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Hendrickson announced it acquired the Motor Wheel brake drum and Crewson slack adjuster business segments from Stemco, which in June reported it is refocusing resources on its core wheel-end and king pin product lines.

Deere & Co., the largest maker of agricultural machinery, increased its sales outlook for the year as farm equipment demand remained resilient despite an “uncertain” market due to the coronavirus pandemic.

Confidence in the equipment finance market rose in August, according to the Equipment Leasing & Finance Foundation.

Day & Ross detailed the potential next steps of its multiyear expansion plan amid the completion of a new facility Aug. 19.

U.S. trailer orders climbed again in July, reaching 19,300, the most this year, FTR reported.

Fledgling electric vehicle developer Xos Trucks Inc. completed a new round of financing, raising $20 million from a group of investors.

Trac Intermodal on Aug. 17 announced that President and CEO Jennifer Polli is leaving the company and will be succeeded by Daniel Walsh, formerly of XPO Logistics.

Penske Truck Leasing announced that dedicated fleet services company Black Horse Carriers has joined its electric vehicle program.

Navistar announced its NEXT eMobility business unit will be located in a new facility in Rochester Hills, Mich.

Jacobs Vehicle Systems announced it will supply its compression release engine brake in China to Hino Motors Co. for its new 10.5-liter U11C diesel engine.