Equipment

The U.S. average retail price of diesel fell 5.4 cents to $2.956 a gallon, the Department of Energy reported Feb. 3.

To compensate for a slowdown in new equipment sales, truck dealers are turning their attention to parts and services as well as other revenue and profit generators.

Ryder System Inc. will expand its ride-sharing program for trucks to meet growing demand, the Miami-based company announced Feb. 3.

Wabco Holdings Inc. announced its expanded product and service online platform will launch in March, enabling customers to access its replacement components and retrofit kits.

Caterpillar Inc., a worldwide barometer for manufacturing, is warning of more pain to come for the global economy in 2020.

Volvo Group reported flat revenue and stronger net income in the fourth quarter compared with a year earlier as deliveries of construction equipment and buses grew and truck deliveries declined.

Heavy-haul trailer maker Talbert Manufacturing introduced its 65SA modular trailer that incorporates multiple axle configurations, based on customer requirements, for optimum versatility and regulatory compliance.

Commercial vehicle supplier Meritor Inc. reported lower net income and revenue for its fiscal-year first quarter, citing rapid declines in global end markets and restructuring costs, among other factors — at the same time highlighting its growing business opportunities with electric vehicles.

SALEM, Va. — Mack Trucks opened a facility to produce a new series of medium-duty trucks in southwest Virginia.

Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion.