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Caterpillar has begun serving more vocational segments with its CT681, a Class 8 set-forward-axle model with “industrial” styling based on customer preferences, representatives said Thursday at a press briefing at Cat’s demonstration facility west of Peoria, Ill.
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A proposal that could eventually lead to higher insurance requirements for trucking companies is close to publication. An advanced notice of the proposal is under review by the White House Office of Management and Budget and can be expected to show up in the Federal Register this year.
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Global sales of medium and heavy duty vehicles should reach 7.1 million by 2035 from the 4.3 million that should be sold in 2014, according to a new report from Navigant Research.
Read More →Consumer spending in the U.S. declined in September for the first time in eight months, according to the U.S. Commerce Department.
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The FMCSA is accepting submissions for its 2015 “Be Ready. Be Buckled” student art contest to promote safety belt use. The contest is open to children from kindergarten through sixth grade.
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Less-than-truckload carrier Old Dominion Freight Line Inc. has announced a 29.5% increase in third quarter net income totaling $77.9 million.
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Cummins reported its third quarter revenue was $4.9 billion, a 15% increase from the third quarter of last year. Stronger demand for on-highway markets and distributor acquisitions in North America was a significant factor in revenue growth.
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Heavy Duty Trucking announced its second annual Top 50 Green Fleets at the Green Fleet Conference in Schaumburg, Ill., Thursday. A ceremony was held at the conference to honor these fleets for their sustainability efforts in areas such as fuel economy, alternative fuels and emissions.
Read More →One of the broadest measures of the health of the American economy shows it expanded at an annual rate of 3.5% in the third quarter of the year.
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Revenue for the quarter increased 10.5% to $193.4 million from $175.1 million a year earlier. Freight revenue, which excludes fuel surcharges, increased 11.1% to $157.7 million.
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