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Sales of New Homes Rise to Second-Fastest Pace Since 2008
Purchases of new U.S. homes increased in November to the second-fastest pace in almost nine years as the beginning of a spike in mortgage rates persuaded buyers to quickly sign contracts.Daniel...
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Existing US Homes Sales Fell in December, But 2016 Still Best in a Decade
Sales of previously owned U.S. homes declined more than forecast in December, data from the National Association of Realtors data showed Jan. 24. Still, sales for the full year were the strongest since...
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OEMs Eke Out 2016 Profits; European Sales Strongest
Three of the world’s largest heavy-duty truck makers remained profitable in an anemic 2016, with fourth-quarter results revealing that European sales outpaced the North American market.
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Greenkraft to Add Classes 6-7 Alternative Fuel Trucks to Production Mix
Truck maker Greenkraft Inc. announced plans to expand to a bigger factory in 2017 and also introduce a new line of alternative fuel Classes 6-7 cab-forward trucks called the G3 and G4, respectively, it...
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Truck, Trailer OEMs Post Profits in Lackluster Equipment Market
Three of the world’s largest heavy-duty truck makers reported profitable financial results last week after also benefiting from their other lines of businesses and some insulation from the North...
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OEM Suppliers’ 1Q Results Mixed Amid Weak Demand
First-quarter results varied among suppliers to U.S. commercial vehicle manufacturers for the period ended March 31.TT File Photo
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Navistar to Lay Off More Than 80 Ohio Workers
Navistar will lay off more than 80 workers at its Ohio Truck Specialty Center in Springfield, Ohio, beginning in early August, according to a notice the truck manufacturer filed with the Ohio...
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Navistar Loses $80 Million in Fiscal 2Q
Navistar International Corp. lost $80 million, or 86 cents a share, during the fiscal second quarter as the manufacturer set aside $60 million for its reserve fund to deal with used trucks with...
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International Makes Bendix Air Disc Brakes Standard on LT Series
International Truck announced its International LT Series in 6x4, 6x2, and 4x2 configurations now feature Bendix ADB22X air disc brakes as a standard offering on all axles.“Offering standard air disc...
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Inaugural NACV to Focus on Equipment Sales — And Being a Different Show From...
The inaugural North American Commercial Vehicle Show is due to open later this month in Atlanta and is shaping up to be very different from the rival Mid-America Trucking Show: smaller but richer — and...
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Mack Trucks Adding 400 Jobs at Pennsylvania Assembly Plant
Mack is back, upshifting into hiring mode for its massive Lower Macungie Township, Pa., assembly plant that already employs about 2,000 people.The heavy-duty truck maker is now in the process of adding...
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Molex Enhances Ethernet Network Platform for Autonomous Vehicles
Molex announced the next evolution of its 10 Gbps Automotive Ethernet Network Platform designed to support OEMs in the development and design of autonomous vehicles. The product offers a complete...
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Quest Global Acquires Dakota Moon
[Stay on top of transportation news: Get TTNews in your inbox.]Quest Global acquired Dakota Moon Enterprises LLC, a Nevada-based engineering and supply chain services provider to the aerospace...
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Equipment Manufacturers Shift to Counter Supply Chain Uncertainty
[Stay on top of transportation news: Get TTNews in your inbox.]Some major equipment manufacturers said they are rethinking their operations and taking new steps to confront volatility in the supply...
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Class 8 Truck Makers, Buyers Struggle to Get in Sync on Orders
[Stay on top of transportation news: Get TTNews in your inbox.]No one asked for these challenges, as one industry expert put it. Not the truck buyers staring at a rising tide of freight demand and...
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