China’s Geely Holding becomes largest Volvo shareholder
STOCKHOLM, Sweden – China-based Geely Holding has purchased Cevian Capital’s stake in AB Volvo, becoming the largest shareholder by capital in the global truck maker. Cevian Capital’s co-founder, Christer Gardell, said: “Today’s announcement concludes over 11 years’ ownership in AB Volvo…
Demand pushes US spot truck rates to new highs
Freight demand remains high — something that bodes well for truck operators. Photo credit: Shutterstock.
Truckers searching for freight on the US spot market last week had a green Christmas — not because of a lack of snow, but thanks to an abundance of money. Freight demand in the US remained…
Accuride expands distribution network
EVANSVILLE, Ind. – Accuride has announced the expansion of its North American distribution network, which it says will improve lead times. The expansion provides targeted customer coverage in key regional markets, and offers aftermarket customers the full range of Accuride…
Analysis: The lowdown on Tesla’s semi
Elon Musk’s Tesla has proven it can enter an established market can secure a portion of the market. Photo credit: @elonmusk.
In his Nov. 16 tweet promoting the rollout of Tesla’s new electric semi-truck, Tesla CEO Elon Musk promised, “This will blow your mind clear out of your skull and into an…
Analysis: The Tesla semi’s major selling points
Elon Musk’s Tesla has proven it can enter an established market can secure a portion of the market. Photo credit: @elonmusk.
In his Nov. 16 tweet promoting the rollout of Tesla’s new electric semi-truck, Tesla CEO Elon Musk promised, “This will blow your mind clear out of your skull and into an…
Quick Spin: HV Series – International’s Refined Linebacker
The new International HV Series severe-duty tractor resembles the WorkStar it replaces but it has a tough, no-nonsense stance and a quiet and ergonomic interior – much like International’s other new trucks, the LT and RH.
Test Drive: International’s A26 Engine
With the industry’s appetite for smaller-displacement engines on the rise, International’s new A26 is nicely sized, and well positioned to pick up a good chunk of the company’s truckload carrier business.
China’s Geely to Buy Stake in Volvo Trucks
A $3.3 billion deal will give China’s Geely Holding, which already owns the Volvo Automobile Group, an 8.2% stake in Volvo Trucks.
FHWA Approves 2 Rhode Island Truck Tolling Stations
A truck-tolling project in Rhode Island, fought by the trucking industry, has received a federal go-ahead. It’s expected construction of the first two electronic truck-only tolling locations on Interstate 95 will begin in January.
Freightliner Recalls 3,000 Trucks for Brake Caliper Issue
Daimler Trucks North America is recalling certain 2018 Freightliner, Western Star and Freightliner Custom Chassis vehicles for an issue with improperly torqued brake caliper mounting bolts.