Opinion: Including Auctions in the Asset Management Plan
Owners of fleets or dealers with large inventories of tractors and trailers must have a disciplined approach to turning those assets into cash at the end of their depreciation schedule or inventory life. These assets represent some of the largest investments these parties make, and the equipment depreciates every day. The goal is to maximize return on investment and divest when the time is right.
November 7, 2018Rush Debuts Stock Repurchase of Up to $150 Million
Rush Enterprises Inc., the only publicly traded network of commercial vehicle dealerships in North America, announced a new stock repurchase program of up to $150 million of its shares of common stock.
November 2, 2018Haldex, Wabash Sign Standard Position Agreement
Haldex and Wabash National Corp. announced an agreement through 2021 for Haldex to be the standard brake adjuster and actuator supplier on the Wabash, Transcraft, Benson, Brenner, Beall, Walker and bulk trailer brands.
November 2, 2018Paccar Parts Opens Distribution Center in Toronto
Paccar Parts opened a new 160,000-square-foot parts distribution center in Toronto, intended to increase parts availability and maximize uptime for customers across eastern Canada.
November 2, 2018Wabash Posts Mixed Earnings as Backlog Sets Record
Trailer maker Wabash National Corp. posted its second-highest revenue ever in the third quarter, but the news wasn’t all good.
October 31, 2018Eaton Boosts Third-Quarter Sales by 4%
Power management company Eaton Corp. capped its third quarter with higher-than-expected profit margins but lower net income due to charge-offs related to an arbitration decision in August against certain business units of Cooper Industries, a company that Eaton acquired in 2012.
October 30, 2018Cummins Reports Record Earnings in Third Quarter
Cummins Inc. posted record profits and a 12% jump in revenue for the third quarter as demand for trucks, construction and power generation equipment improved.
October 30, 2018Dickinson Fleet Services Grows South Florida Presence
Fleet maintenance and management company Dickinson Fleet Services has acquired Fleet Technology & Maintenance Corp. and Truck City Body Co.
October 30, 2018Allison’s Net Income Jumps 50% in Third Quarter
Supplier Allison Transmission posted sizable third-quarter gains in net sales and net income, exceeding expectations and leading to projections that 2018 will be a record year for the company.
October 30, 2018Carrie Underwood, Florida Georgia Line Perform for Trucking Execs at Freightliner Dinner
AUSTIN, Texas — Country music superstars Carrie Underwood and Florida Georgia Line performed back-to-back sets at the legendary music venue Austin City Limits to cap off the 2018 Freightliner Trucks customer appreciation dinner.
October 30, 2018