Goodyear Tire & Rubber Co. plans to close 92 retail stores with about 500 full-time workers by the end of the year because of their lack of profitability, Bloomberg reported.
August 20, 2008Fleet Equipment News
Commercial freight transportation is a machine-based business. Highly technical equipment and advanced engineering are at the center of supply chain and require constant innovation. Transport Topics equipment coverage focuses on the machines and other physical assets that make delivery possible. It looks closely at available truck, trailer, and chassis models, developments in the engineering space, and maintenance innovations and best practices.
Cummins Plans to Invest $100 Million in Brazil
Cummins Inc., the maker of more than one third of North America’s heavy-duty truck engines, plans to invest another $100 million in Brazil during the next four years to meet higher demand in that country, Bloomberg reported.
September 15, 2008American Axle to Produce Commercial Truck Parts
American Axle & Manufacturing Holdings will expand a factory in Michigan to build more parts for large commercial trucks, reducing its reliance on General Motors Corp. for business, Bloomberg reported Thursday.
September 4, 2008Ryder Completes Acquisition of Gordon Truck Leasing
Ryder System said Wednesday it completed its previously announced acquisition of Gordon Truck Leasing, based in Philadelphia.
September 3, 2008Wright Express Completes International Acquisition
Wright Express Corp. said it completed its acquisition of Financial Automation Limited, a New Zealand-based international provider of fuel card processing software systems.
September 2, 2008Kenworth Offers Synthetic Axle Lube as Standard
Kenworth Truck Co. will make standard on its Class 5-8 trucks a synthetic axle lube that will boost fuel economy by 1%, the company said.
September 2, 2008ArvinMeritor Dedicates Mexico Plant
Truck components maker ArvinMeritor Inc. said it dedicated a new $30 million manufacturing facility in northern Mexico for trucks built in the United States and Canada.
August 28, 2008Freightliner to Offer Meritor WABCO System
Freightliner Trucks, part of Daimler Trucks North America, said it will offer Meritor WABCO’s new automatic forward-collision warning and braking system on its models Cascadia and Century Class S/T tractors.
August 25, 2008Cummins Adds to Market Share in 2008 as Caterpillar’s Engine Sales Decline
Independent engine manufacturer Cummins Inc. continued increasing its market share in heavy-duty engines during the first half of 2008, while sales by competitor Caterpillar Inc. dwindled, WardsAuto.com reported.
August 25, 2008Class 8 Fleet Growth Stagnant In 2nd Quarter, Polk Reports
Growth in the nation’s fleet of Class 8 trucks ground to a halt during the second quarter, as U.S. registrations for vehicles in operation rose by just 0.75%, according to R.L. Polk & Co.
August 25, 2008Goodyear to Close 92 U.S. Retail Outlets
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