Kenworth, Toyota Partner to Develop 10 Hydrogen-Electric Trucks
LAS VEGAS — Kenworth Truck Co. and Toyota are collaborating to develop 10 hydrogen-electric tractors for drayage operations in the Los Angeles basin, the companies announced.
January 10, 2019CIT Northbridge Arranges $53.8 Million in Credit for Circle 8 Crane Services
CIT Group Inc., the financial holding company of CIT Bank, has announced that its financing unit served as the sole lead arranger on a $53.8 million senior secured credit facility for Circle 8 Crane Services, a full-service crane rental company serving the Southwest.
January 9, 2019Fleets Reap Riches by Expanding Into Last-Mile Service
Truck driver Justin Osborne pulled up to a house in the Dallas suburbs last month and started unloading an oven, a dishwasher and a microwave. His mission: Help J.B. Hunt Transport Services Inc. win the battle for new delivery riches spurred by e-commerce.
January 9, 2019Peterbilt Unveils Electric Medium-Duty Truck at CES
LAS VEGAS — Peterbilt Motors Co. has unveiled an all-electric medium-duty truck, adding a third model to its emerging electric-vehicle lineup.
January 8, 2019Savage Inland Marine Acquires Assets of Progressive Barge Line
Savage Inland Marine has acquired the assets of Progressive Barge Line, according to a Dec. 28 press release.
January 7, 2019OnDeck to Offer Equipment Finance Loans
OnDeck, an online lender for small businesses, has announced that it will begin offering equipment finance loans in 2019.
January 7, 2019DTNA Pushes Ahead With Automated Driving, Other New Technology on Flagship Cascadia
LAS VEGAS — Daimler Trucks North America announced SAE Level 2 automated driving will be available beginning in July on its flagship Freightliner Cascadia model, calling it an industry first.
January 7, 2019Hines Corp. Sells Crane Carrier, Kimble Mixer to Investment Firm
Hines Corp. has spun off its Specialty Vehicle Group, which consists of Crane Carrier Co., a maker of vocational truck chassis, and Kimble Mixer Co., a manufacturer of concrete pumping equipment used in construction, agriculture and oil and gas exploration. The business was acquired by Turnspire Capital Partners, a New York-based investment firm, and a group of company managers, according to a Jan. 2 press release.
January 7, 2019Infrastructure, Trade Loom Large for Trucking in the New Year
Infrastructure and trade loom large for trucking in the year ahead as freight carriers adjust to a slower, but still positive, rate of economic growth in 2019, according to industry experts interviewed by Transport Topics.
January 4, 2019December Class 8 Orders Drop as 2018 Annual Volume Sets Record
North American Class 8 orders for December were 21,300, falling sharply from a year earlier but about at replacement level as production slots remain scarce and full-year orders set an all-time record.
January 4, 2019