February 4, 2016 - Industry News
Profit for engine maker Cummins fell sharply in the final quarter of last year due to lower global demand, leading it to scale down plans for its new light-duty engines in North America, while Daimler AG saw record profits for 2015,
Tags: Economy, Cummins, Daimler AG, Earnings, Daimler Trucks North America, Global
October 27, 2015 - Industry News
A major OEM announced it is cutting its workforce even though it’s still well in the black as it released third quarter earnings this week while a truck and engine maker reported continued higher numbers.
Tags: Economy, Kenworth, Cummins, Paccar, Peterbilt, Earnings, Paccar Financial
July 29, 2015 - Industry News
Wabash's second quarter earnings showed a big leap in profitability from a year ago. Meritor results were hampered by a strong dollar and weak overseas markets but were up on an adjusted basis.
Tags: Economy, Trailers, Earnings, Wabash National, Meritor
July 27, 2015 - Industry News
Truck component manufacturer Accuride achieved record profitability in the second quarter of the year and a big improvement from the first quarter.
Tags: Economy, Accuride, Earnings, Wheels
July 19, 2015 - Industry News
The parent to Volvo Trucks North America, Sweden’s Volvo Group, saw its second quarter net income double from a year ago, due in part to increased North American sales.
Tags: Economy, Volvo Trucks, Earnings, Volvo Group
July 8, 2015 - Industry News
The second quarter corporate earnings season kicked off Wednesday afternoon, with numbers from the truck wheel and lightweight metals producer Alcoa Inc. (AA) showing mixed results.
Tags: Earnings, Alcoa
June 4, 2015 - Industry News
Navistar International has reported a second-quarter 2015 net loss of $64 million, which compares favorably to the net loss of $297 million that it incurred for the same period a year ago, and showed a 38% increase in sales of Class 6-8 trucks and buses.
Tags: Navistar, International Trucks, Earnings
May 12, 2015 - Industry News
Natural gas engine provider Westport Innovations Inc. said last week it thinned financial losses in the second quarter of the year despite a 30% drop in revenue.
Tags: Natural Gas Engines, Earnings, Cummins Westport, Westport Innovations, Engines
April 28, 2015 - Industry News
Cummins Inc. reported its first quarter profit increased 14% from the same time a year ago, totaling $387 million, driven by stronger demand in on-highway markets and distributor acquisitions in North America.
Tags: Cummins, Earnings, Engines
April 27, 2015 - Industry News
Truck component supplier Accuride Corp. nearly broke even the first quarter of the year after losing more money a year earlier.
Tags: Accuride, Earnings, Wheels, Gunite
April 23, 2015 - Industry News
A big jump in truck sales helped push profits higher in the first quarter for the network of dealerships under the Rush Enterprises banner.
Tags: Truck Sales, Rush Enterprises, Dealers, Earnings
April 21, 2015 - Industry News
Paccar Inc. reported first quarter earnings of $378.4 million, a 38% gain from the same time a year ago, while net sales and financial services revenue increased 10% to $4.83 billion.
Tags: Paccar, Earnings, Global, DAF, Kenworth, Peterbilt
April 9, 2015 - Industry News
Alcoa reported strong profits for the first quarter, saying its transformation "is fully on course," and is bullish about the commercial vehicle market.
Tags: Alcoa, Earnings, Wheels
March 10, 2015 - Industry News
A supplier of cab-related products and systems for commercial trucks and other vehicles, Commercial Vehicle Group Inc., posted higher profits for the final quarter of 2014 while it moved back into the black for all of last year.
Tags: Commercial Vehicle Group, Earnings
March 9, 2015 - Industry News
Natural gas engine and vehicle manufacturer Westport Innovations Inc. on Monday released earnings for the final quarter of last year and all of 2014 showing it lost less money in both periods while revenue declined.
Tags: Earnings, Cummins Westport, Westport Innovations
March 3, 2015 - Industry News
Navistar International Corp. announced on Tuesday that it is still losing money, but nowhere near as much as it did a year earlier, thanks to higher sales and lower warranty costs.
Tags: Navistar, Earnings, Equity Markets
February 24, 2015 - Industry News
Donaldson released financial results for its fiscal second quarter ending at the close of January, showing a 14% drop in net earnings despite a small uptick in sales.
Tags: Earnings, Donaldson
February 19, 2015 - Industry News
The vehicle component manufacturer Dana Holding Corp. on Thursday reported net income for the final quarter of 2014 more than doubled from the same time a year earlier.
Tags: Dana Holding Corp., Earnings, Quarterly Report
February 18, 2015 - Industry News
Goodyear Tire & Rubber Co. on Tuesday announced its net income in the final quarter of 2014 skyrocketed above the level from the same time a year earlier, hitting $2.13 billion.
Tags: Goodyear, Earnings, Goodyear Tire & Rubber, Tires
February 12, 2015 - Industry News
One of the nation’s largest operators of commercial vehicle dealerships in North American said it set several records as it reported financial results this week.
Tags: Truck Sales, Rush Truck Centers, Rush Enterprises, Earnings
February 9, 2015 - Industry News
Allison Transmission Holdings Inc. on Monday reported gains in both profit and revenue for the final quarter of last year and for all of 2014.
Tags: Transmissions, Allison Transmission Holdings, Earnings
February 5, 2015 - Industry News
Cummins Inc. on Thursday reported record revenue in 2014 along with a respectable increase in the fourth quarter, due to improvements in the North American truck market.
Tags: Cummins, Earnings
February 3, 2015 - Industry News
Net income totaled $585 million compared to $482 while earnings per diluted share moved higher to $1.23 from $1.
Tags: Eaton Corp., Earnings
January 30, 2015 - Industry News
The truck and engine manufacturer Paccar Inc. on Friday reported record annual revenues of $18.99 billion and net income of $1.36 billion for 2014.
Tags: Kenworth, Paccar, Peterbilt, Earnings
January 28, 2015 - Industry News
Truck component manufacturer Meritor Inc. on Wednesday reported quarterly financial results showing a big increase in profit despite a small drop in sales.
Tags: Meritor, Earnings
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