16 Oct Opinion: Strategies for Driving OEM Service, Aftermarket Growth After years of focusing on supply chain and operational initiatives, equipment makers are now turning their sights to aftermarket and service revenue growth, says Vivek Joshi of Entytle. Read more...
16 Oct J.B. Hunt Revenue Soars, but Profits Lag in Third Quarter J.B. Hunt Transport Services Inc. reported a big bump in revenue in the third quarter as higher rates boosted the top line for each of the company’s four freight segments. Profits, however, did not keep pace. Read more...
16 Oct How Grocer Giant Competes for Your Virtual Shopping Cart The willingness of consumers to try buying groceries online has helped fuel a fiercely competitive market, and one that analysts expect to grow. The Food Marketing Institute and Nielsen predicted this year that 70% of consumers will regularly shop for groceries online by 2022 or 2024. Read more...
16 Oct September Manufacturing Production Rises on Broad Demand Factory production expanded in September for a fourth consecutive month on broad-based demand as the sector accelerated in the third quarter, Federal Reserve data showed Oct. 16. Read more...
16 Oct Volvo Group Uncovers Faulty Component in Emissions Setup Volvo, the world’s second-largest truckmaker, has uncovered a faulty component in the emissions-control setup of vehicles widely sold in Europe and the U.S., the manufacturer’s biggest markets. Read more...
16 Oct ASCE Gives Minnesota Infrastructure a C Minnesota has received a C grade on the American Society of Civil Engineers’ most recent infrastructure report card. Read more...
15 Oct Diesel Continues Upward Trend, Rising 0.9¢ to $3.394 Diesel prices continue to move higher, increasing 0.9 cent to $3.394 per gallon, according to the survey by the U.S. Department of Energy on Oct. 15. Read more...
15 Oct Mack Sets Up as Go-To Truck for Harsh Canadian Climate EDMONTON, Alberta — Bolstered by a growing Canadian economy and a strong trucking market overall, Mack Trucks is looking to increase its presence across the northern border. Read more...
15 Oct Knorr-Bremse Industrialist Thiele Increases Fortune to $15.3 Billion After IPO Heinz Hermann Thiele is about $6 billion richer after last week’s initial public offering of his largest asset, Knorr-Bremse AG, the world’s biggest maker of truck and train braking systems. The IPO makes him the country’s fourth-richest person, with a net worth of $15.3 billion, according to the Bloomberg Billionaires Index. Read more...
15 Oct Budget Deficit in Trump’s First Fiscal Year Highest Since 2012 The U.S. budget deficit grew to $779 billion in Donald Trump’s first full fiscal year as president, the highest since 2012 amid tax cuts and spending increases. Read more...