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Higher interest rates and diesel fuel prices, coupled with a driver shortage and increased supply of used trucks, will likely impact demand for on-highway truck engines in North America. But Caterpillar says it expects its engine sales to remain near 1999 levels with increased market share in the medium and heavy duty truck segments plus higher demand for other engines
Read More →Preliminary first quarter reports put Detroit Diesel Corp. revenues at $536 million and net income at $10.1 million
Read More →Meritor Automotive reported net income of $57 million for its fiscal 2000 second quarter, an increase of 14% over second quarter 1999
Read More →Core Materials Corp. says it has reached a tentative deal with Mack Trucks to manufacture and assemble fiberglass reinforced molded products for current and future Mack Class 8 models
Read More →Rollins Truck Leasing Corp. posted record net earnings of $14.4 million for its second fiscal quarter ending March 31 -- up 29% from the same period last year and a company record
Read More →Operating revenue at Smithway Motor Xpress Corp., Fort Dodge, IA, increased 7.3% to $50.7 million in the first quarter from $47.3 million during the same quarter in 1999. Net earnings were $238,000, or $0.05 per diluted share,
Read More →Canadian Teamsters began a job action at Overnite Transportation Company's eight terminals in Canada yesterday
Read More →The Teamsters union has filed a civil suit against ousted President Ron Carey and nine other individuals and groups. The union alleges racketeering, embezzlement, breach of fiduciary duties and legal malpractice in what it calls "a wide-ranging plot to loot the union treasury in order to bolster the 1996 re-election campaign of disgraced former Teamster General President Ron Carey." If successful, the union stands to recover more than $9 million
Read More →U.S. trucking companies aren't the only ones facing a severe shortage of qualified, trained truck drivers. A European trucking association says it's bad on the other side of the Atlantic, as well
Read More →The National Highway Traffic Safety Administration has announced the recall of nearly 1,000 Peterbilts for a possible engine fire problem
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