Michael G. Malloy

Business

Eaton, Meritor Report Higher Earnings; Meritor Appoints CEO

Component makers Eaton Corp. and Meritor Inc. reported higher earnings for their most recent fiscal quarters, with both companies citing a strong North American truck market, and Meritor appointed a new CEO.

Michael G. Malloy | Web Editor
April 29, 2015
Business, Equipment

Cummins’ 1Q Profit Rises on Higher North American Engine Sales

Luke Sharrett/Bloomberg News

Engine maker Cummins Inc. said first-quarter profit rose on higher engine sales in North America.

Michael G. Malloy | Web Editor
April 28, 2015
Business, Fuel

Diesel Price Rises for Second Week, Gaining 3.1¢ to $2.811

Thinkstock

Diesel’s national average price rose 3.1 cents to $2.811 a gallon, the second consecutive increase, while gasoline jumped to a five-month high, the Department of Energy reported April 27.

Michael G. Malloy | Web Editor
April 27, 2015
Business

Con-way Freight’s Buffalo Workers Vote Against Teamsters Union Representation

Con-way Inc.

Employees at Con-way Freight’s Buffalo, New York, facility voted to reject representation by the Teamsters union, the company said.

Michael G. Malloy | Web Editor
April 23, 2015
Business

Ritchie Bros. Plans Largest Canadian Auction April 28-May 1

2014 Auction Scene by Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers is set to hold its largest Canadian auction next week, and the downturn in the energy sector is playing a significant role in adding equipment to the auction block, according to Ritchie and Canadian industry officials.

Michael G. Malloy | Web Editor
April 23, 2015
Business

Rush Enterprises’ 1Q Profit Gains on Higher Truck Sales

Rush Enterprises

Truck dealership chain Rush Enterprises’ first-quarter net income rose as its Class 8 truck sales jumped more than 50% year-over-year.

Michael G. Malloy | Web Editor
April 22, 2015
Business

Paccar’s 1Q Earnings Rise 38%

TruckPR

Paccar Inc. reported first-quarter income rose 38% from a year go on higher truck sales, and the company predicted higher industrywide U.S. and Canadian heavy-duty truck sales for this year.

Michael G. Malloy | Web Editor
April 21, 2015
Business

Rush to Adopt Software From IBM for All Dealers

Rush Enterprises

IBM and Rush Enterprises announced that Rush’s nationwide network of more than 100 truck dealership locations will use IBM DealerWorks enterprise software to provide real-time access to customers.

Michael G. Malloy | Web Editor
April 21, 2015
Business, Fuel

Diesel Rises 2.6¢ to $2.78 in First Gain in Six Weeks

Daniel Acker/Bloomberg News

Diesel’s national average price rose 2.6 cents to $2.78 a gallon, the first gain in six weeks, as oil prices held near their highest level this year, the Department of Energy reported April 20.

Michael G. Malloy | Web Editor
April 20, 2015
Business

Celadon Names Executives to New Appointments

Great Dane

Celadon Group Inc. announced several promotions within to its senior management team. The changes are effective immediately.

Michael G. Malloy | Web Editor
April 17, 2015

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