Maintenance Costs Ease in Q4, Report From TMC, Decisiv Finds
NEW ORLEANS — Maintenance expenses in the trucking industry decreased 1.4% in the fourth quarter of 2023 compared with the prior quarter, driven by lower costs for parts.
Parts Supplier Forvia to Cut 10,000 Jobs, Look to AI
Auto parts supplier Forvia SE is poised to cut roughly 13% of its European workforce over the next five years, with plans to tap AI to better compete in the shift to electric cars.
Ambac Aftermarket Rebrands as Zillion Heavy Duty Parts
Ambac Aftermarket announced it has rebranded as Zillion Heavy Duty Parts, and the Elgin, S.C.-based company said the division plans to become a stand-alone company this year.
VMRS Portal Is Nearly Here
The Vehicle Maintenance Reporting Standards system is undergoing major updates, including an online portal and codes for electric vehicles.
Aftermarket Parts Costs Are Stabilizing
Industry leaders are pointing to several positive indicators that have caused a drop in aftermarket parts prices in the second quarter of 2023 from the first quarter.
Advance Auto Names New CEO Shane O’Kelly
Advance Auto Parts Inc. named a new CEO and started a strategic review of the business as it struggles to keep up with inflation.
Auto Parts Maker Shinhwa Plans Expansion at Alabama Facility
MONTGOMERY, Ala. — An auto parts supplier plans a $114 million investment to expand its facility in Alabama to support the production of electric vehicle parts, Gov. Kay Ivey’s office announced Aug. 15.
August 16, 2023Fleets Tackle Parts Shop Organization
Fleets share strategies on how to maintain parts inventory to eliminate downtime and other inefficiencies.
Parts, Labor Expenses Up More Than 8% Year-Over-Year in Q1
Maintenance parts and labor expenses for trucking companies across North America rose more than 8% year-over-year in the first quarter of 2023, according to a recently released study.
Apollo Will Take Parts Supplier Tenneco Private
Tenneco Inc. agreed to be acquired by affiliates of Apollo Global Management Inc., taking the auto parts supplier out of the public market after years of share declines and business upheaval.