Category
Equipment
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Equipment sellers to see tougher conditions in 2020: ACT Research
COLUMBUS, Ind. – Tougher conditions are in store for medium- and heavy-duty truck sellers in 2020, according to ACT Research’s latest State of the Industry: NA Classes 5-8 report. “After peak build and sales in 2019, significant declines are ahead…
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Ritchie Bros. names Ann Fandozzi CEO
VANCOUVER, B.C. — Ann Fandozzi has been appointed the chief executive officer of Ritchie Bros. Auctioneers, effective Jan. 6, the company announced this week. Most recently, Fandozzi was the CEO of ABRA Auto Body and Glass, where she laid the…
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Truck-Lite attracts new investor
AUBURN HILLS, Mich. – Private equity firm Genstar has made a “significant” investment in Truck-Lite, which the company says will support its future growth and transformation. Truck-Lite was owned by BDT Capital Partners, Koch Equity Development and Penske. Penske retains…
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Ritchie Bros. launches new inspection service
VANCOUVER, B.C. — Ritchie Bros. is launching an inspection service for fleets by consolidating the work of two of its subsidiaries. IronPlanet and Asset Appraisal Services are already involved in equipment inspection business. The two will become part of a…
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Loving that lease
Several factors can influence a carrier’s decision to purchase a new or used truck to add to its fleet. And with an ever-changing marketplace that demands flexibility, leasing has become a more viable option for those looking for adaptability, peace…
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Trailer orders dropped in November
BLOOMINGTON, Ind. – An abundance of caution over freight conditions caused trailer orders to drop 34% in November, to 20,200 units. FTR’s preliminary trailer order numbers indicated orders dropped 55% from November 2019. FTR reports trailer builders have plenty of…
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Report blasts ministry over truck inspections
TORONTO, Ont. – Ontario’s auditor general has sharply criticized the Ministry of Transportation over falling roadside commercial vehicle inspections, saying not enough is being done to ensure road safety. The rebuke came in the Annual Report released on Wednesday by…
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BYD names Aaron Gillmore VP of truck division
LOS ANGELES, Calif. – Chinese electric vehicle giant BYD has named former Tesla executive Aaron Gillmore vice-president of truck business. In his new role, Gillmore will oversee project management, engineering, sales and aftersales, the company said Wednesday. “Aaron understands the…
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Class 8 orders disappoint in November
BLOOMINGTON, Ind. – North American Class 8 orders came in at a “disappointing” 17,300 units in November, according to preliminary data from FTR. That’s a 21% decrease from October, and the lowest November since 2015. It was also 39% off…
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Penske Truck Leasing turns 50
READING, Pa. – Penske Truck Leasing is celebrating its 50th anniversary, and to commemorate the occasion Pennsylvania’s State Senate declared Dec. 1 Penske Truck Leasing Day. Roger Penske created the company in 1969 through the acquisition of a car and…
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Canadian developing electric landing gear
TORONTO, Ont. – A Canadian tech start-up is looking to electrify landing gear, and has developed a currently available adaptor to ease the job for drivers. Omid Beik, founder of Enercs, first became aware of the demands of deploying landing…
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Kenworth Ontario moves into new Peterborough location
PETERBOROUGH, Ont. – Kenworth Ontario – Peterborough has relocated to a new 22,000 sq.-ft. facility, featuring 10 service bays. It also features an indoor truck showroom, 2,000 sq.-ft. parts department, and 5,100 sq.-ft. parts warehouse. There’s also a driver’s lounge.…
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P.S.I. extends warranty when paired with SKF TFO
Pressure Systems International (PSI) announced it’s offering an extended warranty on its automatic tire inflation system, when paired with SKF’s Trouble-Free Operation (TFO) system. The warranty is extended from five to seven years. The company’s say they’ve worked together to…
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TIP gets green light to buy Trailer Wizards
TORONTO, Ont. – TIP Trailer Services has announced its acquisition of Trailer Wizards has received a no-action letter from Competition Bureau Canada, allowing the deal to proceed. The deal, struck Sept. 4, is expected to close in January 2020, according…
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Larger toolbox from Minimizer
Minimizer has come out with a new 50-inch toolbox. The company says the larger toolbox accommodates a full-size shovel, which customers have been asking for. It’s made from proprietary material the company says won’t rust, corrode, crack, or require paint.…
