July 31, 2014 - Industry News
Accuride Corp. says its Fix and Grow strategy is working, reporting operating income for the second quarter doubled year over year. The first half of 2014 is the first time it's reported positive net income since 2007.
Tags: Wheels, Accuride, Earnings, Brake Drums
Sales were down slightly for Meritor in its third fiscal quarter, but partly thanks to a settlement of an antitrust suit with Eaton, it saw net income of $234 million, compared to a net loss of $38 million in the same period last year.
Tags: Meritor, Aftermarket, Earnings
July 29, 2014 - Industry News
Peterbilt and Kenworth parent, Paccar, reported increased revenues and net income for the second quarter of 2014.
Tags: Kenworth, Paccar, Peterbilt, Earnings, Paccar Financial, Paccar Parts
July 24, 2014 - Industry News
Dana Holding Corp. saw sales and net income fall in the second quarter compared to a year ago, as stronger production levels in the North American light- and commercial-vehicle markets were tempered by slowing demand in South America and India.
Tags: Dana Holding Corp., Earnings
July 23, 2014 - Industry News
Net income hit $19.8 million, or 49 cents per diluted share, compared to $5.6 million, or 14 cents per diluted share from the same time a year ago.
Tags: Truck Sales, Rush Enterprises, Earnings
German truck and automaker Daimler AG reported Wednesday that it’s third quarter underlying profit, along with earnings, both increased in the second quarter of the year.
Tags: Daimler Trucks, Daimler AG, Earnings, Daimler Trucks North America
July 21, 2014 - Industry News
Volvo Group, the parent of Volvo Trucks North America, has been ordered to pay penalties and interest of approximately $74.1 million to the U.S. Environmental Protection Agency regarding emission compliance of the company’s marine diesel engines.
Tags: Volvo, Volvo Trucks, U.S. EPA, Earnings, Litigation, Emissions
June 9, 2014 - Industry News
Truck and engine maker Navistar International has reported a fiscal second quarter net loss of $297 million, or $3.65 per diluted share, compared to a fiscal second quarter 2013 net loss of $374 million, or $4.65 per diluted share.
Tags: Navistar, Earnings
May 1, 2014 - Industry News
The trucking operation, Arkansas Best, just renamed ArcBest, has reported a first quarter net loss of $2.9 million, or 11 cents per share, compared to a first quarter 2013 net loss of $13.4 million, or 52 cents per share.
Tags: Fleets, Earnings, Arkansas Best, Panther, ABF, ArcBest Corp.
Finances for the truck component maker Meritor have turned around compared to a year ago, with it reporting a small profit.
Tags: Meritor, Earnings
April 30, 2014 - Industry News
Profit for truck, engine and carmaker Daimler AG soared in the first quarter of the year, while competitor Volvo has reported a profit following a loss a year ago
Tags: Volvo, OEM, Volvo Trucks, Detroit Diesel, Freightliner, Western Star, Mack Trucks, Daimler Trucks, Daimler AG, Earnings, Daimler Trucks North America
April 29, 2014 - Industry News
The parent to truck makers Peterbilt and Kenworth, Paccar, has increased first quarter revenue along with net income and is predicting higher sales for the industry overall this year.
Tags: Kenworth, Paccar, Peterbilt, Earnings, OEM
April 22, 2014 - Industry News
The largest network of commercial truck dealers in North America saw a drop in its first quarter profit despite a 26.7% gain in its revenue.
Tags: Truck Sales, Rush Enterprises, Dealers, Earnings
March 5, 2014 - Industry News
Truck and engine maker Navistar International reported a wider first quarter loss than expected on Wednesday amid slower sales.
Tags: Navistar, OEM, Earnings
February 20, 2014 - Industry News
The parent of truck and auto component maker Dana saw a slight decline in both sales and profits last year, but still reported healthy numbers, according to just release figures.
Tags: OEM, Dana Holding Corp., Earnings, Dana
January 31, 2014 - Industry News
Paccar, the parent to truck makers Peterbilt and Kenworth, reported record revenue of $17.12 billion in 2013 compared to revenue of $17.05 billion the year before.
Tags: Kenworth, Paccar, OEM, Peterbilt, Earnings, Engines, Truck Sales
December 20, 2013 - Industry News
While Navistar has made substantial progress in its Drive to Deliver turnaround program, it still reported worse financial results for its fourth fiscal quarter than it had aimed for. Executives said the main culprits were industry truck sales levels that didn't pick up as soon as expected, and the continuing high warranty costs for its legacy all-EGR EPA-2010 engines.
Tags: EPA 2010, Navistar, SCR, International Trucks, Earnings, Engines, Emissions
October 30, 2013 - Industry News
Most of the nation’s heavy truck makers reported third quarter earnings this week, showing health profits, despite some showing a slip in sales compared to the same time a year ago.
Tags: Paccar, Navistar, Volvo Trucks, Daimler AG, Earnings, Daimler Trucks, Daimler Trucks North America, Kenworth, Mack Trucks, Peterbilt
September 17, 2013 - Industry News
Senior leaders of Cummins Inc. Tuesday shared their five-year plans for profitable growth, emphasizing the opportunities presented by tightening emissions regulations in many parts of the world and the acquisition of its distributors in North America.
Tags: Cummins, Earnings, Engines
September 4, 2013 - Industry News
Truck and engine manufacturer Navistar International announced a fiscal third quarter 2013 net loss of $247 million compared to third quarter 2012 net income of $84 million. Earlier this month, the company began implementing new cost-reduction initiatives, including a reduction in its workforce.
Tags: Cummins, Navistar, SCR, Earnings, Engines
December 19, 2012 - Industry News
Navistar International reported a worse fourth-quarter loss than expected, thanks in part to a spike in warranty costs along with the weakened truck demand affecting all truck makers.
The Lisle, Ill.-based truck and engine maker reported a fourth quarter 2012 net loss of $2.8 billion, or $40.13 per diluted share, compared to fourth quarter 2011 net income of $255 million, or $3.48 per diluted share.
Tags: Industry, Navistar, Earnings
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