Class 8 Orders Still Rising 12 Months After Initial Surge Began
North American orders of Class 8 vehicles in October reached 43,600 and extended the cycle of strong demand that began a year ago, ACT Research Co. reported.
November 5, 2018Opinion: Get Involved to Build on Success in Industry
New chairman Barry Pottle: ATA has been criticized from the outside for catering to larger companies — but those of us on the inside, those of us who have rolled up our sleeves and gotten involved and gotten to work solving big issues, we know better. ATA speaks for our entire industry, but that voice is only as powerful as those who choose to join the chorus.
November 4, 2018ArcBest Reports Strong 3Q Earnings
For-hire carrier ArcBest on Nov. 1 reported its third-quarter net income was $40.8 million, or $1.58 per share, on revenue of $826.2 million. That compares with 2017’s net income of $14.8 million, or 57 cents a share, on revenue of $744.3 million.
November 2, 2018Rush Debuts Stock Repurchase of Up to $150 Million
Rush Enterprises Inc., the only publicly traded network of commercial vehicle dealerships in North America, announced a new stock repurchase program of up to $150 million of its shares of common stock.
November 2, 2018Exxon 3Q Profit Surges on Higher Energy Prices
DALLAS — Higher oil prices propelled Exxon’s third-quarter profit up 57% to $6.24 billion despite another drop in production. It was Exxon’s best third quarter since 2014, when the effects of a collapse in oil prices had not yet been felt, and a sign that Big Oil is coming back.
November 2, 2018Zonar, Cummins Partner on Engine Diagnostics
Fleet management services provider Zonar and engine maker Cummins Inc. announced that they are offering joint customers Cummins Connected Diagnostics with Connected Advisor, two wireless uptime technologies that are included with Cummins engines.
November 2, 2018Sacramento Gets $44 Million in Electric Vehicles
Eleven Sacramento apartment complexes will soon have shareable Volkswagen electric vehicles — the first benefit the state has received after the company was ordered to spend $800 million promoting EVs as part of a settlement for its 2015 emission scandal.
November 2, 2018Haldex, Wabash Sign Standard Position Agreement
Haldex and Wabash National Corp. announced an agreement through 2021 for Haldex to be the standard brake adjuster and actuator supplier on the Wabash, Transcraft, Benson, Brenner, Beall, Walker and bulk trailer brands.
November 2, 2018Paccar Parts Opens Distribution Center in Toronto
Paccar Parts opened a new 160,000-square-foot parts distribution center in Toronto, intended to increase parts availability and maximize uptime for customers across eastern Canada.
November 2, 2018U.S. Xpress Enterprises Posts Record Profits
U.S. Xpress Enterprises reported record profits in the third quarter as the company benefited from strong freight volumes and higher rates.
November 2, 2018