IdleAire Technologies Corp., a designer of anti-idling systems for long-haul trucks at truck stops, has filed for Chapter 11 bankruptcy, but its facilities will remain open to truckers, the company said Friday.
May 19, 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.
UAW Approves American Axle Contract
Auto parts supplier American Axle and Manufacturing Holdings said Friday it expects production to resume next week after union workers overwhelmingly approved a new contract that contains steep pay cuts and other concessions, the Associated Press reported.
May 23, 2008Bridgestone Buys Stake in Japanese Tire Maker
Tire maker Bridgestone Corp. will take an 8.7% in Japan’s Toyo Tire, which will in turn purchase 0.5% of Bridgestone, the two said in a statement, Bloomberg reported.
May 21, 2008IdleAire Files Chapter 11; Stations to Remain Open
Continental Boosting Truck Tire Prices
Continental Tire North America said it will boost prices up to 8% on all Continental and General Tire Brand truck tires in North America, effective Aug. 1.
May 19, 2008GM, American Axle Reach Tentative Contract
Several General Motors Corp. plants idled by an 11-week strike at supplier American Axle & Manufacturing Holdings are set to begin operations soon, following a tentative settlement to the work stoppage, the Wall Street Journal reported Monday.
May 19, 2008ArvinMeritor Sets Commodity Surcharge
Auto and truck component maker ArvinMeritor Inc. said late Tuesday it will institute a monthly surcharge for components due to rising materials prices.
May 14, 2008Cummins Sees Continued Strong Growth in 2008
Diesel engine maker Cummins Inc. is on pace for a fifth consecutive year of record sales and profits in 2008 and is poised for “significant further growth over the next several years,†Chairman and Chief Executive Officer Tim Solso told shareholders at the company’s annual meeting Tuesday.
May 13, 2008Ryder Completes Gator Leasing Acquisition
Ryder System said late Monday it has completed its acquisition of Gator Leasing, privately held company based in Miami.
May 13, 2008Calif. Says Mack, VTNA, Cummins Engines Meet NOx Standard, Exempt From Idling Rule
The California Air Resources Board has confirmed to Transport Topics that Mack Trucks Inc., Cummins Inc. and Volvo Trucks North America have received certification that their heavy-duty engines meet California’s nitrogen oxide emission standards, providing users an exemption from the state’s five-minute idling regulation.
May 12, 2008Component Manufacturers Expand Overseas
Major suppliers of drivetrain components, brakes and suspension parts are following the lead of truck and engine makers by expanding production and distribution outside North America, while revamping existing operations to lower costs and develop new products.
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