Business

BorgWarner announces key ePropulsion acquisition

The acquisition is an important complement to the ePropulsion portfolio, especially as it relates to expansion in high-voltage power electronics beyond the inverter, BorgWarner says.

December 1, 2023

HDA Truck Pride expands in California

“HDA Truck Pride is about people and community,” says Tina Hubbard, president, and CEO of HDA Truck Pride. “We look forward to supporting E-W Truck & Equipment Company as they continue to realize a bright and successful future.”

November 30, 2023

Industry transaction pace slowed again in November

There were just a few transactions in the dealer, aftermarket and supplier sectors this month as the busy pace seen in October did not continue.

November 30, 2023

Mergers and acquisitions roundup

Outlook and Benchmarking

CMVC's aftermarket sales indicator keeps slipping

Commercial Motor Vehicle Consulting (CMVC) reported Wednesday its Parts Aftermarket Sales Leading Indicator (PLI) fell for the 11th consecutive month in October, signaling lower parts aftermarket sales in the coming months.

November 29, 2023

CMVC November 2023

As market softens, bad debts may be on the rise

Interstate Billing Service's Shane Stewart says the industry is right at the beginning of a downturn starting to hit home.

November 29, 2023

A man works on a calculator and laptop

Growth strategies

Bruckner's opens three new stores

Bruckner's Truck & Equipment has opened three new facilities as part of a recent growth period. The company has moved its Monroe, La., and Fort Smith, Ark., locations to new facilities, and has opened a new store in Tulsa.

November 27, 2023

Bruckner's Truck and Equipment in Tulsa, Oklahoma

Bendix Mexico facility certified as safe work environment

"We're proud of both accomplishments and how they reflect the wellness and safety culture we've built in Acuña," says Jacqueline Perez, Bendix managing director for Mexico operations.

November 27, 2023

Three men hold up official documents.

CVSN introducing Pillar communities to support aftermarket

The Commercial Vehicle Solutions Network (CVSN) announced Monday it will be hosting a series of webinars in December introducing the association's new Pillar communities: Legislative, Industry Awareness/Marketing, Education/GenNext, and Technology.

November 27, 2023

Has freight cycle bottomed out?

With freight volumes, rates and tonnage all running below last year's peaks, many in the industry have begun questioning if, or when, the cycle will hit bottom.

November 21, 2023

Blue Class 8 tractor on the highway

SmithCo offering lease-to-own program for dump trailers

Side dump trailer manufacturer SmithCo Mfg. Inc. announced Monday it has arranged for Amur Equipment Finance to provide a custom lease-to-own (LTO) financing program for qualified SmithCo side dump trailer customers.

November 20, 2023

Outlook and Benchmarking

Speakers announced for HD Aftermarket Dialogue

MEMA and MacKay & Company have begun announcing speakers for Heavy Duty Aftermarket Dialogue, which will be held Jan. 22, 2024, at the Gaylord Texan and precede Heavy Duty Aftermarket Week (HDAW) 2024.

November 20, 2023

Image from 2023 HD Aftermarket Dialogue

Mergers & Acquisitions

Northeast dealer group acquires tow truck, specialty business

"Our decision to acquire New England TruckMaster is rooted in their established market position, and our intention to leverage DATTCO's extensive dealership network, array of brands, services, and products," says Donald DeVivo, president of DATTCO.

November 15, 2023

Red truck towing a blue Class 8 tractor

Growth strategies

Rebranding demands strategy, communication

“It’s so important that your employees and customers, many who’ve been with you for a long time, understand [why you’re rebranding]. Making it clear they know you are still the same company with the same values — just with a new look.”

November 14, 2023

The image on the left shows a sign being taken down and the image on the right shows a new FleetPride sign in its place.

Growth strategies

Kriete Group expands social media series

Kriete Truck Centers Tuesday rolled out a trailer for Season 2 of its social media video series, Forward With Kriete.

November 14, 2023

Forward with Kriete trailer image

DTNA's Aufdemberg to deliver keynote at Green Truck Summit

Mary Aufdemberg is the general manager of product strategy and market development for Daimler Trucks North America.

November 14, 2023

A woman with shoulder-length blonde hair and glasses, with her arms crossed in front of a picture of a truck.

Outlook and Benchmarking

ACT Research offers truck, trailer forecast update

ACT Research in the latest release of its North American Commercial Vehicle Outlook report that expectations for Class 8 and trailers remain relatively the same in November.

November 14, 2023

Truck plant image

Growth strategies

New parts distribution facility opens in New Jersey

"We are excited to build a great company that our employees and vendor partners will be proud of," says CEO John Ferry. "Our goal is to create value to the customer and we understand that our people are our most valuable asset."

November 13, 2023

Used truck depreciation slowing but price unlikely to turn until 2024

The used truck market got more reassurance there is light at the end of the tunnel Friday, as J.D. Power Director of Specialty Vehicles Chris Visser offered his insights into the market for 2024 at the UTA Convention in San Antonio.

November 10, 2023

J.D. Power's Chris Visser speaking at UTA Convention

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Truck on interstate driving

Late-model depreciation gently slowing for used trucks

"One month is not a trend, but any relaxation of depreciation would logically show up first in newer trucks, so cautious optimism is not out of the question," J.D. Power reports.

Kriete Group chargers

How electric trucks may transform dealer revenue streams

The image on the left shows a sign being taken down and the image on the right shows a new FleetPride sign in its place.

Rebranding demands strategy, communication

J.D. Power's Chris Visser speaking at UTA Convention

Used truck depreciation slowing but price unlikely to turn until 2024

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Used Truck Guide Cover

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