3 more freight companies file for bankruptcy
Three more freight companies have filed for bankruptcy in recent weeks, with some truck lenders claiming millions in unsecured funds. ...
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Transportation
Rising insurance costs strain truck financing sector
Escalating insurance costs are exacerbating high interest rates and rising new truck prices, contributing to tight lending standards and creating...
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Kenworth, Peterbilt maker cuts jobs in Quebec amid weak market
Truck maker PACCAR Inc., parent company of the Kenworth and Peterbilt nameplates, will lay off 175 employees in its Sainte-Therese,...
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Daimler to begin assembling Mercedes trucks in Senegal this year
Daimler Truck Holding AG plans to establish an assembly plant in Senegal, with production of Mercedes-Benz trucks scheduled to begin...
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Tightened credit, tariffs spark high-mileage used-truck demand
Fleet operators are capitalizing on favorable deals for high-mileage trucks as tightened credit, economic uncertainty and rising new truck prices...
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Used medium-duty truck inventory soars 26%
Economic challenges dealt a blow to the used-truck market last month, with the medium-duty sector bearing the brunt. Used inventory...
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Mack Trucks unveils truck for regional hauling
Mack Trucks has introduced its Mack Anthem, a fully redesigned truck built specifically for regional-haul operations, with up to 10%...
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North American Class 8 truck orders drop 45%
North American heavy-duty truck orders plummeted 45% in May, while medium-duty truck orders also fell as the traditionally weak period...
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