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Navistar's Turnaround Progress Overshadowed by Warranty Problems

The International Lonestar was the final Class 8 model to get the Cummins ISX engine with SCR.

While Navistar has made substantial progress in its Drive to Deliver turnaround program, it still reported worse financial results for its fourth fiscal quarter than it had aimed for. Executives said the main culprits were industry truck sales levels that didn't pick up as soon as expected, and the continuing high warranty costs for its legacy all-EGR EPA-2010 engines.

Trucking Insurance Company Founder Indicted

Trucking Insurance Company Founder Indicted

The founder and one-time head of a group that sells insurance to truck drivers has been indicted by a federal grand jury for using numerous foreign trusts and secret Cayman Island bank accounts as part of a scheme to avoid paying more than $7 million in income taxes and for lying to federal authorities.

Andrews Logistics Acquires Andrews Transport

Andrews Logistics, an asset-based transportation and logistics company specializing in bulk liquid and hazardous materials transport, has acquired Andrews Transport LP, a bulk liquid petroleum and chemical products transportation provider based in Fort Worth, Texas.

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