$135 Million Settlement Approved in Navistar MaxxForce Engines Lawsuit
A federal judge in Chicago has granted final approval of a $135 million settlement between a court-certified class of an estimated 45,000 plaintiffs and Navistar Inc. in connection with the truck maker’s troubled model year 2011-2014 MaxxForce engines.
January 28, 2020Chassis Provider FlexiVan to Merge With American Intermodal Management
I Squared Capital acquired a majority stake in FlexiVan Leasing Inc., the private equity firm said. As a result, the company said it is merging FlexiVan with American Intermodal Management.
January 28, 2020Whiting Door Manufacturing Co-Founder Lauren Whiting Dies at 95
Whiting Door Manufacturing co-founder Lauren Whiting died Jan. 25 at the age of 95, according to the company.
January 28, 2020Trade Agreements May Bring Stability to Trucking
GRAPEVINE, Texas — Trucking could be in for a period of improved conditions with the North American trade agreement updated and U.S.-China trade tensions eased, industry leaders said.
January 28, 2020Paccar Q4 Net Income Slips, but Annual Profit, Revenue Hit Records
While revenue and profits dipped in the fourth quarter, Paccar Inc. extended its streak of annual profitability to 81 consecutive years in 2019 as it posted records for net income and revenue.
January 28, 2020BorgWarner to Buy Delphi for $1.5B in Auto Parts Deal
BorgWarner Inc. agreed to acquire Delphi Technologies for about $1.5 billion in an all-stock deal that unites two auto suppliers positioning for the industry’s transformational shift to hybrid and electric vehicles.
January 28, 2020Orders for US Durable Goods Advance 2.4% in December
Orders to U.S. factories for big-ticket manufactured goods rose in December as a big jump in demand for military aircraft offset a sharp decline in commercial aircraft that reflected Boeing’s continued problems with its 737 Max.
January 28, 2020International Roadcheck Set for May 5-7 by CVSA
The high-volume, high-visibility International Roadcheck event will take place May 5-7, the Commercial Vehicle Safety Alliance announced Jan. 27.
January 27, 2020Vipar Network Gains Indiana Parts Shop
Vipar Heavy Duty has expanded its network of partner shops with the addition of Rowe Truck Equipment, the company announced Jan. 24.
January 27, 2020SAF-Holland Adds to Customer Services With New Digital Catalog
GRAPEVINE, Texas — SAF-Holland will relaunch its aftermarket parts-on-demand electronic catalog in a more comprehensive and user-friendly digital format, POD Plus. The company said the new catalog would be available to all of its distribution channel in the second quarter, calling it another step in SAF-Holland’s digital transformation.
January 27, 2020