Hines Corp. Sells Crane Carrier, Kimble Mixer to Investment Firm
Hines Corp. has spun off its Specialty Vehicle Group, which consists of Crane Carrier Co., a maker of vocational truck chassis, and Kimble Mixer Co., a manufacturer of concrete pumping equipment used in construction, agriculture and oil and gas exploration. The business was acquired by Turnspire Capital Partners, a New York-based investment firm, and a group of company managers, according to a Jan. 2 press release.
January 7, 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.
Infrastructure, Trade Loom Large for Trucking in the New Year
Infrastructure and trade loom large for trucking in the year ahead as freight carriers adjust to a slower, but still positive, rate of economic growth in 2019, according to industry experts interviewed by Transport Topics.
January 4, 2019December Class 8 Orders Drop as 2018 Annual Volume Sets Record
North American Class 8 orders for December were 21,300, falling sharply from a year earlier but about at replacement level as production slots remain scarce and full-year orders set an all-time record.
January 4, 2019Great Western Leasing and Sales Acquires All Points Equipment Leasing
Great Western Leasing and Sales, a full-service solutions provider to the flatbed and specialized trailer industry, has announced the acquisition of All Points Equipment Leasing. The move represents Great Western’s first expansion into the Midwest market, according to a Dec. 26 press release.
January 4, 2019Volvo Trucks to Take $780 Million Charge Over Emissions Flaw
Volvo AB, the world’s second-largest truck maker, will set aside $780 million (7 billion kronor) to address a faulty emissions-control component that’s worn out more quickly than expected.
January 4, 2019Used Class 8 Prices Rise as Inventory Tightens and Demand Slows, ACT Reports
The price of the average used Class 8 truck in November rose by $8,000 to $47,675 compared with a year earlier as inventory tightened, ACT Research Co. reported, noting demand for the vehicles is slowing in some quarters.
January 3, 2019Trucker Buddy Program Helps Drivers, Students Form Special Bond
To a child, large trucks can seem intimidating and truck drivers might be viewed as tough and unfriendly. A program called Trucker Buddy International helps squash misconceptions by connecting school-aged children with drivers.
January 2, 2019FMCSA OKs Stoneridge Camera System as Alternative to Mirrors
The Federal Motor Carrier Safety Administration on Dec. 26 announced it has issued a five-year exemption to Stoneridge Inc. to allow its aftermarket MirrorEye mirrorless digital camera and sensor system to be installed on trucks and motorcoaches as an alternative to traditional mirrors.
December 28, 2018Freight Transportation Profits, Prospers
Without a doubt, 2018 was a banner year for trucking and almost every other form of freight transportation. Business investment took off, hiring picked up and freight volume soared with both domestic and international shipments sharing in the bounty.
December 27, 2018Report: US Miscalculated Benefit of Better Train Brakes
BILLINGS, Mont. — President Donald Trump’s administration miscalculated the potential benefits of putting better brakes on trains that haul explosive fuels when it scrapped an Obama-era rule over cost concerns, The Associated Press has found. A government analysis used to justify the cancellation omitted up to $117 million in estimated future damages from train derailments that could be avoided by using electronic brakes.
December 27, 2018