Volvo Group reported a marginal increase in net income and a modest bump in revenue in the third quarter, citing slowing markets for trucks, construction equipment, and marine and industrial engines.
October 18, 2019Fleet Equipment News
Commercial freight transportation is a machine-based business. Highly technical equipment and advanced engineering are at the center of supply chain and require constant innovation. Transport Topics equipment coverage focuses on the machines and other physical assets that make delivery possible. It looks closely at available truck, trailer, and chassis models, developments in the engineering space, and maintenance innovations and best practices.
Volvo Reports Modest Gains in Q3 Net Income, Revenue
Volvo Braces for 2020 Slump as Truck Orders Hit the Brakes
Volvo Group is preparing for more output cuts after forecasting a slump in truck deliveries next year in North America and Europe on weaker demand.
October 18, 2019GM Workers Stay on Strike as Members Vote on New Contract
The United Auto Workers will continue striking against General Motors Co. until a tentative deal is ratified by members, extending its walkout for at least another week.
October 18, 2019Freightliner Catapults September Class 8 Sales to Record High
U.S. Class 8 retail sales punched through to an all-time record high of nearly 29,000 in September, WardsAuto.com reported, but analysts cautioned against reading it as a turnaround.
October 17, 2019Mack Strike to Idle Production at Volvo’s Virginia Plant
The ongoing Mack Trucks strike will temporarily idle the largest Volvo truck manufacturing facility in the world.
October 17, 2019Trucking Relies on Consumers, but Recession Fears Loom, Experts Say
PALM BEACH, Fla. — A leading consultant and top executives at three fleets outlined the state of the trucking industry and overall economy to trailer dealers and suppliers during a meeting here, with discussion focused on changing conditions and persistent concerns about softening demand.
October 17, 2019Group Organizing Rebuttal Effort to Revised Chassis Pool Plan at Ports
The simmering dispute between ocean shippers and trucking over the availability, price and quality of chassis has gotten a little hotter.
October 16, 2019Details Key for Lease-Purchase Deals; Drivers Urged to Do Their °®¶¹´«Ã½work
For drivers wary of the prices for new or gently used trucks, lease-purchase agreements can offer a path to eventual ownership, but researching the deal before signing on the dotted line is crucial to avoid potential financial pitfalls, experts said.
October 16, 2019GM Has Tentative Deal With UAW, Though Strike May Continue
General Motors Co. and the United Auto Workers have reached a tentative agreement on a new contract, and the union will decide Oct. 17 whether to continue a more than monthlong strike while the deal is voted on by members.
October 16, 2019Medium-Duty Gains in September Led by Class 7
U.S. retail sales of Class 4 through Class 7 trucks rose 5.8% in September compared with a year earlier, and included large gains in Freightliner sales of Class 7 vehicles.
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