Business

Mergers & Acquisitions
HCTV Ventures acquires High Country Truck and Van
High Country Truck and Van, owned and operated by James (Jim) and Richard (Rick) Cardillo, has operated as a family business since the 1970’s.
May 7, 2021
High Country Truck Van Logo
Growth strategies
Dex Heavy Duty Parts wins local award
The Davie County Chamber of Commerce awarded the Advance, N.C., location of DEX Heavy Duty Parts LLC, a Volvo Group subsidiary and leading supplier of recycled, renovated and surplus medium- and heavy-duty truck parts, as its 2020 Business of the Year.
May 6, 2021
Carey Hubbard, DEX Advance site manager, and Darin Redmon, director of operations for DEX Heavy Duty Truck Parts.
Growth strategies
Engs Commercial Finance updates website
Engs Commercial Finance Co. has launched a new interactive website with improved features that delivers an enhanced experience for visitors.
May 6, 2021
Engs Commercial Finance
Mergers & Acquisitions
Seidel Diesel Group announces two acquisitions
Seidel Diesel Group announced Wednesday it has acquired Turbo Exchange in Concord, N.C., and Bell Turbo in Albany, Ore.
May 5, 2021
Seidel Diesel Group
Growth strategies
Milwaukee Tool to expand corporate operations
Milwaukee Tool has announced the expansion of its corporate operations into downtown Milwaukee.
May 4, 2021
Milwaukee Tool New Building
Outlook and Benchmarking
Meritor reports mixed second-quarter results
Meritor posted sales of $983 million, up $112 million, or approximately 13 percent, from the same period last year. The company's commercial truck segment was up, while its aftermarket business was down year over year.
May 4, 2021
Meritor Inc Logo
Growth strategies
HDA Truck Pride adds Colorado distributor
HDA Truck Pride has picked up its second new Colorado distributor in two years, adding On The Way Truck Parts of Denver on Tuesday.
May 4, 2021
On The Way Truck Parts
Mergers & Acquisitions
Velocity Truck Centers acquires Freightliner dealer locations
These acquisitions extend VTC’s reach into North Carolina from California, Arizona, Hawaii, Nevada, central Tennessee, northern Alabama and southern Kentucky.
May 3, 2021
Dtna Freightliner Trucks
Mergers & Acquisitions
M&K Truck Centers expands reach into Pennsylvania
M&K Truck Centers has acquired the Mack and Hino product lines from Triple Cities Mack for the Scranton, Pa., market, adding access to more than 9,200 prospects and up to 34,000 vehicles in a 50-mile radius, according to RigDig Business Intelligence.
May 3, 2021
M&k Truck Centers Logo
Growth strategies
Midwest Wheel opens Missouri store
Midwest Wheel Companies has opened a new branch in Joplin, Mo. The facility is the company's second store in Missouri and seventh overall.
May 3, 2021
Tps midwest Wheel Min
Growth strategies
Meritor launches search tool for trailer axle components
The selector tool identifies the aftermarket part number in six categories: brake drums, hardware kits, lined shoe kits, wheel seals, wheel bearings and hubs.
April 30, 2021
The Trailer Axle Components Selector Tool helps users find the correct axle step by step.
Business
Volvo Trucks, UAW strike tentative agreement
Both sides say further comment and details on the proposed agreement are being withheld pending ratification by the members of UAW Local #2069.
April 30, 2021
Volvo Uaw Logos
Growth strategies
Meritor facility produces milestone air disc brake for CVs
Meritor announced its York, S.C., manufacturing facility has produced its one millionth air disc brake.
April 29, 2021
Meritor Adb
Growth strategies
JIT Truck Parts now offers Dayco engine drive system parts
JIT Truck Parts’ expansion of Dayco engine parts are designed for the heavy-duty industry servicing semi-trucks, buses and other large commercial vehicles.
April 29, 2021
Shutterstock Engine Parts Graphic
Growth strategies
Velociti opens innovation lab
Velociti has opened the Velociti Innovation Lab to help enterprise businesses design the best technology plan that drives business agility and increased revenue.
April 28, 2021
Connected Warehouse
Growth strategies
Murphy-Hoffman Company opens new Georgia location
MHC says it moved to accommodate growth, provide easier access and offer additional services to customers.
April 28, 2021
Mhc Kenworth South Atlanta
Outlook and Benchmarking
Dana reports strong Q1 financials
Dana Inc. reports sales for the first quarter of 2021 totaled $2.26 billion.
April 28, 2021
Numbers
Mergers & Acquisitions
Market moves: Parts and service sales drive industry acquisitions this month
April was a busy month in the parts and service channel, as several dealers and independent operations made acquisitions to strengthen their market footprints.
April 27, 2021
thumbtack on map with text mergers & acquisitions on photo
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Service and repair
Outfitting the optimal mobile service truck
Properly outfitting a service truck is an essential step in building a viable mobile business. Sending a truck to a unit down customer for service can potentially shave hours or days off their downtime, but only if the truck and tech are prepared.
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Daimler, Paccar, Utility Trailer hit with NHTSA recalls
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Sales coaching/training
How dealers can manage competition from customers
To help bring an end to the global chip shortage, engine and vehicle manufacturers have asked the Biden administration to focus more on addressing their needs for semiconductors.
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Manufacturers call on Biden to fix chip shortage
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Fleets desire to reduce service outsourcing in 2021
Learn how to move your used trucks faster
With unsold used inventory depreciating at a rate of more than 2% monthly, efficient inventory turnover is a must for dealers. Download this eBook to access proven strategies for selling used trucks faster.
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How to Grow & Scale Your Repair Shop
Ever thought about starting your own diesel repair shop? Fullbay’s expanded guide will show you the necessary steps to bring your new business into the world.
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