Cummins Revises Down Its 4Q, Full-Year Earnings
Engine maker Cummins Inc. said Wednesday it has revised its previously announced fourth-quarter and full-year 2012 operating results down by $20 million, with net income reduced by $12 million, or 7 cents per share.
February 20, 2013Opinion: Always Track Fleet Maintenance Costs
There’s no real mystery as to why otherwise intelligent fleet operators so often negotiate full-service leases using only big, round numbers. Reason No. 1 is that they simply don’t know their actual, detailed maintenance costs.
February 18, 2013Goodyear Reports Lower 4Q Income
Goodyear Tire & Rubber Co. said its fourth-quarter income fell from a year earlier, citing a low-volume environment.
February 14, 2013American Axle’s 4Q Income Rises
American Axle & Manufacturing Holdings’ fourth-quarter net income rose to $319.9 million, or $4.21 per share — which included a $337.5 million tax benefit — from $31.1 million, or 41 cents, a year earlier.
February 14, 2013Cummins Adds Market Share as Navistar, Paccar Decline
Independent engine maker Cummins Inc. extended its lead as the primary supplier to the North American heavy-duty diesel truck market last year, growing its market share to 40.4%, from 39.1% in 2011, WardsAuto.com reported.
February 11, 2013Cummins’ 4Q Income Declines
Cummins Inc.’s fourth-quarter operating profit and sales fell on weaker North American trucking and construction markets, the engine maker said Wednesday.
February 6, 2013Eaton’s Fourth-Quarter Earnings Drop
Eaton Corp. said Tuesday its fourth-quarter earnings fell 50% on charges related to its $13 billion acquisition of Ireland-based Cooper Industries.
February 5, 2013December Used Truck Sales Decline, ACT Reports
Used Class 8 truck sales declined in December from a year earlier as vehicle prices increased and average mileage trickled lower, according to ACT Research.
February 4, 2013Meritor Reports Fiscal 1Q Loss
Meritor Inc. reported a loss for its fiscal first quarter, citing weaker conditions outside of North America.
January 30, 2013Fleets Turning to Aftermarket for Parts, to Avoid Shortages, Find New Products
LAS VEGAS — Fleet executives said they are turning to the aftermarket to avoid potential parts shortages and also are finding value in performing more maintenance in-house.
January 28, 2013