more than 100 truck dealership locations will use IBM DealerWorks enterprise software to provide real-time access to customers.
Diesel Rises 2.6¢ to $2.78 in First Gain in Six Weeks
Diesel’s national average price rose 2.6 cents to $2.78 a gallon, the first gain in six weeks, as oil prices held near their highest level this year, the Department of Energy reported April 20.
Celadon Names Executives to New Appointments
Celadon Group Inc. announced several promotions within to its senior management team. The changes are effective immediately.