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Tumbling Prices for Commodities Fail to Bring Relief to Truck Buyers

Prices of most key commodities used in making heavy trucks have dropped 50% or more since last year, but price reductions for tires, components and trucks have been difficult to find.

May 11, 2009

Slumping Sales Lead to Lower Earnings For Truck Makers in North America

Weak Class 8 truck sales around the world led to plunging revenue and either losses or vastly diminished first-quarter profits for three of the four major heavy-duty truck manufacturers and both independent engine makers operating in North America.

May 4, 2009

Hino Posts $628 Million Loss on Pension Charges

Hino Motors Ltd., Japan’s largest heavy-duty truck maker, had a wider-than-expected annual loss because of falling sales and one-time costs from a change in its pension system, Bloomberg reported Tuesday.

April 21, 2009

Sterling Truck Corp. Closes After 11 Years

Sterling Truck Corp. officially ended its 11-year life span last month when the last Class 8 rolled off the St. Thomas, Ontario, assembly line, part of a final order for ABF Freight System Inc.

April 13, 2009

Massachusetts Weighs Transportation Reform

The Massachusetts House of Representatives has joined the Senate in approving a reform plan for the state’s transportation system.

April 10, 2009

FedEx Wins Wash. State Class Action Suit over Classification of Drivers as Contractors

FedEx Corp. last week won a Washington state class action case that affirmed the company’s position on driver classification.

April 6, 2009

Vanguard Parent to Market U.S. Trailer, Create National Master Dealer Network

LOUISVILLE, Ky. — China International Marine Containers introduced the first trailer it is marketing in the United States under its own name, a refrigerated unit it said contains a proprietary insulation system that will eliminate the 3% to 7% in condensation weight that typical reefers build up in a year.

March 31, 2009

Delphi to Sell Brake, Suspension Unit to Chinese Firm

Delphi Corp. has agreed to its global suspension and brake business to Chinese firm BeijingWest Industries Co., Bloomberg reported Tuesday.

March 31, 2009

More Snow Closes Highways in Plains States

The second major snowstorm in a week hit the Northern Plains with more than a foot of snow Monday, closing hundreds of miles of major highways and causing major collisions, the Associated Press reported Tuesday.

March 31, 2009