02 May Profits Decline at Expeditors Even as Revenue Increases First-quarter expenses rose faster than revenue for Expeditors International of Washington, so the freight forwarder remained profitable but at a lower level than a year ago. Read more...
02 May Allison Rides Service Parts Growth to Higher First-Quarter Results Allison Transmission Holdings Inc. reported first-quarter net income and revenue surged on growth in its North American parts business, the company said. Read more...
02 May Dana Posts Gains in First Quarter Dana Inc. reported its net income for the quarter ended March 31 rose to $80 million, or 51 cents per share, from $48 million, or 30 cents. Read more...
02 May Cummins First-Quarter Earnings, Revenue Increase Despite Weak North American Truck Market Global manufacturer Cummins Inc. posted first-quarter increases in profits and sales that were driven by demand from construction and mining customers rather than North American truck engines. Read more...
02 May Daseke Adds Schilli, Big Freight to its Portfolio of Trucking Companies Flatbed carrier Daseke Inc. said May 1 that it has added two more companies to its portfolio of trucking companies: the Schilli Cos. and Big Freight Systems. Read more...
02 May UPS to Operate First-Ever Hydrogen Electric Class 6 Trucks UPS Inc. announced it will deploy an extended-range hydrogen fuel cell electric Class 6 delivery truck operating in Sacramento, Calif., by the third quarter, saying it will be the first medium-duty truck of its kind. Read more...
02 May Penske Truck Leasing Launches Connected Fleet Platform, Remote Diagnostics Service Penske Truck Leasing has expanded its technology offerings with the launch of its connected fleet solutions, which tap into existing telematics systems to enable services such as a remote diagnostics. Read more...
02 May Accuride Finalizes Acquisition of KIC Accuride Corp. completed its acquisition of KIC and certain of its affiliated entities, following an agreement announced April 26, the company said. Read more...
01 May Diesel Falls 1.2¢ to $2.583 a Gallon, Oil Holds The U.S. average retail price of diesel dropped 1.2 cents to $2.583 a gallon as oil prices remained below $50 a barrel and U.S. rig counts pushed higher. Read more...
01 May PacLease First to Offer Toll Management Paccar Leasing Co., a unit of truck maker Paccar Inc., is offering its lease and rental customers automatic toll billing and collection through its PacToll, program, making it the first leasing company to offer toll management nationwide. Read more...