Truckload carrier U.S. Xpress announced May 8 it intends to pursue an initial public offering of its Class A common stock, and the Chattanooga, Tenn.-based company has submitted its paperwork to the U.S. Securities and Exchange Commission.
May 8, 2018Business
Inland Parts Expands in South Dakota
Inland Truck Parts & Service announced the acquisition of Logan鈥檚 Truck & Auto, a Rapid City, S.D.-based business that performs heavy- and light-duty truck service.
May 8, 2018Business
VTNA Offers Online Customization of VNR, VNL Models
Volvo Trucks North America has made available an online configurator tool for customizing eight new models in its VNR and VNL series.
May 7, 2018Business
Meritor Selects UQM to Supply Electric Axles
Electric motor manufacturer UQM Technologies Inc. announced Meritor Inc. has chosen the company to supply its development and production plans for the 14Xe electric axle product line.
May 7, 2018Business
Love鈥檚 Expands Along I-25, I-44 in Oklahoma, New Mexico
Love鈥檚 Travel Stops opened facilities in Oklahoma and New Mexico that, combined, add 121 truck parking spaces to interstates 44 and 25.
May 7, 2018Business
Ceva Logistics Completes IPO, Shares Traded on SIX Swiss Exchange
Shares in Ceva Logistics began trading May 4 on the SIX Swiss Exchange in Zurich after a successful initial public offering of stock and the move by French ocean shipping line CMA CGM to acquire a 25% stake in the business.
May 4, 2018BusinessEquipmentLogistics
Canadian National to Buy 350 Center Beam Railcars
Canadian National Railway plans to purchase 350 73-foot center beam railcars to meet the growing demand for transporting lumber products, the Montreal-based railroad announced May 2.
May 3, 2018Editorial
Editorial: A Relevant Conversation
The term 鈥渞elevant鈥 is used frequently to describe industries, products and services, and whether the subjects of those discussions have any relevance to modern society can cause fiery debate.
May 2, 2018Business
Cummins Announces Mixed Results for 1Q, Raises Outlook for 2018
Heavy-equipment manufacturer Cummins on May 1 reported first-quarter 2018 net income of $325 million, or $1.96 per diluted share. That is a drop of $71 million and $0.40 per share compared with the first quarter of 2017.
May 1, 2018BusinessEquipment
Dana Reports Rise in 1Q Net Income, Revenue
Dana Inc. reported April 30 first-quarter net income of $108 million, or 73 cents per share, on revenue of $2.1 billion, a 26% rise from $1.7 billion in the first quarter of 2017.
May 1, 2018