Hendrickson Acquires Two Stemco Business Segments
Hendrickson announced it acquired the Motor Wheel brake drum and Crewson slack adjuster business segments from Stemco, which in June reported it is refocusing resources on its core wheel-end and king pin product lines.
August 24, 2020Deere Raises Outlook With Farm Demand Cushioning Downturn
Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year as farm equipment demand remained resilient despite an “uncertain” market due to the coronavirus pandemic.
August 21, 2020Equipment Finance Leaders Report Improved Confidence
Confidence in the equipment finance market rose in August, according to the Equipment Leasing & Finance Foundation.
August 20, 2020Day & Ross Continues Growth Plan by Expanding Into Ohio
Day & Ross detailed the potential next steps of its multiyear expansion plan amid the completion of a new facility Aug. 19.
August 20, 2020July Trailer Orders Keep Rising From COVID Bottom
U.S. trailer orders climbed again in July, reaching 19,300, the most this year, FTR reported.
August 18, 2020Xos Trucks Secures $20 Million in New Funding Round
Fledgling electric vehicle developer Xos Trucks Inc. completed a new round of financing, raising $20 million from a group of investors.
August 18, 2020Jennifer Polli to Step Down as Trac Intermodal CEO
Trac Intermodal on Aug. 17 announced that President and CEO Jennifer Polli is leaving the company and will be succeeded by Daniel Walsh, formerly of XPO Logistics.
August 17, 2020Black Horse Carriers Joins Penske’s Electric Vehicle Program
Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.
August 17, 2020Navistar Locates NEXT eMobility Unit in Michigan
Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.
August 14, 2020Jacobs to Supply Engine Brake to Hino in China
Jacobs Vehicle Systems announced it will supply its compression release engine brake in China to Hino Motors Co. for its new 10.5-liter U11C diesel engine.
August 14, 2020