trucking Archives

Aftermarket revenue shines in Rush Enterprises’ Q4 earnings

Rush and Penske Automotive Group reported a drop in finance and insurance revenue in 2024 as lingering effects of a ...

Visitors watch the unveiling of a Nikola Corp. Tre FCEV truck at the IAA Transportation show in Hanover, Germany, on Monday, Sept. 19, 2022. Global leaders Daimler Truck Holding AG and Volvo AB are joining dozens of commercial-vehicle makers in Germany this week to showcase their latest electric semis, with more zero-emissions vehicles debuting at the IAA Transportation show than ever before.

Nikola files for bankruptcy

February 19, 2025

Commercial EV maker Nikola has filed for Chapter 11 bankruptcy, culminating a yearslong struggle and raising questions about the future ...

Semi-trucks in a lot during a Ritchie Bros heavy equipment auction in Bolton, Ontario, Canada, on Tuesday, May 9, 2023. Ritchie Bros Auctioneers Inc., a Canadian firm that sells heavy equipment at auctions around North America, struck an agreement in November to buy

Tiger Group plans bankruptcy auction for used trucks

byEquipment Finance News, AI Assisted

February 13, 2025

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The auction market for used commercial vehicles is about to get tested. Financial services firm Tiger Group on Feb. 19 will conduct ...

Used International trucks manufactured by Navistar International sit on the lot of the company's used truck facility in Melrose Park, Illinois Wednesday, Aug. 15, 2001. The fourth-largest truckmaker reported fiscal third-quarter earnings fell 98 percent as a glut of used trucks and the effects of the slowing U.S. economy reduced demand. The Melrose Park lot, one of 15 company owned lots, has nearly 300 trucks in inventory.

Canada’s Tornado launches financing arm

byEquipment Finance News, AI Assisted

February 6, 2025

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Canadian hydrovac truck manufacturer Tornado Infrastructure Equipment has created a financing arm following a record-high sales performance in the fourth quarter. ...

Canada Cartage to Acquire Walmart Canada’s Fleet Business

Canada Cartage buys Walmart Canada’s fleet business

byEquipment Finance News, AI Assisted

February 4, 2025

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Toronto-based Canada Cartage signed an agreement to acquire Walmart Fleet, the transportation division of Walmart Canada. Canada Cartage's acquisition will ...

A truck carrying vehicles near the Otay Mesa Port of Entry, on the US-Mexico border in Tijuana, Baja California, Mexico, on Monday, Jan. 27, 2025. Cargo like cars move along the border economy as US President Donald Trump signaled plans to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1, unless the US neighbors did more to clamp down on immigration.

Truck prices find stability as expectations for 2025 grow

byJohnnie Martinez II

February 3, 2025

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Stable pricing in the trucking industry at the end of last year opens the door for a better 2025 after ...

MAN delivers first 10 long-distance EV trucks

byEquipment Finance News, AI Assisted

January 30, 2025

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German commercial vehicle manufacturer MAN Truck and Bus, a subsidiary of Traton Group, has delivered its first 10 long-distance electric trucks. ...

North American net truck sales up 27% YoY

Volvo Financial Services’ credit portfolio swells in 2024

byQuinn Donoghue

January 29, 2025

0

Volvo Financial Services beefed up its credit portfolio in 2024 despite seeing a drop in total financed units. The financing ...

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Tag: trucking

F&I revenue slides for Rush, Penske in 2024

Nikola files for bankruptcy

Tiger Group plans bankruptcy auction for used trucks

Canada’s Tornado launches financing arm

Canada Cartage buys Walmart Canada’s fleet business

Truck prices find stability as expectations for 2025 grow

MAN delivers first 10 long-distance EV trucks

Volvo Financial Services’ credit portfolio swells in 2024

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