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New business volume for financing or leasing heavy equipment was up 5% in 2019 from a year ago, according to the Equipment Leasing and Finance Association.

A federal judge in Chicago has granted final approval of a $135 million settlement between a court-certified class of an estimated 45,000 plaintiffs and Navistar Inc. in connection with the truck maker’s troubled model year 2011-2014 MaxxForce engines.

I Squared Capital acquired a majority stake in FlexiVan Leasing Inc., the private equity firm said. As a result, the company said it is merging FlexiVan with American Intermodal Management.

GRAPEVINE, Texas — Trucking could be in for a period of improved conditions with the North American trade agreement updated and U.S.-China trade tensions eased, industry leaders said.

While revenue and profits dipped in the fourth quarter, Paccar Inc. extended its streak of annual profitability to 81 consecutive years in 2019 as it posted records for net income and revenue.

BorgWarner Inc. agreed to acquire Delphi Technologies for about $1.5 billion in an all-stock deal that unites two auto suppliers positioning for the industry’s transformational shift to hybrid and electric vehicles.

Orders to U.S. factories for big-ticket manufactured goods rose in December as a big jump in demand for military aircraft offset a sharp decline in commercial aircraft that reflected Boeing’s continued problems with its 737 Max.

The high-volume, high-visibility International Roadcheck event will take place May 5-7, the Commercial Vehicle Safety Alliance announced Jan. 27.