Commercial vehicle supplier Meritor Inc. reported net income and revenue rose in its fiscal third quarter, driven by broad increases in truck production plus new business wins.
August 3, 2017Business
Wal-Mart Will Punish Its Suppliers for Delivering Early
Long known for squeezing its vast network of suppliers, Wal-Mart Stores Inc. is about to step up the pressure. The focus this time is delivery scheduling, and the company’s not messing around. Two days late? That’ll earn you a fine. One day early? That’s a fine, too. Right on-time but goods aren’t packed properly? You guessed it — fined.
July 12, 2017Business, Equipment
Allison, Dana, Eaton See Higher Profits; Meritor Earnings Decline on Tax Expense
Three leading commercial vehicle suppliers notched quarterly gains in net income and revenue for the period ended March 31, while a fourth supplier posted declines in both areas but expressed optimism that its financial performance would improve later this year.
May 8, 2017Business, Equipment
Suppliers Continue to Find Opportunities Despite OEMs’ Vertical Integration Push
Truck makers are putting their respective names on more and more of the key components in the Class 8 trucks they build, expanding on their earlier move into manufacturing proprietary engines. They’re now adding axles, transmissions, collision mitigation systems and even fluids.
April 24, 2017Business, Equipment
Profits Mixed for Trucking Suppliers Wabash, Eaton, Meritor and Arconic
Three commercial vehicle suppliers and a trailer manufacturer posted, in most cases, lower but still positive earnings in their latest reports.
February 6, 2017Business, Equipment
Component Supplier Rassini Expands to North American Heavy-Truck Market
Rassini, a Mexico-based supplier of suspension and brake components, said it has expanded its offerings to include leaf springs for the North American commercial-truck market.
July 2, 2015Business, Equipment
Parts Supplier Dex Opens Facility in North Carolina
Dex Heavy Duty Parts, a Volvo Group subsidiary that supplies recycled, renovated and surplus truck parts, has opened a facility in Advance, North Carolina.
June 1, 2015Business, Equipment
Trucking Suppliers Report Higher 3Q Earnings
Several trucking industry suppliers reported higher third-quarter earnings, citing strength in North American on-highway markets.
October 29, 2014Government, Business, Equipment
Appeals Court Transfers Jurisdiction on ‘Conflict Minerals’ Case to Lower Court
A federal appeals court has ruled that a legal challenge to the Securities and Exchange Commission’s “conflict minerals” reporting rule must first be adjudicated in a civil federal district court.
May 14, 2013Business, Equipment
Suppliers’ Quarterly Net Income Declines
Most leading suppliers to the trucking industry that reported earnings late last month said profits declined, or turned to losses, in the first three months of 2013.
May 6, 2013