Industry News

Ford to shut European plant; GM outlines product-sharing plan

Ford Motor Co. said it will close a Belgian assembly plant and General Motors outlined a joint product-sharing plan with a French rival as the Detroit automakers battle mounting losses in Europe. Ford is also preparing to close a plant in Britain as early as next year, Bloomberg and other media outlets reported, citing people […]

Read More
THREATS ON HORIZON FOR LOGISTICS SUPERPOWER?

Last week’s BVL Congress in Berlin celebrated a German logistics market that is on pace for another record year in 2012, buoyed largely by strong exports and manufacturing, including automotive. The leader of the opposition Social Democratic party proclaimed the country a “logistics superpowerâ€.  

Read More
Rush Enterprises acquires dealerships, announces third quarter results

By CCJ Rush Enterprises has announced results for the third quarter ended September 30, 2012. The Company’s net income for the quarter was $14.9 million, or $0.38 per diluted share, compared with net income of $16.0 million, or $0.41 per diluted share, in the quarter ended September 30, 2011.

Read More
Obama signs Military CDL Act

Active members of the military may now train for and obtain a commercial driver’s license in the state in which they are stationed, instead of the state in which they live, thanks to the Military CDL Act of 2012, which passed both chambers of Congress on Oct. 1 and was signed by President Barack Obama […]

Read More
Auto Makers Dig In as Europe Redlines, Emerging Markets Lose Luster

The global auto industry breathed a sigh of relief in September when the president of the European Central Bank acknowledged the region’s sovereign debt crisis was critical and the bank was prepared to start a bond-buying program that would provide a “fully effective backstop†for the struggling euro.

Read More
Leading indicators improve slightly

The Conference Board’s Leading Economic Index for the United States increased 0.6% in September to 95.9 following a 0.4% drop in August and a 0.4% increase in July. The base year for the index is 2004.  By TruckGauge

Read More
Philadelphia Manufacturing Index Rises

Manufacturing activity in the Philadelphia region expanded in October, the Federal Reserve Bank of Philadelphia said Thursday.

Read More
Class 3-8 sales up 18 percent year-over-year

According to a report from Trailer Body Builders, sales for Class3-8 trucks have surged to 18 percent above the 2011 numbers entering the final quarter of 2012. The numbers from Wards Information Products

Read More
Navistar adds another board member

Navistar International Corporation announced John C. (Jack) Pope, chairman of PFI Group, LLC, a financial management firm, has been appointed to the company’s board of directors. He replaces David D. Harrison, who elected to retire after serving five years as a board member.

Read More