One of the most recognizable names in the aluminum market offered little optimism for the industry as it’s rocked by the coronavirus crisis.
April 23, 2020Business, Equipment
Alcoa Cuts Supply and Pulls Outlook for Reeling Aluminum Market
Business, Equipment
Paccar Sees Q1 Net Income, Sales Fall
Paccar Inc. reported lower net income and revenue in the first quarter as it reacted to weaker demand and the coronavirus, leading to temporary plant closures and lower truck deliveries.
April 21, 2020Business, Equipment
Commercial Vehicle Production to Fall 20% Globally in 2020, IHS Forecasts
Global commercial vehicle production will plunge 20% this year compared with 2019, with the North American market slumping more than 30%, according to an analysis from IHS Markit.
April 20, 2020Business, Equipment, Safety
Wabash Announces Temporary Idling, Furlough
Wabash National Corp. announced plans to implement a two-week idling of operations and companywide furlough from April 20 to May 3.
April 20, 2020Business, Equipment
Phillips Industries Promotes Rob Phillips to CEO
Phillips Industries announced Rob Phillips succeeded his father, Bob Phillips, as CEO, effective March 15.
April 20, 2020Business, Equipment
Greenbrier Suspends Railcar Operations at Oregon Facility
The Greenbrier Cos. is cutting hundreds from its workforce and suspending railcar production at its Portland, Ore., facility due to the economic impact of the coronavirus, the company announced April 16.
April 20, 2020Business, Equipment
Navistar Extends Stoppage at Springfield, Ohio, Truck Plant
Navistar International Corp. extended the stoppage at its medium-duty truck assembly plant in Springfield, Ohio, through early May due to component supplier constraints.
April 20, 2020Business, Equipment
Dana Reduces Operating Costs Due to Lower Demand
Dana Inc. announced it significantly reduced operating costs, secured $500 million of incremental liquidity and temporarily suspended its quarterly dividend due to lower customer demand.
April 20, 2020Business, Equipment, Logistics
TireHub Relocates Two Texas Facilities
TireHub relocated two Texas logistics centers to provide expanded services and greater inventory, the company announced April 15.
April 17, 2020Business, Technology, Equipment, Top 50, Top 100
J.B. Hunt Reports Mixed Results for Q1
Truckload carrier J.B. Hunt Transport Services Inc. reported lower first-quarter net income on increased operating revenue on April 14.
April 16, 2020