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Navistar International reported a worse fourth-quarter loss than expected, thanks in part to a spike in warranty costs along with the weakened truck demand affecting all truck makers. The Lisle, Ill.-based truck and engine maker reported a fourth quarter 2012 net loss of $2.8 billion, or $40.13 per diluted share, compared to fourth quarter 2011 net income of $255 million, or $3.48 per diluted share.
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The Rubber Manufacturers Association forecasts that original equipment truck tire numbers will end 2012 up by more than 5%, but growth will be slower for 2013. Replacement truck tires, on the other hand, are predicted to fall this year but rise in 2013. Increased demand for commercial trucks and trailers will boost OE medium/wide-base/heavy on-highway commercial truck tire shipments by more than 5% for 2012,
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The American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index jumped 3.7% in November. The first gain since July, it erased October's 3.7% drop
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Eaton Corp. named John Beering senior vice president and general manager, commercial vehicle transmission business, effective Jan. 1
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Sleepsafe Drivers, a national provider of sleep apnea diagnosis and treatment programs for the transportation industry, has added SleepWorks to its Sleep Provider Network, effective immediately
Read More →New Mexico officially became the 14th state to adopt Drivewyze PreClear as its new bypass service
Read More →SelecTrucks announces the addition of enhancements to its 60-Day buyer's assurance and select limited warranty for used Freightliner and Western Star trucks
Read More →FleetPride Inc., the nation's largest retailer of heavy-duty truck and trailer parts, has acquired the assets of Drake Supply Co
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Mahindra & Mahindra announced it will buy Navistar Group's stake in their joint venture companies for approximately $33 million.
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The New York State Thruway Authority, after many weeks of silence, announced that it will not be hiking toll rates as proposed by 45% on commercial vehicles with more than three axles
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