Economy

Truck sales expected to decline further, but fleet capacity should tighten: Analyst

NEW YORK -- Truckmakers are starting to realize that class 8 trucks sales could get worse in early 2008 before getting better, says a tier-one supplier to truck OEMs.

Canada’s east coast to get infrastructure makeover

ST. JOHN'S -- An agreement with more than $430 million of federal dollars was signed recently to better address the infrastructure needs and priorities of Newfoundland and Labrador.

Paccar Readies Engine for Kenworth & Pete

COLUMBUS, Miss. -- Paccar, parent company of both Kenworth and Peterbilt, is quickly moving forward with the North Americanization of the European 12.9-liter engine that will be offered in its trucks here in 2010.

Horton appoints new president and CEO

ROSEVILLE, Minn. -- Horton Holding, a provider of fan drives, fans and suspension products, has appointed David Adams as president and CEO of the company and all subsidiary divisions.

Truck-Lite taps new Canadian sales director

MISSISSAUGA, Ont. -- Truck-Lite has hired Ken Irwin to be the lighting company's new Area Director for Canada.

Navistar buys GM’s medium duty biz

DETROIT -- It's a done deal. After eight months of discussions, General Motors has agreed to sell its medium-duty truck division to Navistar International -- the North American market leader in class 5 to 7 trucks.

Loonie flipping trucks upside down

TORONTO -- Poof. Just like that, as the Canadian dollar rose in value against the American dollar the value of Canadian trucks and trailers evaporated.

Mercator makes move into distribution

LAVAL, Que. -- Mercator Transport Group made good on a September promise and has moved forward with a strategic plan to begin distribution activity.

Vanguard goes to spring brake with Bendix

ELYRIA, Ohio -- Vanguard National Trailer has added to its Bendix brake offering following a recent agreement with the parts manufacturer.

Rates falling in LTL; truckload “flattish” analyst says

NEW YORK -- After some gains in the first part of the decade, carriers haven't been able to pass along rate increases as easily over the last couple years and that looks to remain the case in the near future, says a leading New York-based transportation market research firm.

Day & Ross to acquire Wesbell Logistics

HARTLAND, N.B. -- The Day & Ross Transportation Group has signed of an Asset Purchase Agreement for the acquisition of Wesbell Logistics Services, a division of The Wesbell Group of Companies Inc.

Moving company settles into new Canadian digs

TORONTO -- Arpin International Group, a household goods forwarder, has opened a new office in the Toronto area, expanding the company's presence into Canada.

Cummins names head of Emissions Solutions biz

COLUMBUS, Ind. -- Engine maker Cummins has named Srikanth Padmanabhan its newest vice president and president of its Emission Solutions unit.

Canuck Grote boss celebrates 30 years

MADISON, Ind. -- He was once on the verge of playing in the NHL. Today, Eric Morris is celebrating his 30-year anniversary with truck LED supplier Grote.

International debuts Advantage program for truck buyers

WARRENVILLE, Ill. -- International Truck and Engine believes that support for customers doesn't end when the truck is driven off of the dealer's lot.