U.S. Xpress Plans to Pursue IPO
Truckload carrier U.S. Xpress announced May 8 it intends to pursue an initial public offering of its Class A common stock, and the Chattanooga, Tenn.-based company has submitted its paperwork to the U.S. Securities and Exchange Commission.
May 8, 2018VTNA Offers Online Customization of VNR, VNL Models
Volvo Trucks North America has made available an online configurator tool for customizing eight new models in its VNR and VNL series.
May 7, 2018Meritor Selects UQM to Supply Electric Axles
Electric motor manufacturer UQM Technologies Inc. announced Meritor Inc. has chosen the company to supply its development and production plans for the 14Xe electric axle product line.
May 7, 2018Love’s Expands Along I-25, I-44 in Oklahoma, New Mexico
Love’s Travel Stops opened facilities in Oklahoma and New Mexico that, combined, add 121 truck parking spaces to interstates 44 and 25.
May 7, 2018Ceva Logistics Completes IPO, Shares Traded on SIX Swiss Exchange
Shares in Ceva Logistics began trading May 4 on the SIX Swiss Exchange in Zurich after a successful initial public offering of stock and the move by French ocean shipping line CMA CGM to acquire a 25% stake in the business.
May 4, 2018Canadian National to Buy 350 Center Beam Railcars
Canadian National Railway plans to purchase 350 73-foot center beam railcars to meet the growing demand for transporting lumber products, the Montreal-based railroad announced May 2.
May 3, 2018Editorial: A Relevant Conversation
The term “relevant” is used frequently to describe industries, products and services, and whether the subjects of those discussions have any relevance to modern society can cause fiery debate.
May 2, 2018Cummins Announces Mixed Results for 1Q, Raises Outlook for 2018
Heavy-equipment manufacturer Cummins on May 1 reported first-quarter 2018 net income of $325 million, or $1.96 per diluted share. That is a drop of $71 million and $0.40 per share compared with the first quarter of 2017.
May 1, 2018Dana Reports Rise in 1Q Net Income, Revenue
Dana Inc. reported April 30 first-quarter net income of $108 million, or 73 cents per share, on revenue of $2.1 billion, a 26% rise from $1.7 billion in the first quarter of 2017.
May 1, 2018Allison Transmission Income, Revenues Jump in First Quarter
Allison Transmission reported first-quarter 2018 net income of $151 million, or $1.09 per share, up 82% from the $83 million, or 53 cents per share, of net income reported in the first quarter of 2017.
April 30, 2018