Volvo AB has agreed to spend nearly $900 million to form a joint venture with China’s Dongfeng Motor Group Co. to expand Volvo’s presence in that country and become what it said would be the world’s largest maker of heavy-duty trucks.
February 4, 2013Search
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Diesel Rises 2.5¢ to $3.927 a Gallon
U.S. retail diesel prices rose 2.5 cents a gallon to $3.927 last week, the second straight increase, the Department of Energy reported.
February 4, 2013Daimler Says it May Cut 1,300 Plant Workers, as Volvo, Mack Begin Reductions in Force
Daimler Trucks North America said it may lay off as many as 1,300 factory workers over the next few months across its facilities.
February 4, 2013December Used Truck Sales Decline, ACT Reports
Used Class 8 truck sales declined in December from a year earlier as vehicle prices increased and average mileage trickled lower, according to ACT Research.
February 4, 2013Paccar’s Earnings Slip in 4th Quarter, But 2012 Profit Rises on Strong Sales
Paccar Inc. said fourth-quarter earnings slipped from a year earlier, but its full-year profit increased on strong sales in North America and the expansion of its global operations.
February 4, 20132012 Is U.S. Trailer Makers’ Best Year Since ’06
U.S. trailer makers took in more orders for new equipment in 2012 than in any other year since 2006, and said they have a strong enough backlog to keep busy through the middle of this year, even as the economy has cooled.
February 4, 2013ATA Asks Delay of HOS Changes Until Court Appeal Is Resolved
American Trucking Associations has asked the federal government to delay implementing changes to the hours-of-service regulations until three months after the group’s pending legal challenge ends.
February 4, 2013All Options Are ‘on the Table’ for Road Fund, Shuster Says
The new chairman of the House Transportation and Infrastructure Committee said he remains open to any option that can increase the amount of federal funding available for highway projects, including the possibility of raising the federal fuel tax.
February 4, 2013LaHood to Depart DOT
U.S. Transportation Secretary Ray LaHood, who earned praise for focusing on distracted driving and criticism from trucking for appearing to promote biking and high-speed rail over freight issues, announced last week he was stepping down.
February 4, 2013Chicago Manufacturing Activity Expands
Manufacturing activity in the Chicago area expanded in January, the Institute for Supply Management-Chicago said Thursday.
January 31, 2013