Government, Business, Equipment, Logistics

Auto Industry’s Coronavirus Fears Shift From Supply to Demand

Cars in showroom Cars in a showroom. LMC Automotive cut its 2020 sales forecast for the U.S. by 300,000 cars to 16.5 million — the fewest since 2014. (Getty Images)

Automakers and suppliers across the globe have been scrambling to keep production going after the coronavirus shuttered parts plants across China. But now a bigger fear is emerging: Consumers may be in no mood to buy cars and trucks.

Gabrielle Coppola | Bloomberg News
March 9, 2020
Business, Equipment

Tenneco Names Brian Kesseler Sole CEO

Commercial vehicle supplier Tenneco Inc. announced co-CEO Brian Kesseler will assume the newly consolidated role of CEO.

January 10, 2020
Business, Technology, Equipment, Fuel

Suppliers Chart Path to Electric Future

Suppliers Lion's electric Class 8 truck, the Lion 8, on display at a previous industry show. (John Sommers II for Transport Topics)

Suppliers, service providers and truck makers unveiled alternative fuel-related initiatives in conjunction with the recent Advanced Clean Transportation Expo in Long Beach, Calif.

Roger Gilroy | Senior Reporter
April 26, 2019
Business, Equipment

Meritor Boosts First-Quarter Revenue, Net Income

Meritor eAxle A Meritor eAxle at a recent trucking industry trade show. (John Sommers II for Transport Topics)

Commercial vehicle supplier Meritor Inc. reported increased revenue and net income in its fiscal first quarter as well as new significant contracts with leading trailer makers.

Roger Gilroy | Senior Reporter
January 30, 2019
Business, Technology, Safety

Stoneridge Fills New Chief Technology Officer Post

Stoneridge booth at TMC 2018 The Stoneridge booth shows MirrorEye technology at the Technology & Maintenance Council's meeting in Atlanta in March. (John Sommers II for Transport Topics)

Commercial vehicle supplier Stoneridge Inc. appointed Laurent Borne chief technology officer, a newly created position.

August 24, 2018

Haldex Net Income Plunges in Second Quarter as Board Seeks to Curtail Takeover Bid

Haldex Haldex AB

Commercial vehicle supplier Haldex AB reported net income plummeted and revenue improved slightly in the second quarter, amid protracted efforts by rival supplier Knorr-Bremse Group to purchase the company.

Roger Gilroy | Senior Reporter
August 4, 2017

Meritor Rides Improving Industry Fundamentals to Higher Profit, Revenue

Meritor trade show display Meritor Inc.

Commercial vehicle supplier Meritor Inc. reported net income and revenue rose in its fiscal third quarter, driven by broad increases in truck production plus new business wins.

Roger Gilroy | Senior Reporter
August 3, 2017

Wal-Mart Will Punish Its Suppliers for Delivering Early

Wal-mart trailers George Frey/Bloomberg News

Long known for squeezing its vast network of suppliers, Wal-Mart Stores Inc. is about to step up the pressure. The focus this time is delivery scheduling, and the company’s not messing around. Two days late? That’ll earn you a fine. One day early? That’s a fine, too. Right on-time but goods aren’t packed properly? You guessed it — fined.

Matthew Boyle | Bloomberg News
July 12, 2017
Business, Equipment

Allison, Dana, Eaton See Higher Profits; Meritor Earnings Decline on Tax Expense

John Sommers II for TT

Three leading commercial vehicle suppliers notched quar­terly gains in net income and revenue for the period ended March 31, while a fourth sup­plier posted declines in both ­areas but expressed optimism that its financial performance would improve later this year.

Roger Gilroy | Senior Reporter
May 8, 2017
Business, Equipment

Suppliers Continue to Find Opportunities Despite OEMs’ Vertical Integration Push

John Sommers II for TT

Truck makers are putting their respective names on more and more of the key components in the Class 8 trucks they build, expanding on their earlier move into manufacturing proprietary engines. They’re now adding axles, transmissions, collision mitigation systems and even fluids.

Roger Gilroy | Senior Reporter
April 24, 2017