28 Jan Caterpillar 4Q Profits Tumble; Trade With China Cited Caterpillar Inc. posted the biggest quarterly profit miss in a decade as a China slowdown hit demand for its signature yellow construction and mining equipment. Read more...
28 Jan Paccar CEO Outlines Path Toward Zero-Emission Trucks, Automated Driving SAN FRANCISCO — Paccar Inc. CEO Ron Armstrong said the trucking industry is moving toward ever cleaner and more energy-efficient vehicles and will adopt increasingly advanced automated driving technology to assist drivers. Read more...
28 Jan Trey Mytty of Truck Center Cos. Named Dealer of the Year at ATD SAN FRANCISCO — Trey Mytty, CEO of Truck Center Cos. in Omaha, Neb., received top honors as the winner of the 2019 Truck Dealer of the Year award here Jan. 26 at the American Truck Dealers Show. Read more...
28 Jan ATD Announces Coalition to Repeal Federal Excise Tax on Heavy-Duty Trucks SAN FRANCISCO — American Truck Dealers announced a new industry coalition to push for the repeal of the 12% federal excise tax on heavy-duty trucks. Read more...
25 Jan Union Pacific Reports Strong 4Q Results, but Hints of Job Cuts Union Pacific Corp. reported record 2018 fourth-quarter income of $1.55 billion, or $2.13 a share, on Jan. 24. Read more...
25 Jan Covenant Transport Reports Record Revenue, Profits in 4Q 2018 Covenant Transportation Group reported record revenue and profits in the fourth quarter of 2018 as strong demand and higher rates boosted its truckload and freight brokerage business units. Read more...
25 Jan Straightening the Sheet Metal So, you just got the call that your brand-new “was-supposed-to-last-for-a-decade” Class 8 tractor slid off into the ditch. The decisions that you make during the repair cycle for that truck may be just as important as those you made in buying it. Read more...
25 Jan Ford CEO Jim Hackett, Tesla’s Elon Musk Urge Workers to Help Boost Profits Ford Motor Co.’s Jim Hackett and Tesla Inc.’s Elon Musk are rallying the troops with similar appeals to make more money. Read more...
25 Jan House, Senate Pass Bill to End Shutdown, Fund Government Through Feb. 15 Congress voted to end the 35-day partial government shutdown after President Donald Trump capitulated to House Speaker Nancy Pelosi and agreed to reopen federal agencies without any guarantee of money for his proposed border wall. Read more...
25 Jan Diesel Engine, Drivetrain Spec’ing Prove Crucial Careful attention to diesel engine and drivetrain spec’ing is essential to ensure that Class 8 trucks have the highest productivity and lowest cost per mile for their specific applications. Read more...