Engine maker Cummins Inc. said last week it would reduce its workforce by 2,000 employees, or about 4% of its global payroll, and close or restructure some manufacturing facilities as a result of lower demand for its products, including truck engines.
November 1, 2015Search
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Matt Silver, CEO of Cargado, discusses how AI, data and smarter platforms are reshaping cross-border shipping.
Used Truck Prices Slump at Auctions, Analysts Say
A major auction of fleet-owned, model year 2012-2013 sleeper trucks in mid-September pulled in lower-than-expected prices and may have signaled the start of a market erosion, according to Chris Visser, an analyst with American Truck Dealers.
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November 1, 2015Trailer Orders Top 35,000
September trailer orders of 35,952 marked the highest total this year, according to ACT Research.
November 1, 2015Brake Safety Week Out-of-Service Violations Drop to 12.3% in 2015
The out-of-service rate for the annual Brake Safety Week event in September was 12.3%, down from 16.2% last year, the Commercial Vehicle Safety Alliance reported.
October 29, 2015Cummins Reduces Sales Forecast, Cuts 2,000 Jobs
Cummins Inc.’s third-quarter profit trailed analysts’ estimates, and the company reduced its annual sales forecast because of weakening demand for its heavy-duty engines.
October 28, 2015Trailer Maker Wabash National Introduces First Truck Bodies
Semi-trailer manufacturer Wabash National Corp. today introduced its first line of dry and refrigerated truck bodies to meet growing demand for urban delivery services.
October 26, 2015Cargo Thefts Decline in Third Quarter
Cargo thefts in the United States and Canada declined to $22.5 million from $45.8 million during the same period last year, according to CargoNet, which tracks trucking cargo crimes.
October 20, 2015Class 8 Purchases Rise 4.5% in September as Buyers Invest in More Efficient Models
U.S. retail sales of Class 8 trucks totaled 20,972 in September, marking the seventh consecutive month when sales topped 20,000, WardsAuto.com reported.
October 19, 2015Lytx Upgrades Video-Based Safety System That Monitors Driver Fatigue, Distraction
Lytx Inc. said it is upgrading its DriveCam video-based safety system with a new service aimed at helping fleets prevent distracted and fatigued driving.
October 19, 2015Mack Inaugurates Drive-Axle Line After $30 Million Plant Investment
HAGERSTOWN, Md. — Mack Trucks inaugurated its new drive-axle line here, the result of a two-year, $30 million investment that is part of the company’s strategy of vertical integration of powertrain components — engines, transmissions and axles.
October 19, 2015