OEMs, Suppliers Tested by Falling Sales, Generate Mixed Second-Quarter Results
Truck and trailer makers are usually profitable during the second quarter, but original equipment manufacturers and their largest suppliers reported they had to cope with falling sales year-over-year.
August 8, 2016June Trailer Orders Plunge 50%
U.S. trailer orders in June sank about 50% from especially robust volumes a year earlier, as the stagnant freight market also prompted a spike in cancellations and a sharp decline in backlog, analysts said.
August 8, 2016Jumbo Cargo Ships Crossing Daily as Panama Canal Use Ramps Up
Initial containership traffic through the expanded Panama Canal is averaging about one larger vessel per day during a ramp-up period that should be followed by exponential growth in the months and years ahead.
August 8, 2016UPS Raises 2Q Net Income on Higher Package Volume
UPS Inc. boosted net income in the second quarter by 3.2% to $1.27 billion, or $1.43 per share, helped by internal company improvements as well as stronger international and domestic package profitability.
August 8, 2016Cummins Unveils Next-Generation X15 Series
EAST LIBERTY, Ohio — Cummins Inc. unveiled its 2017 engine lineup here, the new X15 series, with efficiency and performance models, as well as a new X12 planned for 2018.
August 8, 2016Trucking Pioneer Cochrane Dies at 103; Founded Overnite
J. Harwood Cochrane, the “greatest LTL trucker” of them all, who entered freight transportation by driving a horse-drawn carriage, founded Overnite Transportation Co. during the Great Depression and sold it to Union Pacific Corp. for $1.2 billion in 1986, died July 25 at the age of 103 in Richmond, Virginia.
August 8, 2016XPO, YRC Post Profits in 2nd Quarter
Second-quarter earnings rose at YRC Worldwide and XPO Logistics’ less-than-truckload unit, but results of other publicly traded carriers slipped along with the struggling U.S. industrial sector.
August 8, 2016DTNA to Start Medium-Duty Engine Production
YOUNTVILLE, Calif. — Daimler Trucks North America announced its Detroit-branded DD5 medium-duty engine will officially hit the market later this year in the Freightliner M2 106 model.
August 8, 2016TT Wins National Award From ASBPE
Transport Topics won the bronze prize of the 2016 Azbee Awards of Excellence from the American Society of Business Publication Editors.
August 8, 2016Poll Shows Majority of Americans Think Vehicles Contribute to Air Pollution
More than three-quarters of Americans said they think cars and trucks are contributing factors to air pollution, according to a poll by the Natural Resources Defense Council published Aug. 4.
August 5, 2016