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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 5, 2016 - Industry News

Truck Tires From China Could See Tariffs

By NuclearVacuum [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons

The International Trade Commission is looking into whether it should impose anti-dumping and countervailing duties, or tariffs, on truck and bus tires made in China.

Tags: China, Tires, 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

January 27, 2016 - Industry News

Volvo Group Reorganizes by Truck Brands

The Volvo Group is reorganizing based on truck brand, a move the Sweden-based global truck and engine maker says “offers clearer commercial accountability” for the group’s various truck brands.

Tags: Mack Trucks, People, Global, Volvo Group

November 18, 2015 - Industry News

Iveco Eurocargo Named International Truck of the Year

Iveco's new medium-duty Eurocargo has been chosen by European commercial vehicle journalists as International Truck of the Year 2016.

Tags: Iveco, Medium-Duty Trucks, International Truck of the Year, Awards, Global

November 16, 2015 - Industry News

Accuride Makes Changes to Support Going Global

Scott D. Hazlett has been promoted to president, Wheels.

Accuride announced Monday that it has realigned its organization and upgraded its leadership team to support the company’s plans to grow as a supplier of wheel-end products to the global commercial vehicle industry.

Tags: Leadership, Gunite, Wheels, Accuride, People, Global

November 3, 2015 - Global News

MAN Adds Light Commercial Van to Lineup

MAN Truck & Bus is teaming up with Volkswagen to add a new light commercial van to its product lineup, making the German-based company a full-range supplier offering commercial vehicles between 3 and 44 tons.

Tags: MAN Trucks, Volkswagen Commercial Vehicles, MAN TGE, Global

October 29, 2015 - Industry News

Cross-Border Freight Value Down More Than 8%

Percent change in value of U.S.-NAFTA freight flows by mode: August 2014 - 2015. Graphic: U.S. DOT

The value of freight moved between the U.S. and its neighbors Canada and Mexico fell in August, totaling $92.4 billion, thanks largely to the drop in fuel and oil prices moved by pipeline and vessel.

Tags: Canada, Economy, Cross-Border Trucking, Mexico, Railroads, Freight, Global

October 27, 2015 - Industry News

Volvo Group's New Boss on the Job

Martin Lundstedt and truck technician Patrik Granberg in vivid discussion. Photo: Tommy Holl

Martin Lundstedt, Volvo Group’s new president and CEO, held his first press meeting on his first morning on the new job Oct. 22 – and chose to do it outside of the usual corporate setting.

Tags: Leadership, Global, Volvo Group

June 30, 2015 - Global News

Renschler Named Chairman at Scania

Andreas Renschler. Photo courtesy Scania.

Andreas Renschler, the former head of commercial trucks for Daimler who went to work heading up Volkswagen's commercial truck operations earlier this year, has been appointed as the new chairman of the board of Scania.

Tags: People, Scania, Global, Volkswagen, MAN

June 29, 2015 - Industry News

Kuehne Nagel Purchases 3PL Provider ReTrans

Credit: Kuehne and Nagel Group

Memphis, Tenn.-based third party logistics provider ReTrans Inc. is being purchased by the Kuehne Nagel Group, the latest in a series of moves by companies extending their reach into trans-Atlantic freight.

Tags: Intermodal, Mergers & Acquisitions, Fleets, 3PL, Global

June 25, 2015 - Industry News

EPA SmartWay Plans to Expand Programs, Leadership Worldwide

Vision 2020 is a blueprint for building SmartWay's reputation and outreach to increase fuel efficiency and cut “black carbon” emissions worldwide.

Tags: Carbon Footprint, EPA SmartWay, Fuel Efficiency, EPA, Global, Emissions

June 11, 2015 - Industry News

'Electric Road' to be Tested in Sweden

Photo: Siemens

Next year, Sweden-based truck and bus maker Scania will start testing electric trucks on an electric road.

Tags: Alternative Fuels & Hybrids, Scania, Global

May 15, 2015 - Industry News

ZF Completes TRW Automotive Acquisition

John. C Plant, President and CEO of TRW (left), and ZF's CEO Stefan Sommer. Photo via ZF

ZF Friedrichshafen has completed its acquisition of TRW Automotive, the company announced. TRW and ZF will operate under the name ZF Friedrichshafen AG.

