Equipment
Commercial freight transportation is a machine-based business. Highly technical equipment and advanced engineering are at the center of supply chain and require constant innovation. Transport Topics equipment coverage focuses on the machines and other physical assets that make delivery possible. It looks closely at available truck, trailer, and chassis models, developments in the engineering space, and maintenance innovations and best practices.
Rush Enterprises Reports Mixed Q3 Results
Rush Enterprises Inc., with more than 100 truck dealership locations in 22 states, reported net income eased a bit while revenue rose in the third quarter as it notched nearly 6% of all new Class 8 sales nationally.
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Truck Makers Face Nearly $1 Billion in Price-Fixing Claims
Daimler AG, Volvo AB and other truck makers should be ordered to pay 867 million euro ($965 million) over a price-fixing cartel, according to lawyers in Germany for companies that were overcharged.
Tesla Shares Soar as Elon Musk Packs Profit Report With Positives
Elon Musk flipped the script on those who doubted Tesla Inc. could return to profitability and meet aggressive timelines, delivering positive earnings few saw coming and declaring he’s ahead of schedule on a new plant and product.
Daimler Rides Cars, Vans to Earnings, Revenue Gains
Daimler AG reported higher net income and revenue as sales of cars and vans rose, while truck sales globally fell 8% in the third quarter.
Caterpillar Rises as Company Cutting Production to Match Demand
Caterpillar Inc. shares rebounded as investors welcomed the move by the company to cut production, helping it navigate the global economic downturn.
With Eye on Future, Continental Opens Mississippi Tire Plant
German tire manufacturer Continental AG celebrated the grand opening of its first plant dedicated to truck tires, the company said in an Oct. 16 news release.
Layoffs Hit Stevens Tanker, Amazon Contractors
Closures and layoffs continue to vex the trucking industry in 2019, but three recent downsizings were attributed by the companies involved more to the vicissitudes of the energy, retail and final-mile industries than to a slowdown in the overall freight market.
Paccar Reports Higher Q3 Income, Revenue
Paccar Inc. reported higher third-quarter net income and revenue amid gains in sales of trucks and parts.
Konexial Acquires Axle Technologies’ ELD, Fleet Management Customers
Konexial Inc. acquired Axle Technologies’ complete roster of electronic logging device and fleet management customers, Konexial officials said Oct. 21.
October 21, 2019