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Business, Equipment

Kenworth Ontario Relocates Peterborough Facility

Kenworth grille John Sommers II for Transport Topics

Kenworth Ontario-Peterborough has relocated its full-service dealership to a newly constructed facility to enhance customer support, the company announced in a Nov. 25 news release.

December 2, 2019
Business, Technology, Equipment, Safety

P.S.I. Extends Warranty in Combination With SKF

Pressure Systems International announced it extended the parts coverage warranty on its automatic tire inflation system by two years when the system is used in combination with SKF’s Trouble-Free Operation system.

December 2, 2019
Business, Technology, Equipment

Daimler AG to Cut Thousands of Jobs by 2022

Daimler Equipment is set into a truck chassis at Freightliner's Cleveland, N.C., plant. Freightliner is a subsidiary of Daimler Trucks North America. (Freightliner via YouTube)

Daimler AG, the parent company of Mercedes-Benz and Daimler Trucks, announced it will eliminate thousands of jobs worldwide by the end of 2022 amid weakening car sales in China and the costly push to develop electric vehicles.

Roger Gilroy | Staff Reporter
December 2, 2019
Government, Business, Equipment

ELFA: October Equipment Financing and Leasing Up 14%

Signing documents Getty Images

An index that measures equipment financing and leasing trends showed business activity in October up 14% year-over-year.

Jim Stinson | Staff Reporter
November 27, 2019
Government, Business, Equipment

US Economy Grew at Moderate 2.1% Annual Rate Last Quarter

GM cars on sales lot Daniel Acker/Bloomberg

WASHINGTON — The U.S. economy grew at a moderate 2.1% rate over the summer, slightly faster than first estimated. But many economists say they think growth is slowing sharply in the current quarter.

November 27, 2019
Business, Equipment

Deere Shares Fall; New CEO Adopts Cautious Outlook

John Deere equipment Nati Harnik/AP

Deere & Co. delivered a more cautious outlook than expected for the year ahead as simmering U.S.-China trade tensions and difficult growing conditions keep North American farmers from replacing large equipment.

Lydia Mulvany | Bloomberg News
November 27, 2019
Business, Equipment

Price, Sales of Used Class 8 Trucks Drop 19%

A 2016 Kenworth T270 flatbed truck A 2016 Kenworth T270 flatbed truck at a dealership in Dallas. The average heavy-duty truck price in October was $37,981 compared with $45,313 a year ago. (Shutterstock)

The price of the average used Class 8 vehicle in October skidded, as did estimated industry sales, with each falling 19% compared with a year earlier, ACT Research reported.

Roger Gilroy | Staff Reporter
November 26, 2019
Business, Equipment

Cummins to Lay Off 2,000 Salaried Workers

Cummins Workers at a Cummins factory. (Bloomberg News)

Two thousand salaried Cummins employees will be laid off in the first quarter of 2020, the Columbus, Ind.-based engine manufacturer announced Nov. 25.

Dan Ronan | Associate News Editor
November 26, 2019
Business, Equipment

Longtime Wabash National Chairman Martin Jischke to Retire

Wabash booth at 2019 NACV John Sommers II for Transport Topics

Wabash National Corp., the nation’s largest manufacturer of trailers and liquid transportation systems, announced Nov. 25 that board Chairman Martin Jischke is retiring after the 2020 annual stockholder’s meeting.

November 25, 2019
Business, Technology, Equipment

Despite Unveiling Issues, Elon Musk Says Tesla Pickup Truck Orders Hit 200,000

Tesla Pickup Truck The Tesla pickup truck unveiling. (Ringo H.W. Chiu/Associated Press)

Tesla Inc. Chief Executive Officer Elon Musk said orders for its Cybertruck have climbed to 200,000 even after two windows unexpectedly shattered in the big reveal Nov. 21.

Dana Hull | Bloomberg News
November 25, 2019

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