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Trucking business news
Caterpillar, Navistar to team up
Caterpillar Inc. and Navistar International Corp. have signed a Memorandum of Understanding (MOU) to cooperate on a number of engine platforms and pursue global on-highway truck business opportunities, the companies announced this morning...
More Fleet Owner business news
Road ahead bumpy and smooth for trucking
A mix of good and bad trends coming together in the next few quarters may create some positive karma for truckers, especially in the truckload sector, according to Donald Broughton, managing director-equity analyst and transportation, for Avondale Partners...
Daimler closing Sterling, reshaping North American operations
In a major restructuring of Daimler Trucks North America (DTNA), its parent Daimler AG announced that it will end production of the Sterling brand, close its Portland, OR, and St. Thomas, Ontario, truck plants, and move production of Western Star trucks to a new plant in Saltillo, Mexico...
Sterling Trucks era comes to an end
The discontinuation of the the Sterling Trucks brand marks the end of a decade-plus affiliation with Daimler Trucks North America, following the purchase of the brand from Ford in 1997...
Graves not sure if we’ve hit bottom yet
NEW ORLEANS. With Wall Street’s chaos as a backdrop, American Trucking Assns. (ATA) president & CEO Bill Graves told his members, “Things are not going well for our industry and we face some awfully tough times in the near future.”...
What the bailout could mean to trucking
According to trucking industry analysts, it is difficult to forecast exactly what impact the $700 billion financial-market bailout signed into law on Friday will have on credit availability and the trucking industry in general...
Trucking outlook negative across the board
Freight demand may not increase until 2010, truck and trailer orders are down and the economy doesn’t look to be rebounding anytime in the near future, according to FTR Associates’ North American Commercial Truck and Trailer Outlook Report...
AIG impact minimal on trucking insurance
The AIG bailout has shaken up Wall St. and significantly deflated financial confidence, but it will probably not have a large impact on trucking insurance, at least not in the near term, analysts said...
Fed lends $85 billion to save AIG
Believing that its failure would further weaken the financial market, the Federal Reserve Board has authorized the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG)...
Wall Street meltdown hurts trucking, too
The turmoil roiling top investment banks is colossal enough to further tamp down the anemic U.S. economy. The upshot for trucking is it will take even longer to get relief from tight credit-- not to mention to see any rise in the rate of consumer and business spending significant enough to boost the economy...
YRC merges Yellow, Roadway
YRC Worldwide has merged its two largest subsidiaries, Yellow Transportation and Roadway, in an attempt to reduce duplicate functions...
GM, Navistar deal appears dead
The tentative agreement in place under which Navistar would acquire General Motors’ medium-duty business has fallen through, Navistar announced today...
YRC acquires Chinese provider Jiayu Logistics
YRC Worldwide has announced that its wholly-owned subsidiary, YRC Logistics, has successfully concluded its acquisition of Chinese truckload and LTL provider Shanghai Jiayu Logistics Co., Ltd....
C.H. Robinson purchases Transera
C.H. Robinson Worldwide, Inc. has announced the acquisition of certain operating subsidiaries of Transera International Holdings Ltd., a Calgary-based project forwarding company...
ATA tonnage index up 1.3%
The American Trucking Assns. (ATA ) seasonally-adjusted for-hire truck tonnage index increased 1.3% in June, marking the second consecutive month-to-month gain...
Wabash buys Benson International
Wabash National Corp. has completed the acquisition of Benson International—a manufacturer of flatbeds, dump trailers and other truck bodies—for approximately $5 million...
Carriers try to remain upbeat despite negative reports
Second-quarter financial reports have shown mostly negative returns for trucking companies due to challenging conditions in the industry. To counteract heavy losses, carriers promise to increase efficiency in the months ahead to improve bottom line performance...
Trucking may be stabilizing
Fuel costs are still high and freight volumes remain sluggish, yet many carriers report that the market for their services is stabilizing – both in terms of capacity and, more importantly, rates...
Vigillo, Howell & Associates form alliance
Vigillo LLC has announced it has entered into an alliance with Howell & Associates...
Logistics experts launch new venture
Former Eagle Global Logistics founder & CEO Jim Crane is joining with other freight-forwarding experts in forming Crane Worldwide Logistics...
Stertil-Koni acquires two companies
Heavy-duty lift provider Stertil-Koni USA has announced two acquisitions by its parent company, Stertil B.V., acquiring ALM Corp. and Fleet America Service Technology...
American LaFrance reorganizes
American LaFrance has announced a major reorganization of its business following the company’s filing of Chapter 11 bankruptcy in January...
Motion Control, BRI form strategic partnership
Carlisle’s Motion Control division has announced the formation of a strategic partnership with Brake Resources Inc. (BRI)...
Nokia completes Navteq acquisition
Nokia has completed its previously announced acquisition of Navteq, valued at approximately $8.1 billion, Navteq announced...
Remaking YRC for the future
More TL service, fewer terminals and miles yet faster transit times, a new labor agreement to create a more flexible workforce, and a greater focus on international freight...
Credit tumbles
According to the National Association of Credit Management (NACM), the seasonally adjusted Combined Credit Manager’s Index fell 0.9% to 50.1% in June, “setting or tying a number of unpleasant records in the process,”...
Alvan Motor Freight shuts down
After 67 years in business, Kalamazoo, MI-based Alvan Motor Freight has shut down, the company announced on its web site this weekend...
Navistar back on NYSE
After bringing its financials up to date, Navistar International Corp. has returned to the New York Stock Exchange...
Schneider growing bulk services
Schneider National is expanding its bulk service to include local and regional service in five markets with more promised in the near future...
JHT Holdings files reorganization plan
The effects of the struggling economy on the trucking industry have hit JHT Holdings Inc., a holding company specializing in the transportation of heavy- and medium-duty trucks...
Discrete, Link It team up
Discrete Wireless, Inc. and Link It Software have announced a strategic partnership to develop web-based software geared towards reducing fuel consumption...
Wal-Mart orders 300 Cascadias
Daimler Trucks North America (DTNA) has announced that Wal-Mart has purchased 300 Freightliner Cascadia trucks equipped with Detroit Diesel DD15 engines...
Cummins, Navistar extend supply agreement
Diesel engine maker Cummins Inc. and Navistar International Corp. are extending their engine supply agreement for Class 8 on-highway diesel engines...
Battery developer gets $15 million in financing
Firefly Energy Inc., a developer of next-generation lead-acid battery technologies, announced this week that the company has completed a $15 million Series C equity round of financing...
Cory Home Delivery partners with Penske, Demountable Concepts
Cory Home Delivery has joined with Penske Truck Leasing and Demountable Concepts Inc. to help the home delivery specialist reduce costs...
Number-crunching the Cat deal
Statistics may lie, but cold hard numbers don’t. A close reading of data compiled by Wardsauto.com on factory installations of Class 8 engines for the first four months of 2008 shed light on yesterday’s Caterpillar-Navistar deal,...
