28 Dec Scott Clark to Be Chairman, President of Michelin North America Effective Jan. 1 Michelin Group appointed Scott Clark the next chairman and president of Michelin North America, effective Jan. 1. Read more...
28 Dec BlackBerry Radar Teams With BigRoad, Pana-Pacific BlackBerry continued its push into the freight hauling industry by expanding the availability of its Radar asset-tracking device through partnerships with two large distributors — BigRoad Freight and Pana-Pacific. Read more...
28 Dec Wabco Invests $10 Million in Nikola Commercial vehicle supplier Wabco Holdings Inc. announced it has made a $10 million strategic investment in Nikola Motor Co., which is developing hydrogen-electric Class 8 trucks and other vehicles, vehicle components, energy storage systems and electric vehicle drivetrains. Read more...
28 Dec Accuride to Add Five Distribution Centers Commercial vehicle supplier Accuride Corp. announced it will extend its North American distribution network to target key regional markets to reduce lead times and provide aftermarket customers with new shipment options. Read more...
28 Dec Full Speed Ahead for Economy, Trucking in 2018 Trucking firms are revved up for 2018, with predictions of tight capacity and strong demand for freight hauling setting the stage for an anticipated big year ahead for the industry, and indicators pointing to a potentially sustained period of business expansion in the United States and around the globe. Read more...
28 Dec J.B. Hunt Estimates 4Q Revenue Will Grow More than 10% J.B. Hunt predicted earnings between $85 million and $90 million for the fourth quarter, a decline of 20-30% versus the final three months of 2016. Financial statements will be formally released Jan. 18. Read more...
28 Dec UPS and FedEx Handle Record Holiday Surge With Minimal Delays United Parcel Service Inc. and FedEx Corp. delivered almost all of people’s presents by Christmas Day, with the former company finishing strong after a bruising late November. Read more...
28 Dec Roadrunner Avoids Stock Exchange Delisting Roadrunner Transportation Systems received an extension through April 4 to remain on the New York Stock Exchange, avoiding a delisting due to the company retracting financial statements for every quarter since the beginning of 2016 and also pulling its annual reports for 2015 and 2016. Read more...
27 Dec Editorial: The Roads Ahead in 2018 The roads where the trucking industry makes its living are expected to be busy in the year ahead — for a variety of reasons. Read more...
27 Dec Navistar CEO Troy Clarke Says Company is Regaining Customers’ Trust Navistar International Corp. achieved profitability during its 2017 fiscal year as it battles back from sustained losses, but the company’s chief executive said it’s not all about the money. More important, he says, are the growing indications that Navistar is winning back the trust of truck buyers compared with the situation it faced when it launched a turnaround effort a few years ago. Read more...