February 28, 2000 - Industry News
GE Capital Fleet Services has purchased the corporate and utility fleet leasing portfolio of Bank of America Leasing and Capital Group. The portfolio, which includes some 26,000 commercial trucks and cars nationwide, will become part of GE Capital Fleet Services' North American business.
February 25, 2000 - Industry News
After a four-day strike, Maine log truckers returned to work Friday after reaching an agreement with Irving Forest Products
Dump truck owner-operators are nearing the four-week mark of their wildcat strike in the Miami area as they try to get trucking brokers to commit to raising rates
The vice president of the nation's largest owner-operator association had some harsh words for truckers who formed rolling roadblocks last Wednesday on I-75 in Ohio to protest high diesel prices
While estimates vary on the total number of drivers using the Internet, one job-matching company says there's no doubt about the growth in Internet usage in the past year
With a record 4,500 blood units collected this year for the American Red Cross, NATSO member truckstop/travel plazas have topped the 25,000 unit mark since the inception of the "Drive To Save Lives" program six years ago
NATSO Inc. has elected a new Executive Committee for the year 2000, headed by James Cardwell Jr. of Petro Stopping Centers in El Paso, TX, as chairman
The NATSO Foundation has more than doubled its scholarship awards for 2000. This year, twelve $2,500 awards will go to truckstop employees and their legal dependents who have shown academic excellence
The Iowa 80 Group, Inc., which operates the world's largest truckstop in Walcott, IA, has created a web site that now gives it global visibility: www.iowa80group.com.
The site includes an historical view of Iowa 80, as well
Renault reported a 1999 net profit of 55.5 million euros (about $55.1 million in U.S. dollars) for Renault VI/Mack. That was 58% below 1998 profits for the heavy vehicle unit
Petro Stopping Centers L.P. reported income (before extraordinary items and an accounting change) of $4.1 million in 1999, down from $5.7 million in 1998. Total revenue rose from $653.4 million in 1998 to $719.9 million in 1999.
By the end of this year, every wireless phone manufactured by Motorola will be able to access the Internet. Motorola of Schaumburg, IL, the second-largest manufacturer of mobile phones in the world (after Nokia of Finland),
February 24, 2000 - Industry News
Truckers in northern Maine have been protesting against Irving Forest Products, saying that rates have changed little over the past 15 years despite increases in costs
HDATA, the new e-commerce initiative from HD America Inc., has grown to be the largest mover of electronic data and electronic services in the independent heavy duty aftermarket, according to president Patrick Biermann.
February 23, 2000 - Industry News
The average horsepower of new Class 8 truck engines continues to grow, according to statistics from Detroit Diesel.
An Idaho District Court has struck down the state's weight-distance tax reduced-rate provision, finding it violates the Commerce Clause of the U.S. Constitution
The buzzword of the Internet age is "direct." As in selling direct. Manufacturers are being urged to use the Internet to identify customers and eliminate the middlemen.
It's already happened in a big way with books, music
Navistar International will make a major announcement regarding its e-commerce strategy within the next month, Chairman, President and CEO John Horne said at a news conference following its annual meeting.
Peterbilt mega-dealer Rush Enterprises posted 1999 revenues of $808.4 million, up 31.9% from 1998, and net income of $16.2 million, up 50% from 1998.
With record sales for 1999 and seven straight years of market share growth, Mack Trucks is "as strong as it's been in our 100-year history," says president and ceo Michel Gigou.
"Welcome to Washington, truckers," came the greeting on the CB from a base station as a convoy of 200 to 300 trucks rolled into Washington, DC, yesterday to demonstrate over the fuel price crisis. One of
February 22, 2000 - Industry News
Volvo Trucks North America expects to sell about 30,000 Class 8 trucks in North America this year, according to company sources. That's about 12.5% below the company's 1999 sales of 34,303 units.
Sweden's AB Volvo delivered 4,658 trucks in January, down 19% from 5,738 in January 1999. Although sales declined wordwide the company said orders have increased slightly since the beginning of the year
The European Commission may be worried that Volvo's purchase of Scania will give the new group more than 90% of the Swedish truck market, but truck buyers say that if the merger brings steep prices they'll simply shop other manufacturers.
Associates First Capital Corp. has partnered with Entrade Inc. to begin financing and selling trucks online.
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