Boeing, an icon of American manufacturing, suffered its first annual financial loss in more than two decades while the cost of fixing its marquee aircraft after two deadly crashes soared to more than $18 billion.
January 29, 2020Search
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Trucking Watches China Trade Deal Progress
The U.S.-China trade war has put a lot of stress on trucking, but the signing Jan. 15 of the first phase of a more comprehensive agreement between the two countries has spurred cautious optimism for the industry.
January 29, 2020Tailgate Problems Prompt Ford F-150 Recall in Canada, but not US
Ford is recalling its popular F-150 pickup truck in Canada to fix a problem with electric tailgate latches, but identical trucks aren’t being recalled in the U.S.
January 29, 2020Fleets Manage Parts in Multiple Ways
GRAPEVINE, Texas — Fleets have found various ways to handle the need for parts: expanding inventory levels, not substituting cheaper but less reliable ones for critical parts, doing some warranty work themselves, keeping the average age of trucks low or turning to electric trucks.
January 29, 2020Eaton, Meritor Expand Aftermarket Parts Approaches
GRAPEVINE, Texas — Tier 1 commercial vehicle suppliers Eaton and Meritor Inc. presented their latest approaches to serving customers in the aftermarket.
January 29, 2020Used Class 8 Sales Down 11.9% in December
Used Class 8 sales in December were down 11.9% year-over-year compared with December 2018, according to ACT Research’s monthly report.
January 29, 2020ELFA: Financing Business Volume Up 2% in December, 5% in 2019
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.
January 29, 2020$135 Million Settlement Approved in Navistar MaxxForce Engines Lawsuit
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.
January 28, 2020Chassis Provider FlexiVan to Merge With American Intermodal Management
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.
January 28, 2020Whiting Door Manufacturing Co-Founder Lauren Whiting Dies at 95
Whiting Door Manufacturing co-founder Lauren Whiting died Jan. 25 at the age of 95, according to the company.
January 28, 2020