Chinese truck maker making big moves in Mexico
Shacman Trucks plans to have five to six distributors in Mexico this year, as well as an assembly plant for Class 6-8 trucks by 2022.
Shacman Trucks plans to have five to six distributors in Mexico this year, as well as an assembly plant for Class 6-8 trucks by 2022.
Rush Enterprises, the largest seller of new and used trucks in the country, posted solid first quarter results but is concerned about coronavirus-related carnage to come.
Truck component supplier Meritor idles plants and cuts base salaries up to 50% to save the ship from rough seas.
In a peak demand year for Class 8 tractors, high-powered engines dominated under the hood, but even a new heavy-haul transmission from Eaton and Cummins doesn’t affect an accelerating trend toward smaller displacement as tougher emissions standards loom.
ACT Research cannot model downturn scenarios fast enough for Class 8 trucks, but high inventory levels make the coronavirus crisis a good time to take a production break as demand is practically nonexistent.
Class 8 truck manufacturers so far are staving off production cuts and layoffs, but they are watching their supply chains carefully for disruptions from the coronavirus that could further reduce already tepid demand for new equipment.
Rather than talk about the proposed TRATON buyout of the company — the elephant in the room — Navistar executives unpacked reasons behind the disappointing first fiscal quarter they had predicted.
Swollen inventories of heavy-duty trucks must shrink or manufacturers will need to cut production further to keep the industry order bank from declining further, ACT Research says.
Market Expert Mike Baudendistel looks at the prospects for the truck original equipment manufacturers in 2020.
Rush Enterprises Inc. (NASDAQ: RUSHA), which operates the largest network of commercial vehicle dealerships in North America, on Wednesday reported fourth-quarter revenue of $1.3 billion, compared to revenue of $1.5 billion for the fourth quarter of 2018. Net income for the fourth quarter was $23.8 million, or a profit of 64 cents per diluted share, […]
Engine maker Cummins already was predicting a difficult 2020 before the outbreak of the coronavirus in Wuhan, China, where Cummins’ manufacturing operations are shuttered.
Startup XStream Trucking is in early talks with two major truck manufacturers about its aerodynamic drag-reducing TruckWings, but its first distribution deal makes them optional on compressed natural gas conversions by Agility Fuel Solutions.
New fleet growth is slowing while used truck prices collapse. Is this the first sign of contracting trucking capacity?
Fleet failures and bankruptcies contributed to a 14% decline in prices in 2019.
Navistar International Corp. (NYSE: NAV) is regaining chunks of market share in medium- and heavy-duty trucks, winning back customers who walked away several years ago because they could not rely on the company’s products. Navistar has averaged a percentage point of additional core share a year since 2016. It is noteworthy in an expanding market […]
Navistar will cut 10% of its worldwide workforce even as it gained market share for the third consecutive year.
The power and fuel efficiency of truck engines continue to rise as their size and weight shrink.
Volvo Trucks North America will lay off about 700 workers in January, extending an industry pullback in production to match slowing orders of new Class 8 trucks.
The number of used Class 8 trucks for sale continues to grow as new equipment deliveries drain the backlog created during a 2018 order binge.
Hydrogen fuel cell electric truck maker Nikola Motor and Chinese battery-electric truck maker BYD teamed up to make an emissions-free beer delivery to the arena where the NHL Champion St. Louis Blues play hockey.