Navistar Posts Fiscal 3Q Loss of $28 Million
Truck maker Navistar International Corp. posted a fiscal third-quarter loss of $28 million, or 34 cents a share, on revenue that declined to $2.54 billion, with one-time charges last year and currently contributing to the relative downturn.
September 2, 2015Kenworth Partners With Fastport, TCA on Recruitment of Military Veterans
KIRKLAND, Wash. — Kenworth Trucks Co. said it is partnering with Fastport and the Truckload Carriers Association in a bid to ramp up efforts to attract more military veterans to the trucking industry.
September 2, 2015Lockheed Martin Signs Investment Agreement With Peloton Technology
Peloton Technology, based in Mountain View, California, said it had reached an investment agreement with Lockheed Martin to accelerate Peloton’s development and deployment of truck-platooning technology for the U.S. and international trucking industries.
September 2, 2015Companies Added 190,000 Workers in August, ADP Reports
Companies in the United States added 190,000 workers to payrolls in August, figures from the ADP Research Institute in Roseland, New Jersey, showed Sept. 2.
September 2, 2015Truckers Smash Stereotypes With Boost From Women Outdriving Men
Female truckers are sliding into longhaul cabs as companies seek to end a U.S. driver shortage, and they’re proving to be better behind the wheel than men.
September 1, 2015US DOT to Nation: Send Your Pics of Failing Infrastructure
The U.S. Department of Transportation is asking people to continue to share photos of poor or aging infrastructure on social media, as part of a campaign aimed at pressuring Congress to advance a long-term highway bill this year.
September 1, 2015Westport, Fuel Systems Announce Merger
Westport Innovations Inc. and Fuel Systems Solutions Inc., suppliers of technology for natural gas-powered trucks, agreed on a merger valued at $351 million to capitalize on opportunities when alternative fuel markets improve.
September 1, 2015Element Completes Purchase of US Operations of GE Capital Fleet Services
Element Financial Corp. announced that it has completed the purchase of GE Capital’s fleet-management business in the United States and expects to close the purchase of similar operations in Mexico, Australia and New Zealand on Sept. 30.
September 1, 2015Daimler Reverses Brazil Truck Job Cuts by Reducing Hours Instead
Daimler AG reversed course on the 1,500 job cuts announced last week at its Brazilian truck-making division, saying it will scale back hours by 20% instead as demand shows no sign of improving.
September 1, 2015American Factories Expand at Slowest Pace in More Than Two Years
Manufacturing in the United States expanded in August at the slowest pace since May 2013 as anemic demand from emerging markets such as China translated into leaner factory order books.
September 1, 2015