The Pete Store has purchased Peterbilt franchise rights for a significant portion of the state of Massachusetts.
Magnum Products Group has joined the Vipar Heavy Duty network of distributors as a stockholder, bringing additional distribution in the South and West Texas markets.
Large declines in the value of oil and other petroleum-related products during 2015 was reflected in a lower value of cross-border freight movements between the U.S. and its neighbors, according to new Transportation Department figures.
Following a raft of disappointing economic news, there are new encouraging signs about the health of the American economic, with improvements in some of the most closely watched measures – including the beleaguered manufacturing sector.
"Remaining a viable competitor in this market would require significant additional investment to develop and launch a complete portfolio of trucks, and upon an updated review, we determined there was not a sufficient market opportunity to justify the investment," an official said.
To strengthen strategic relationships and drive growth, Phillips 66 Lubricants will consolidate its Lubricant’s portfolio into two brands, Phillips 66 and Kendall Motor Oil.
The all-makes heavy-duty truck parts brand Road Choice Truck Parts recently expanded its authorized locations to more than 500 dealers and expanded its product portfolio.