Economy

Delphi, UAW reach buyout agreements; Strike still pending

NEW YORK -- A bankruptcy judge has extended by six months the deadline for autoparts giant Delphi Corp. to exclusively file its reorganization plan.

Spring chills, as manufacturers lose March gains: Stats Can

OTTAWA -- Even with a sharp spike in petroleum products prices, manufacturing shipments took a step back in April, losing most of March's gains.

Upcoming EPA regs drive chassis, component aftermarket: Analysts

WASHINGTON -- As replacement opportunities increase with the age of trucks brought during current and future pre-buy surges, unit shipments for class 6-8 truck chassis systems and components in the short to medium term will increase, says Market research firm Frost & Sullivan.

Economy stays level thanks to retail-wholesale trade and transportation

OTTAWA -- Sustained mainly by growth in retail and wholesale trade, transportation and warehousing, the Canadian economy advanced slightly by 0.1 percent in April, matching the pace of the previous month.

Cummins-built engines to be exclusive on Paccar MD trucks

BELLEVUE, Wash. -- Cummins' six and eight liter diesels will soon be the exclusive spec for Peterbilt and Kenworth medium-duty conventional trucks.

PacLease offers new lease programs for vocational trucks

BELLEVUE, Wash. -- PacLease has now completed a roll-out of a new full-service truck leasing program for vocational trucks. The move is already benefiting many vocational companies that were quick to transition toward leasing when PacLease began offering vocational leasing and maintenance services, the company says.

Stats Can updates Canadian trucking pool; Ontario home to third of small carriers

OTTAWA -- There were 44,400 firms active in the truck transportation industry in 2003. Overall, 35,000 firms identified themselves as owner-operators, followed by 5,900 small for-hire carriers, or those with less than $1 million in revenue, and 3,500 for-hire carriers above that threshold, Stats Canada reports.

International T&E hires car engineering guru

MELROSE PARK, Ill. -- One of North America's largest truckmakers has hired former Volkswagen chief engineer to be vice-president of engineering of its own engine group.

Detroit Diesel steps up with engine overhaul options

DETROIT -- Enginemaker Detroit Diesel Corp. is making it easier for fleet managers and owner/operators to understand the options available to overhaul their heavy-duty Series 60 engine through a program called StepUP.

Three’s a Charm: TransX buys fleet trifecta

WINNIPEG -- One of Canada's biggest for-hire carriers has acquired three for-hire carriers in an attempt to expand Western operations and create additional capacity.

Imports, exports keep falling due to energy, automotive

OTTAWA -- Declines in the energy sector in May, was one of a handful of factors leading to a fourth drop in exports in five months. But merchandise imports decreased at a rate higher than that of exports, resulting in an increase in Canada's merchandise trade surplus, reports Stats Canada.

Up and Away: Aerospace spike keeps manufacturing steady

OTTAWA -- A weak manufacturing month this past May was overshadowed by a big boost in aerospace products production, Stats Canada reports in its monthly survey on manufacturing.

Caterpillar records highest profits ever

PEORIA, Ill -- heavy-duty enginemaker Caterpillar Inc. has reported a 41 percent increase in profit per share on a 13 percent increase in sales and revenues compared with the second quarter 2005.

TransForce scoops western LTL fleet

MONTREAL -- After a short hiatus from fleet buying, TransForce has announced the acquisition of Edmonton-based Byers Transportation System and all its divisions. Financial conditions were not disclosed.

Mullen expands specialized oilfield services segment

CALGARY -- The Mullen Group Income Fund, parent of Mullen Transport, has acquired Canadian Dewatering Ltd., a private corporation based in the B.C.