Equipment

Economy

1  -  25  of  31

July 26, 2016 - Industry News

Earnings Watch: Hub, C.H. Robinson, Wabash National, Rush Enterprises

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

July 21, 2016 - Industry News

Earnings Watch: Daimler Profit Rises 3%, Dana Earnings Fall

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 20, 2016 - Industry News

Mack Weathering Sales ‘Correction’ Well, President Says

Photo: Mack Trucks

Moderating new truck production and trade-ins have avoided layoffs and a greater glut of used trucks on dealers' lots, Dennis Slagle says.

Tags: Economy, Truck Sales, Mack Trucks, Mack Granite

July 19, 2016 - Industry News

Earnings Watch: Volvo Says Net Profit Falls, Announces Fine in EU Probe

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 24, 2016 - Industry News

Trailers Orders Down 14% in May

Trailer orders fell nearly 14% month over month in May, coming close to earlier projections for a seasonal slowdown.

Tags: Economy, Trailers, ACT Research, Freight, Trailer Orders

June 6, 2016 - Industry News

Daimler Trucks to Cut 1,240 Jobs

DTNA has announced a workforce reduction across its North American production facilities, laying off about 1,240 workers in response to sustained reductions in truck orders.

Tags: Economy, Layoffs, Truck Orders, Daimler Trucks North America

May 3, 2016 - Industry News

Earnings Watch: Accuride Losses Widen, Cummins Profit Declines

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

Wabash National Profit Soars Nearly 163% from Year Ago

Photo: Wabash National

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 22, 2016 - Industry News

Earnings Watch: Daimler, Volvo Profits Lower Amid Slower Truck Sales

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

April 21, 2016 - Industry News

Earnings Watch: Lower Truck Sales Hit Dana, Rush Enterprises' Profits

A truck component manufacturer and one of the nation’s largest truck dealer networks continue the trend of many businesses reporting lower first quarter earnings as truck sales are down from a year ago.

Tags: Economy, Truck Sales, Aftermarket, Dana Holding Corp., Rush Enterprises, Dana Spicer

March 8, 2016 - Industry News

Earnings Watch: Navistar Losses Decline, Hit $33 Million

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 18, 2016 - Industry News

Earnings Watch: Dana Reports $82 Million Loss

Dana Holding Corp. moved from a profit to a loss in the fourth quarter of last year, as sales turned lower and it felt the effects of a strong U.S. dollar on overseas operations.

Tags: Economy, Dana Holding Corp., Quarterly Earnings

February 10, 2016 - Industry News

Earnings Watch: Forward Air, Rush Enterprises

A record-setting fourth quarter for trucking company Forward Air Corp. has it looking forward to a banner 2016, while Rush Enterprises is cost-cutting to compensate for the low truck sales in the energy sector in 2015.

Tags: Economy, Equipment, Truck Sales, Rush Truck Centers, Rush Enterprises, Forward Air, Fleet Earnings

February 5, 2016 - Industry News

Earnings Watch: Volvo Earnings Improve

Martin Lundstedt, president and CEO Photo: Tommy Holl

The parent company to Volvo, Mack and other truck brands is back in the black, according to earnings reports released Friday, but it plans to cut U.S. production as it nears the end of a four-year cost cutting plan.

Tags: Economy, Volvo Trucks, Quarterly Earnings, Global

February 4, 2016 - Industry News

Earnings Watch: Cummins Profit Sinks, Daimler Soars

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

February 3, 2016 - Industry News

Earnings Watch: Meritor, Eaton, Wabash National, ArcBest, C.H. Robinson

Earnings season continues this week and with it are the first numbers from major trucking suppliers, such as Meritor, Eaton and Wabash National, in addition to those from trucking operations ArcBest and C.H. Robinson.

Tags: Economy, Eaton, Meritor, Eaton Corp., ABF, Wabash National, C.H. Robinson, ArcBest Corp., Fleet Earnings

November 2, 2015 - Industry News

Fleets Expected to Match 2015 Equipment Orders Next Year

As many as 76% of fleets expect their upcoming heavy-duty truck orders to match what was purchased in 2015, with a few fleets planning an increase.

Tags: Economy, Survey, Truck Orders, Trailer Orders

October 27, 2015 - Industry News

Earnings Watch: Cummins, Paccar

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

October 1, 2015 - Industry News

Truck Demand May Be Slower Through 2016

After a strong end to 2014 and early 2015, the truck market has softened. With several unknown factors like regulations and fluctuating economic conditions, it looks like this trend may continue for a while.

Tags: Economy, Regulations, ACT Research, Truck Orders

August 26, 2015 - Industry News

Kenworth Execs Talk Trucks and Trucking

Kenworth GM Preston Feight talks with trucking reporters at Kenworth's headquarters. Photo: Deborah Lockridge

In a wide-ranging discussion with trucking journalists at its headquarters Tuesday, Kenworth executives shared their insights on topics ranging from autonomous trucks to the safety of the industry.

Tags: Economy, Kenworth, Truck Platooning, Autonomous Vehicles, Vertical Integration

July 29, 2015 - Industry News

Wabash Profit Increases, Meritor up on Adjusted Basis

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

Accuride Increases Second Quarter Profit

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

North America Helps Drive Volvo Profit Higher

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

March 6, 2015 - Industry News

Used Truck Sales 2nd Highest in a Decade, IHS Says

Class 8, the largest single segment, last year accounted for 271,000 units. 2010 was even stronger, with 320,000 Class 8 transactions.

Tags: Economy, Used Vehicle Sales, Used Truck Sales

August 21, 2014 - Industry News

Heavy Duty Truck Manufacturing Value Up More Than 50%

The total value of shipments in the heavy-duty truck manufacturing business have increased the most of three vehicle classes over the past five-years, according to new 2012 Economic Census statistics released Thursday by the U.S. Census Bureau.

Tags: SUV, Vans, Economy, Pickup Trucks, OEM, Light-Duty Trucks, Heavy-Duty Trucks, Vehicle Manufacturing, Manufacturing

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