Ritchie Bros.’ Second-Quarter Income Dips
Ritchie Bros. Auctioneers said its second-quarter profit slipped from a year ago to $30 million, or 28 cents per share, from $31.3 million, or 29 cents, a year ago.
August 6, 2013E&MU: Turbo Maintenance: Keep It Cool, Keep It Lubed
Turbochargers are not typically a red-flag item on fleet maintenance agendas, but straying from routine service can set the stage for catastrophic failure, manufacturers and maintenance experts said.
March 26, 2013Dana Introduces New Heavy-Duty Driveshaft, Axle
Truck and auto component maker Dana Holding Corp. said it introduced a new driveshaft and inter-axle shaft, designed for greater torque and durability.
March 13, 2013Ritchie Bros. Reports Lower 4Q, Higher Full-Year Income
Ritchie Bros. Auctioneers said its fourth-quarter profit slipped from a year ago to $22.1 million, or 21 cents per share, from $26.8 million, or 25 cents, a year ago.
February 27, 2013Opinion: Timing Your Equipment Financing
Given today’s growing equipment demand and ongoing economic uncertainty, many businesses are finding noncash equipment financing to be a key acquisition strategy.
January 7, 2013Greenbrier’s 4Q Earnings Decline More Than 40%
Greenbrier Cos., which makes intermodal railcars and other freight equipment, said its fiscal fourth-quarter earnings fell more than 40% to $7.4 million as the market for some equipment eased.
November 14, 2012Component Manufacturers See Mixed 3Q Profits
Truck and automobile parts maker Visteon Corp. reported its third-quarter net income dropped and announced a $100 million restructuring, while Commercial Vehicle Group also provided a quarterly profit.
November 7, 2012More Equipment Financed in 2011, Survey Says
Equipment financing activity within the trucking industry rose to $4.17 billion in 2011, a 3.5% gain from $4.03 billion in 2010, the Equipment Leasing and Finance Association reported.
August 28, 2012Senate Nixes Bonus Depreciation Bill
The Senate has rejected a bill that would have brought back the bonus depreciation tax deduction for capital spending, a proposal backed by American Trucking Associations.
E&MU: High-Tech Tracking Keeps Parts Shelves Stocked and Ready
To keep their customers’ equipment up and running, truck dealers are increasingly relying on complex algorithms and predictive modeling to maintain inventory levels that will ensure they have the parts truckers need right when they need them, according to dealers and manufacturers.
January 23, 2012