Cooper adds to Roadmaster line with RM332 wide-base tire
FINDLAY, Ohio – Cooper Tire and Rubber Company introduced the new RM332 WB heavy-duty wide-base tire, adding to its Roadmaster line of commercial tires. Designed for the steer axle in mixed service applications, the RM332 WB boasts a rib-type tread…
AT CAPACITY?
Where does capacity sit right now, and where is it going?
Earnings Watch: Paccar Loss; Allison Profit Falls
Truck and engine maker Paccar Inc. on Tuesday reported a loss for the first three months of the year, due to a European price fixing investigation. Lower numbers also were reported by Allison Transmission Holdings Inc. the day before.
All about DIP financing
Debtor in Possession (DIP) financing describes the financing obtained by an insolvent debtor while that debtor is restructuring its business. The term DIP financing originated from the American practice in Chapter 11 proceedings under the US Bankruptcy Code. During a…
Titanium outsources North Bay shop
NORTH BAY, Ont. — Titanium Transportation Group announced it has outsourced its on-site North Bay mechanic shop to Lewis Motor Sales. The shop was acquired as part of Titanium’s acquisition of ProNorth Transportation. Lewis Motor Sales is a third-party franchise…
Mack’s 2017 Engines
The 2017 Mack MP engine lineup will see fuel economy jump between 2.1 and 8.8% compared to today’s models, while the new ‘Predictive Cruise’ feature will effectively memorize terrain and enhance shifts when routes are repeated. Mack’s 11-liter MP7 and …
Roger Stone: Trump Would Rather Hang Out With Truckers
Republican consultant Roger Stone told Newsmax TV Donald Trump is a well-connected presidential candidate but he’d rather hang out with blue-collar workers than big bankers on Wall Street. Roger Stone told Steve Malzberg he expected Trump to do well in…
Earnings Watch: Hub Group Leaps, C.H. Robinson Gains, Heartland Slips
Three more companies offering trucking and related services issued first quarter earnings reports on Tuesday, with each reporting very different results. The Illinois-based Hub Group Inc. reported net income of $18 million compared to $10.3 million a y…
OPEC meeting freeze-a-thon ends up a fizzle-flop
The OPEC-o-pods and Putinoids certainly huffed and puffed and had the Wall Street speculators reacting in confused anticipation of the outcome of the freeze-a-thon that ended up being fizzle-flop. When I was asked if I was surprised that the fretful…
More than 800 Recalled Volvos Still Need Steering Fix
The federal government is reminding owners of certain recalled Volvo trucks that have not yet been in for repair of a serious steering problem that they could suffer a complete loss of steering and are not to be driven. Approximately 830 recalled Volvo…