Tags: TRW Automotive, Global, Mergers & Acquisitions, ZF Friedrichshafen

May 13, 2015 - Industry News

Smith EV Returns with Chinese Funding

Photo via Smith EV

Smith Electric Vehicles is returning to the U.S market after it announced an agreement to form a joint venture with Hong Kong-based FDG Electric Vehicles.

Tags: Smith Electric Vehicles, China, Joint Venture, Battery-Electric Vehicles, Medium-Duty Trucks, Global

April 21, 2015 - Industry News

Paccar Increases First Quarter Profit 38%

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

U.S. Supplier Acquires Former European Counterpart

Burgaflex North America has acquired Burgaflex GmbH, a Germany-based supplier of tube and hose assemblies. Both companies were originally part of the Burgaflex Group, which was disbanded in 2010.

Tags: Europe, Mergers & Acquisitions, Suppliers, Global

April 7, 2015 - Global News

FedEx to Buy Dutch Parcel Carrier TNT Express

Photo: TNT Express

FedEx Corp. Tuesday announced it will buy European package company TNT Express for $4.8 billion, creating a strong third competitor in the European market.

Tags: Global, TNT Express, Mergers & Acquisitions, FedEx

March 27, 2015 - Industry News

Daimler Trucks Predicting Another Banner Year

The North American truck market continues to heat up, exceeding expectations, said Daimler Trucks North America head Martin Daum in a press briefing at the Mid-America Trucking Show -- and demand for the DT12 automated manual has far exceeded even Daum's optimistic goals.

Tags: Truck Sales, Daimler Trucks, Transmissions, Mid-America Trucking Show, Global, Daimler Trucks North America, Automated Manual Transmissions, MATS

February 17, 2015 - Industry News

Hyundai Could Bring Commercial Van to U.S.

Hyundai is targeting the European market with the new H350. Photo courtesy Hyundai Motor.

South Korean-based Hyundai announced it's making a big push in the commercial vehicle market, and published reports indicate it plans to introduce a van model into the U.S. market.

Tags: Hyundai, Cargo Vans, Global

February 5, 2015 - Industry News

Renschler Takes Over VW Trucks, Creating Speculation on Acquisitions

Andreas Renschler speaks at a 2012 event. Photo by Sven-Erik Lindstrand.

Former Daimler Trucks head Andreas Renschler started work this week as head of rival Volkswagen's trucks business, once again creating speculation that VW may look to North American shores as it works toward goals of expanding its global footprint.

Tags: Volkswagen, MAN, Scania, Global

January 26, 2015 - Industry News

Frost & Sullivan Offers Sunny Outlook for Electric, Hybrid Truck Market

Will overhead catenary lines fuel electric/hybrid truck growth in some specialized applications?

Declining fuel prices has reduced the attractiveness of hybrid and electric powertrains in commercial vehicles, yet the long-term regulatory and energy outlook shows promise for these systems.

Tags: Plug-In Hybrid Electric Vehicles, Frost & Sullivan, Battery-Electric Vehicles, Hybrid Trucks, Medium-Duty Trucks, Global

January 6, 2015 - Global News

China's Commercial Vehicle Market Remains Soft

The pace of China’s economy slowed in the third quarter of 2014, with growth of 7.3 percent on a year-over-year basis, according to the most recent "China Commercial Vehicle Outlook," jointly published quarterly by ACT and SIC, China’s State Information Center.

Tags: China, Commercial Vehicles, Economic Conditions, Global

January 5, 2015 - Global News

Volvo Acquires 45 Percent of Chinese Truck Manufacturer

Photo: Dongfeng Commercial Vehicles

AB Volvo completed the purchase of 45% of Chinese automotive manufacturer Dongfeng Commercial Vehicles, first announced two years ago.

Tags: China, DongFeng Commercial Vehicles, Volvo Group, Mergers & Acquisitions, Global

November 3, 2014 - Industry News

Intermodal Rail Traffic Has Third Busiest Week

Photo: Jim Park

The week ending Oct. 25, rail intermodal traffic was up 6.7% compared with the same week last year -- higher growth than that of rail traffic overall.

Tags: Railroads, Intermodal, Freight, Economy, NAFTA, Global

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