Business: Page 2

Growth strategies
Volvo, Mack dealer opens 120,000 sq.-ft. location in Houston
“Our goal is to exceed customer expectations with our entire product and service offering,” says Tom Ewing of Vanguard Truck Centers. “We believe our new Houston location provides a best-in-class experience for our employees and customers."
February 18, 2021
Volvo Trucks Dealer Vanguard Houston
Mergers & Acquisitions
Federal Signal completes acquisition of OSW
Federal Signal Corporation announced the completion of the acquisition of OSW Equipment and Repair for cash considerations.
February 18, 2021
Shutterstock Businessmen Face To Face
Outlook and Benchmarking
Dana reports fourth quarter sales totaled $2.11 billion
Sales for the fourth quarter of 2020 totaled $2.11 billion, compared with $1.99 billion in the same period of 2019, representing a $121 million improvement.
February 18, 2021
Shutterstock Spreadsheet Pen
Mergers & Acquisitions
Dickinson Fleet Services continues growth trajectory
Dickinson Fleet Services says the acquisition bolsters the geographic reach of the company's nationwide fleet services, including shop service, scheduled on-site maintenance and emergency mobile repair.
February 17, 2021
Dickinson Fleet Services
Growth strategies
American Trailer Rental Group expands into St. Louis
“This important expansion continues our strategic objective to build a national footprint via greenfield developments and strategic acquisitions," says ATRG CEO Jonathan Brooks.
February 17, 2021
Meisler Logo
Mergers & Acquisitions
Gamber-Johnson acquires Premier Mounts
Premier Mounts will become a Gamber-Johnson brand with main office functions remaining in Southern California.
February 17, 2021
(Pictured L to R): Brian Wagner, president and CEO of Gamber-Johnson; Len Dozier, owner and CEO of Premier Mounts; and Gautam Malik, chief operating officer of Gamber-Johnson.
Outlook and Benchmarking
TMC Annual Meeting goes virtual, transportation expo shifted to fall
TMC says its annual meeting will be held as a virtual event across two weeks in April, with its regular product expo being moved to its fall meeting in September so it can be held in person.
February 16, 2021
Tmc 187 Ata 0
Mergers & Acquisitions
Corcentric acquires B2B payments firm to ease supplier expenditures
Corcentric has acquired Vendorin from Juvo Technologies for a purchase price of $100 million.
February 16, 2021
Shutterstock Cash In Mailbox
Outlook and Benchmarking
New Jersey operation named Mack's top dealer in 2020
Mack presents its Dealer of the Year awards to dealers that exceed business targets for sales, parts and leasing, as well as those that continue to grow the business and score highly among customers for satisfaction.
February 15, 2021
210215 Bergeys Truck Centers
Outlook and Benchmarking
Chris Christie to keynote TRALA Annual Meeting
Gov. Chris Christie will serve as keynote speaker at the 2021 TRALA Annual Meeting, set for April 11-14, 2021, virtually as well as in-person at the JW Marriott in San Antonio.
February 12, 2021
Trala Logo
Battery electric
GreenPower, Forest River enter into purchase agreement
The purpose-built all-electric EV Star CC will be used in a new line of Forest River zero-emission product offerings.
February 12, 2021
Green Power
Growth strategies
Navistar acquires second property in San Antonio
“We’re increasing our investment in San Antonio because local and state leaders have created a business climate that supports manufacturing ,” says Persio Lisboa, Navistar president and CEO.
February 12, 2021
Ahead of Navistar's San Antonio manufacturing plant launch, the company acquires second property in the area.
Outlook and Benchmarking
Rush reports annual revenues of $4.7 billion, net income of $114.9 million
“Given the uphill battles we faced in 2020, including the COVID-19 pandemic ... we are very proud of our strong financial results last year,” says Rush Enterprises CEO W.M. “Rusty” Rush.
February 11, 2021
Rush Truck Centers San Antonio 3
Growth strategies
Shyft expands footprint, grows truck and service body offerings
The Shyft Group now offers full service truck body mounting for its Royal Truck Body, DuraMag and Magnum products at its new Shyft Upfit Center in Michigan.
February 10, 2021
Shyft Upfitted Truck
Mergers & Acquisitions
Canadian distributor acquired by investment firm
White Spruce Partners, a family office investment firm, has acquired North End Auto Spring Ltd. The acquisition is effective Feb. 8, 2021.
February 9, 2021
Logo Top
Mergers & Acquisitions
iTA Truck Sales and Service acquires International dealer in Louisiana
The agreement includes the exclusive rights to sell International trucks and IC buses manufactured by Navistar.
February 9, 2021
Shutterstock Shaking Hands
Growth strategies
Toth Automotive joins HDA Truck Pride
The company occupies a 7,200 sq.-ft. warehouse and supports a complete offering of product categories, working with HDA Truck Pride’s key supplier partners. In addition to parts sales, the company also rebuilds transmissions, differentials, fan clutches.
February 9, 2021
Shutterstock 1717786618
Outlook and Benchmarking
Kenworth announces it achieves market share records
Kenworth announced it has achieved retail sales market share records for the U.S. and Canada in Class 8 trucks and in medium-duty vehicles in 2020.
February 8, 2021
Kenworth T680 76 In Sleeper
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Business operations
Building cohesive pricing strategies key to parts distributors’ e-commerce success
To have a functional, flexible and comprehensive pricing matrix in today’s aftermarket, distributors must also be masters of their digital footprints.
Volvo Vnr Electric Charging Location
Commentary
Understanding the longer term purchase potential for alternative powertrains
Nikola Two
Class 7-8
Nikola teases details about coming commercial truck program
2022 F Series With Cummins Diesel Engine
Class 3-6
Isuzu partners with Shyft Group for chassis production
Parked Trucks Min
Used trucks
Used prices expectedly rise thanks to lower volumes in January, J.D. Power reports
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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Used Truck Guide Cover
White Papers
State of Heavy-Duty Repair
Heavy-duty repair shops don’t face the same challenges as their light-duty counterparts – so why are they so often lumped together?
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