Business, Equipment

Navistar Posts Best First-Quarter Gains Since 2010

Navistar A Navistar International LT truck. (John Sommers II for Transport Topics)

Navistar International Corp. reported higher net income and revenue as the parent company of International Truck posted its best fiscal-year first quarter since 2010.

Roger Gilroy | Staff Reporter
March 8, 2019

Class 8 Sales Boost Navistar Profit in ‘Breakout’ Year

Troy Clarke Navistar CEO Troy Clarke. (John Sommers II for Transport Topics)

Navistar International Corp. reported growth in net income, with a 39.2% increase in profit for its fiscal fourth quarter. The Lisle-Ill.-based original equipment manufacturer said 2018 was a strong year for the trucking industry and a “breakout year” for the company.

Jim Stinson | Staff Reporter
December 18, 2018
Government, Business, Equipment

Cerberus to Acquire 70% Interest in Navistar Defense

Navistar Defense vehicle Navistar Defense

Cerberus Capital Management, an investment firm specializing in credit, private equity and real estate, will acquire 70% interest in Navistar Defense, according to a Dec. 3 press release.

Transport Topics
December 4, 2018
Business, Technology

Economies of Scale Seen as a Benefit From Navistar-Traton Alliance

Navistar at IAA Navistar was one of the manufacturers to have a presence inside the hall where brands affiliated with or owned by Traton Group were on display. (Joe Howard/Transport Topics)

HANOVER, Germany — The partnership Navistar International has entered with Traton Group is opening up opportunities for economies of scale with procurement and technology development, Navistar executives said here during the IAA Commercial Vehicles show.

Joe Howard | Executive Editor
September 21, 2018
Business, Equipment, Logistics, TCA

Wheeler Trucking to Add 70 Jobs After Securing GM Contract

SPRINGFIELD, Ohio — A trucking firm with a growing presence in Springfield is planning to add close to 70 new jobs after securing a contract with GM as the sole firm to haul new medium-duty trucks being produced at Navistar’s Springfield facility.

Matt Sanctis | Dayton (Ohio) Daily News
September 18, 2018
Business, Equipment

Navistar’s Net Income, 3Q Revenue Surge on Market Enthusiasm for Trucks, Engines

An International 625LT An International 625LT at a 2018 trucking trade show. (John Sommers II for Transport Topics)

Navistar International Corp. reported a surge in net income and an 18% increase in revenue for its fiscal year third quarter, citing the market’s enthusiasm for its latest truck and engine products, and expressed confidence that current market conditions would continue into the first half of 2019 — and possibly beyond.

Roger Gilroy | Staff Reporter
September 6, 2018
Business, Equipment

Navistar Appoints VW Truck & Bus Executive Christian Schulz to Board

Truck maker Navistar International Corp. appointed Christian Schulz to its board of directors, effective immediately.

Transport Topics
August 15, 2018

Jeff Sass Leaves Navistar

Jeff Sass — who was most recently senior vice president, North America Truck Sales, Navistar Inc. — has left the company to pursue other opportunities, Transport Topics has learned.

Roger Gilroy | Staff Reporter
July 13, 2018
Business, Equipment

Navistar Posts 2Q Profit

Navistar LT Series over-the-road tractor LT Series on-highway tractor/Navistar

Truck and engine manufacturer Navistar International Corp. reported net income of $55 million, or 55 cents per diluted share, for the second quarter of 2018, rebounding from a net loss of $80 million, or 86 cents, in the year-ago period, the company announced

Joe Howard | Executive Editor
June 6, 2018
Business, Equipment

Navistar Sees Market Share Gains as VW Considers Stronger Links

Christopher Dilts/Bloomberg News

Navistar International Corp. is pivoting from a largely complete turnaround effort to seeking greater share in a robust U.S. truck market, potentially paving the way for closer ties or even a merger with alliance partner Volkswagen AG.

John Lippert and Christoph Rauwald | Bloomberg News
June 4, 2018