Tesla Inc. appointed a director who鈥檚 been on its board for years to replace Elon Musk as chairman, stirring suspicion as to whether the mercurial CEO will be restrained after costly run-ins with securities regulators.
November 8, 2018BusinessTechnologyEquipmentSafety
International Extends Commercial Truck Lineup With Classes 4-5 CV Series
CHICAGO 鈥 International Truck, a unit of Navistar Inc., launched its International CV Series Nov. 7 by underscoring it is 鈥渢he only鈥 Classes 4-5 truck designed, distributed and supported by a manufacturer specializing in commercial vehicles.
November 7, 2018BusinessEquipment
Heil Trailer, Polar Tank Trailer Partner With Tankmax
Heil Trailer International and Polar Tank Trailer have announced a partnership with Tankmax Inc., a tank trailer dealer headquartered in Pasco, Wash. The move is designed to help the two brands expand a presence in the northwest region.
November 7, 2018BusinessEquipmentPerspective
Opinion: Including Auctions in the Asset Management Plan
Owners of fleets or dealers with large inventories of tractors and trailers must have a disciplined approach to turning those assets into cash at the end of their depreciation schedule or inventory life. These assets represent some of the largest investments these parties make, and the equipment depreciates every day. The goal is to maximize return on investment and divest when the time is right.
November 7, 2018BusinessEquipment
Rush Debuts Stock Repurchase of Up to $150 Million
Rush Enterprises Inc., the only publicly traded network of commercial vehicle dealerships in North America, announced a new stock repurchase program of up to $150 million of its shares of common stock.
November 2, 2018BusinessTechnologyEquipmentSafety
Haldex, Wabash Sign Standard Position Agreement
Haldex and Wabash National Corp. announced an agreement through 2021 for Haldex to be the standard brake adjuster and actuator supplier on the Wabash, Transcraft, Benson, Brenner, Beall, Walker and bulk trailer brands.
November 2, 2018BusinessEquipment
Paccar Parts Opens Distribution Center in Toronto
Paccar Parts opened a new 160,000-square-foot parts distribution center in Toronto, intended to increase parts availability and maximize uptime for customers across eastern Canada.
November 2, 2018BusinessTechnologyEquipment
Wabash Posts Mixed Earnings as Backlog Sets Record
Trailer maker Wabash National Corp. posted its second-highest revenue ever in the third quarter, but the news wasn鈥檛 all good.
October 31, 2018BusinessEquipment
Eaton Boosts Third-Quarter Sales by 4%
Power management company Eaton Corp. capped its third quarter with higher-than-expected profit margins but lower net income due to charge-offs related to an arbitration decision in August against certain business units of Cooper Industries, a company that Eaton acquired in 2012.
October 30, 2018BusinessEquipment
Cummins Reports Record Earnings in Third Quarter
Cummins Inc. posted record profits and a 12% jump in revenue for the third quarter as demand for trucks, construction and power generation equipment improved.
October 30, 2018