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, 2019Equipment
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Business, Equipment
John Sommers II for Transport Topics
Kenworth Ontario Relocates Peterborough Facility
John Sommers II for Transport Topics
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
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 to Cut Thousands of Jobs by 2022
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.
December 2, 2019
Government, Business, Equipment
Getty Images
ELFA: October Equipment Financing and Leasing Up 14%
Getty Images
An index that measures equipment financing and leasing trends showed business activity in October up 14% year-over-year.
November 27, 2019
Government, Business, Equipment
Daniel Acker/Bloomberg
US Economy Grew at Moderate 2.1% Annual Rate Last Quarter
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
Nati Harnik/AP
Deere Shares Fall; New CEO Adopts Cautious Outlook
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.
November 27, 2019
Business, Equipment
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)
Price, Sales of Used Class 8 Trucks Drop 19%
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.
November 26, 2019
Business, Equipment
Workers at a Cummins factory. (Bloomberg News)
Cummins to Lay Off 2,000 Salaried Workers
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.
November 26, 2019
Business, Equipment
John Sommers II for Transport Topics
Longtime Wabash National Chairman Martin Jischke to Retire
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
The Tesla pickup truck unveiling. (Ringo H.W. Chiu/Associated Press)
Despite Unveiling Issues, Elon Musk Says Tesla Pickup Truck Orders Hit 200,000
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.
November 25, 2019