Business: Page 2

MHC opens new leasing facility
“MHC Truck Leasing has been proudly serving the Tulsa community for nearly 30 years. As our customer base and teams have grown, it was clear that we needed to expand as well,” says MHC Regional Vice President Brian Hall.
May 17, 2023
Orange Kenworth truck in parking lot
FleetPride donates $185,000 to St. Jude's Children's Research Hospital
"Giving back to our community is a core tenet at FleetPride, and we are proud to partner once again with St. Jude Children's Research Hospital as the focus of our Giving Tuesday campaign," says Beth Corl with FleetPride.
May 17, 2023
A group of people, some wearing St. Jude and some wearing FleetPride shirts, stand on stage in a crowded ballroom holding a giant check.
Felling gets patent for ramp systems
U.S. Patent 11,613,197 was awarded to Felling for its air bi-fold ramps system. The system was first introduced in 2020 on Felling's 25-ton FT-50-3 LP, a tri-axle, low-profile flatbed tag trailer.
May 16, 2023
Felling Red
Ryder announces new corporate offices
Ryder System is moving its headquarters to Coral Gables, Fla. “In our 90th year, it was important that we honor our founding and remain headquartered in Miami-Dade County, which continues to be a logistics gateway,” says Ryder CEO Robert Sanchez.
May 16, 2023
Ryder's new corporate headquarters
Bridgestone breaks ground on Bandag plant expansion
The $60 million investment in the Bandag retread plant will add 50,000 square feet to the Texas facility.
May 16, 2023
A group of people holding shovels on a construction site.
Preliminary trailer orders show another dip in April
ACT Research announced Tuesday April’s preliminary net trailer orders decreased sequentially last month and were lower against longer-term comparisons.
May 16, 2023
ACT April 2023 trailer orders
ACT, FTR analysts give glimpse into financial futures
"We've spent most of the past year warning about a potential recession," ACT President and Senior Analyst Kenny Vieth says. "We think broader conditions are softening, and we reiterate our cautious view."
May 11, 2023
A graph showing the prices for core services remaining flat or rising while the prices for core goods drop, showing an average slow tick downward for inflation.
TA stockholders approve sale to BP
TravelCenters of America announced Wednesday that TA stockholders voted during a special meeting to approve TA’s merger with and into a wholly-owned indirect subsidiary of BP.
May 10, 2023
TA store front
Webinar addressing dealership valuations set for May 18
Performance Brokerage Services, Morgan Stanley and KEA Advisors will hold a joint webinar on Thursday, May 18, titled "Understanding the Value of Your Commercial Truck Dealership."
May 10, 2023
Customer shaking hands with sales person
NTDA seeks board nominations; scholarship applications open
National Trailer Dealers Association has spots for three dealer openings on the 2023-2024 board of directors. Elected members serve three-year terms that will begin Oct. 4.
May 9, 2023
NTDA logo
Nikola, Iveco announce update to joint venture
Beginning now, Iveco Group will concentrate on Europe for the further development and commercialization of its own battery electric and fuel cell electric trucks. Nikola will focus its operations in North America.
May 9, 2023
Nikola_FCEV truck
Penske Truck Leasing opens Washington location
"We’ve been growing steadily in the northwest region and required a larger space to accommodate our increasing customer base in and around the Pasco area," says Chavela Brown, area vice president – northwest region, Penske Truck Leasing
May 9, 2023
Penske Truck Leasing in Pasco, Wash.
FleetPride continues busy stretch, adds Washington facility
This acquisition gives customers in northwest Washington access to FleetPride's advanced supply chain and provides future employees with career development opportunities, including FleetPride Tech University, FleetPride says.
May 9, 2023
Zender Truck & Equipment purchased by FleetPride
ATRI sets research priorities for 2023
The American Transportation Research Institute board of directors approved new goals at the mid-year meeting in Florida.
May 8, 2023
ATRI logo
Pandemic spurs growth in remanufactured parts trade
“[Truck owners] are starting to see another positive for their bottom line when it comes to reman,” Joe Gonzales of Vehicle Reman says.
May 1, 2023
Someone works on remanufacturing a turbocharger.
TruckPro nabs Massachusetts service shop
TruckPro announced Thursday the acquisition of the assets related to the operations of Matuszko Trailer Repair, a family-owned business owned and operated by Jim, Mike and Dan Matuszko and located in Sunderland, Mass.
May 4, 2023
TruckPro logo
Suppliers share how they evaluate, onboard new distribution points
Commercial vehicle suppliers are very protective of their distribution networks. They don't add points of sale haphazardly. When considering a network expansion, vendors rely on conversations with existing partners and network analysis to find good fits.
May 3, 2023
North American distribution map for supplier
Power Heavy Duty adds location in Houston
“The addition of this distributor expands our network’s footprint in one of the nation’s most populous cities, and we look forward to supporting Complete Auto & Truck Parts’ continued success through Power Heavy Duty,” says Jim Pennig.
May 3, 2023
Power Heavy Duty logo
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Political battle over debt ceiling
Finance
Will debt ceiling drama be avoided?
The U.S. owes more than $31 trillion. Just like many households have mortgages, car notes and credit cards, the U.S. government also carries debts that allow it to pay for programs and services for Americans.
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Connected vehicle technology
Telematics
What fleets are saying about remote diagnostics
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Battery electric
Cummins announces EV charging partnership with Heliox
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