Volvo Sells UD Trucks Unit to Isuzu for $2.3 Billion
Volvo Group agreed to sell its UD Trucks unit to Isuzu Motors Ltd. for about $2.3 billion and announced plans to forge a strategic alliance with its Japanese rival, the latest sign of consolidation in the global automotive industry.
December 18, 2019Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
Medium-Duty Sales Skid in Typical November Fashion
U.S. sales of medium-duty trucks in November made the typical slide toward the end of the year, falling 7.4% from the 2018 period, WardsAuto .com reported.
December 18, 2019Ford to Add 3,000 Jobs in Detroit Area, Invest $1.45 Billion
DETROIT — Ford Motor Co. is adding 3,000 jobs at two factories in the Detroit area and investing $1.45 billion to build new pickup trucks, SUVs, and electric and autonomous vehicles.
December 17, 2019Toyota’s 2020 Forecast Nudges It Closer to Volkswagen
Toyota Motor Corp. is forecasting sales of 10.77 million vehicles worldwide during 2020, nudging it closer to No. 1 automaker Volkswagen AG.
December 17, 2019Navistar to Cut 1,300 Jobs; Lower Q4 Net Income, Revenue Reported
Navistar International Corp. reported lower net income and revenue in its fiscal year fourth quarter as the industry’s falling demand for heavy-duty trucks was amplified by other corporate factors, including very strong year-earlier chargeouts.
December 17, 2019Trailer Orders Fall Amid Concerns Over 2020
FTR reported preliminary net U.S. trailer orders for November dropped to 20,200 as fleets are becoming more cautious about freight conditions in 2020.
December 16, 2019Design Firm Adds Car-Haul Options
Ernest Dandridge Carrier Design Services Inc. announced it added electrification options to its adjustable enclosed car-hauling equipment, RAD/Auto Transport Modules, for use in vans from Kentucky Trailer.
December 16, 2019Northeast States Weigh Transportation and Climate Initiative
Massachusetts Gov. Charlie Baker is one of the leaders pushing for a regional program that would raise the price of gas while curbing greenhouse gas emissions from transportation.
December 16, 2019Tesla Zealotry on Street Fades as Focus Shifts to Fundamentals
The perpetual war between Tesla Inc.’s bears and bulls may finally be simmering down.
December 13, 2019Fleets Can Get Quality Equipment, Financial Flexibility With Used Trucks
Motor carriers that typically purchase new trucks sometimes find themselves in situations where it is expedient to buy used trucks.
December 11, 2019