Economy
Truck World Day 1 — a video recap
MISSISSAUGA, Ont. -- Missed Truck World 2018? Don't worry, Equipment editor Jim Park has got you covered with a video update right from the show floor. With a "smoking" Canadian economy being reflected in the trucking industry, business was booming and attendance was the highest seen on day one in a long time. We've got your updates from Mack and Volvo, a look at the Canadian paint job on the Anthem, and so much more. Check it out!
VW shows interest in majority Navistar stake
MUNICH, Germany – Volkswagen is showing interest in acquiring a majority of Navistar “at some point,” building on a minority stake that has already been secured. Volkswagen Truck and Bus acquired 16.6% of Navistar in 2016, and has already committed to developing a joint big bore powertrain for the North American market, as well as a medium-duty electric powertrain. Now Volkswagen's commercial arm is also preparing for a potential stock listing as it looks to take on other global manufacturers including Daimler and Volvo.
Intermodal volumes on the rise
BLOOMINGTON, Ind. -- Intermodal volumes and related rates are on the rise this year, buoyed by a strong U.S. economy, but a shortage of rail capacity is also pushing more of the freight onto trucks, FTR Transportation Intelligence reports. “We’re still expecting healthy growth in rates, even in the back half of the year,” said senior transportation analyst Todd Tanausky, during a webinar on the topic.
