Navistar is recalling 8,002 more trucks for a connecting rod defect discovered in 2020, bringing to 23,802 the number of trucks included.
In 2020, five countries accounted for about 50% of the world’s total crude oil production
To better understand how automotive shippers are planning to evolve their strategies in these unique times, FreightWaves and Redwood Logistics partnered on a research initiative and will be exploring the findings of this study during an hour-long webinar on Tuesday, September 1 at 2pm ET.
If there’s a supply chain Jim Tompkins hasn’t seen, it hasn’t been invented. As the chairman and CEO of the international consultancy he founded in 1975, Tompkins has been at […]
When freight rates are terrible, even a slight improvement seems like an uptick. But a terrible market is still a terrible market. Capesize rates have marginally, slightly, improved… but they’re still dreadful. And the rest of the dry bulk shipping markets are doing their best to impersonate a submarine… they’re all steadily sinking. Ship scrapping that removes some excess tonnage may help rate recovery.
Ports, logistics and finance conglomerate China Merchants Port Holdings announced a massive jump in operating revenues and a rise in profits for the year ended December 31, 2018. Hong Kong Stock Exchange-listed China Merchants, which operates box and bulk ports primarily in China but also around the world, reported revenues of HK$10.16 billion (US$1.29 billion). That’s a 16.9 percent increase on the previous calendar year’s figure of HK$8.7 billion.
Navistar International Corporation’s first quarter revenues bounce on orders for new truck designs and a strong performance in the spare parts business.
January new truck orders have fallen 26 percent from December, continuing a trend that has developed after record-breaking months last year.
An Eaton clutch defect leads to a recall of International truck models and other OEMs may have to follow suit, plus Amazon Air takes off and intermodal growth being driven by inland ports.
International’s new CV Series of Class 4-5 trucks is designed to help smaller companies scale and give larger fleets the opportunity to expand their businesses with one truck maker.
International Trucks has introduced a new spec package for its LT Series that it says will increase fuel efficiency by up to 8%.
So much for the summer doldrums. New truck orders, which typically take a dip in the summer months as both carriers and OEMs reset for the fall, hit a new all-time high in July, according to the latest data from ACT Research.
Cummins Inc. announced record earnings for its second quarter this morning, and that news was immediately overshadowed by an engine recall that has already impacted 230,000 vehicles and now will encompass an additional 500,000 heavy-duty truck models.
Indian logistics industry is undergoing a technological evolution, and is looking to improve visibility and traceability into its supply chain, while also working on increasing capacity to handle its volume explosion.
Dale Huang, the CTO of COSCO Network e-Logistics spoke about the importance of blockchain in the logistics and shipping world and how he expects the technology to gain centerstage in the near future.
Navistar has rolled out a series of new products in the last few years and the strong overall economy is helping the once-beleaguered truck maker rebound with another strong performance in its second-quarter earnings, beating Wall Street estimates.
Volkswagen is talking openly about increasing its 16.9% share of Navistar and taking over the brand as a prelude to an IPO or debt sale for its Truck & Bus division in Q1 2019. VW ousted its CEO Müller last week and continues to roll out its new messaging.
Vehicle uptime has been an area that truck manufacturers have applied increased focus on in recent years, and that is no exception with Navistar.
International has made several enhancements to its flagship LoneStar truck to make it more driver-friendly and serviceable.
