New Truck Sales Set to Rise
Even as total heavy-duty truck capacity continued to decline during the third quarter, recent reports on registrations of new and used trucks, rising orders for new vehicles and slowing sales of used tractors appeared to set the stage for a renaissance in new-truck sales.
December 6, 2010Class 8 Sales Growth Slows as October Purchases Rise 2.5%
Broad-based growth in heavy-duty truck sales slowed in October, as Volvo and Daimler’s two brands grew by more than 40% each, but the four other major nameplates all slipped below their low October 2009 totals.
November 22, 2010Changes in LTLs’ Vocabulary Illustrate Improving Business
Unfamiliar words such as “stability” and “price increases” are creeping into the less-than-truckload sector’s vocabulary these days, after a turbulent two years of rate cutting, market-share swings and some astronomical losses.
November 15, 2010Arrow Trucking Employees to Get $2 Million in Back Pay
About 572 former employees of bankrupt flatbed carrier Arrow Trucking Co. will receive $2 million in back wages and benefits, the Tulsa World newspaper reported, citing court documents.
November 11, 2010Brown Trucking Buys N.C. Trucking, Logistics Firm
James Brown Contracting has acquired Durham, N.C.-based West Brothers’ Cos. a trucking, logistics and leasing of commercial fleet services in the Southeast. Terms were not disclosed.
November 8, 2010TravelCenters Reports Third-Quarter Profit
Truck stop chain TravelCenters of America Monday reported a third-quarter profit, compared with a loss a year ago, citing an improved margin in fuel price per gallon.
November 8, 2010Mack Seeks to Increase Sales of Over-the-Road Class 8 Trucks
LEHIGH VALLEY, Pa. — Mack Trucks’ leadership rallied the company’s sales force here, urging dealers to sell more Pinnacle highway tractors in addition to the traditional vocational offerings. The formula for success, the leaders said, would be new ClearTech SCR engines, M-Drive transmissions and a “Made in the USA” appeal to economic patriotism.
November 8, 2010Heavy-Duty Truck Orders Surge in September
Orders for new heavy-duty trucks jumped about 40% in September compared with the same month last year, an unexpectedly strong showing that analysts said resulted from a sharp boost in trucker confidence that sets the stage for a strong sales year in 2011.
November 1, 2010Opinion: Moving Forward Despite Industry Challenges
In 1933, my grandfather, James Russell Hahn, founded Hahn Transportation on the understanding that trucking was essential, especially to Maryland farmers who needed to move the crops from the fields to the canneries, the milk to the creameries, and coal or oil to the homes, schools and hospitals for heat.
October 29, 2010P.A.M. Reports Third-Quarter Loss
P.A.M. Transportation Services reported a third-quarter loss Wednesday, citing a softer freight market and increased costs.
October 27, 2010