July 26, 2016 - Industry News
The second quarter earnings season continued on Tuesday with companies ranging from a fleet and 3PL to a trailer maker and mega-dealer, with all but one reporting higher earnings than the same time last year.
Tags: Economy, Truck Sales, 3PL, Rush Enterprises, Earnings, Wabash National, C.H. Robinson, Hub Group, Fleet Earnings
UPDATED -- The parent company of truck makers Kenworth and Peterbilt reported an increase in second quarter earnings despite lower revenue, but it's in the red for the first half of the year due to a big fine.
Tags: Earnings, Paccar, Truck Sales
July 21, 2016 - Industry News
Car and truck maker Daimler AG reported a slight increase in its second quarter profit, but it expects significantly lower truck sales for this year. Meanwhile, one supplier is feeling the effects of the slowing North American commercial vehicle market.
Tags: Economy, Detroit Diesel, Freightliner, Western Star, Daimler Trucks, Daimler AG, Dana Holding Corp., Earnings, Daimler Trucks North America
July 19, 2016 - Industry News
The Swedish parent to truck brands Volvo, Mack and others reported its second quarter profit slid from a year ago due to lower sales in many parts of the world and has downwardly revised its expectations in North America.
Tags: Volvo, Economy, Volvo Trucks, Earnings, European Union, Volvo Trucks North America, Global
June 7, 2016 - Industry News
Strong parts sales offset slumps in other areas, but softening of the North American truck market will make continued profits doubtful, the company said.
Tags: Navistar, Financial Report, Earnings, Quarterly Report, Quarterly Earnings
May 3, 2016 - Industry News
Lower North American truck sales led to lower financials compared to a year ago for two Indiana-based companies.
Tags: Economy, Cummins, Accuride, Earnings
April 27, 2016 - Industry News
Setting new records in a variety of different categories allowed trailer manufacturer Wabash National Corp. to report more than doubled first quarter profit over a year ago.
Tags: Economy, Trailers, Earnings, Wabash National
April 26, 2016 - Industry News
A European price-fixing investigation led to a first-quarter loss for truck and engine maker Paccar, while Allison Transmission reported lower numbers.
Tags: Kenworth, Paccar, Peterbilt, Allison Transmission, Earnings
April 22, 2016 - Industry News
Earnings for two of the world’s largest truck makers moved lower in the first quarter, according to earnings reports issued Friday.
Tags: Volvo, Economy, Freightliner, Western Star, Truck Sales, Mack Trucks, Daimler AG, Earnings, Daimler Trucks North America, Volvo Trucks North America, Global
March 8, 2016 - Industry News
Truck and engine manufacturer Navistar International Corp. on Tuesday surprised many analysts with its announcement that it narrowed its losses more than expected during its most recent fiscal quarter.
Tags: Economy, Navistar, International Trucks, Earnings
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, 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
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