Class 8 Orders Steamroll Year-Over-Year, Up 81% to Surpass 18,000
North American Class 8 orders blasted through normal expectations in July, climbing 81% year-over-year in what is typically the slowest order month of the year, analysts said.
August 8, 2017Used-Truck Sales Up 17% in June as Inventories of Newer, Cheaper, Lower-Mileage Vehicles Grow
Sales of used heavy-duty trucks rose 17% in June as the average previously owned Class 8 truck was newer, had fewer miles and cost less than a year earlier.
August 8, 2017From Worst to Best: A Shipbuilder's Fortunes Turn Around
Yangzijiang Shipbuilding Holdings Ltd., which specializes in dry-bulk carriers, has rallied 83% in 2017 to lead the benchmark Straits Times Index. The Chinese shipbuilding firm has made a comeback after it won 13 contracts worth $318 million in the first quarter, about 40% of its $823 million worth of orders it won last year.
August 7, 2017Navistar to Cease Engine Production at Melrose Park Plant
Manufacturer Navistar International Corp. is phasing out the production of engines at its Melrose Park, Ill., plant and will turn the facility into a technical center for truck and engine testing.
August 3, 2017PeopleNet Adds Tire-Pressure Integration With Continental
Fleet telematics provider PeopleNet has added an integration with a tire pressure monitoring system from tire maker Continental Corp.
August 3, 2017Class 8 Orders Surge 81% in July, Top 18,000
Class 8 orders rolled on in July, climbing 81% year-over-year in what is typically the slowest order month of the year, analysts said.
August 3, 2017ALK Introduces PC Miler 31
ALK Technologies recently announced the availability of PC Miler 31, the latest version of its flagship truck routing, mileage and mapping software.
August 3, 2017Cummins Earnings, Revenue Gain in 2Q as Key Markets Improve
Independent engine maker Cummins Inc. notched gains in second-quarter net income and revenue, pointing to higher demand for trucks and construction equipment in North America and China as well as stronger sales to mining and oil and gas customers, according to the company.
August 1, 2017Caterpillar Seeks New CFO With Halverson to Retire Next Year
Caterpillar Inc. Chief Financial Officer Brad Halverson will retire in early 2018.
August 1, 2017GE to Cut 575 Jobs at Century-Old Locomotive Plant
General Electric Co. plans to end most locomotive manufacturing at a century-old Pennsylvania factory as the company looks to cut costs amid a sharp downturn in the domestic rail market.
July 31, 2017