Volvo Group reported record second-quarter profits with strong sales offset by one-time charges for getting out of the bus business in the U.S. and settling price-fixing allegations in Europe. The strong results came despite lower truck orders and declining market share. Still, Volvo increased industrywide estimates for heavy truck sales in Europe and North America….
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By Marc S. Blubaugh The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. The freight brokerage industry began humming Meat Loaf’s 1977 power ballad “Two Out of Three Ain’t Bad” Tuesday when the U.S. Court of Appeals for the 7th Circuit became…
Allen Schaeffer sits in the middle of the multidirectional push and debate over what will be driving the powertrain of tomorrow’s trucks. He is the executive director of the Diesel Technology Forum (DTF), a trade group of suppliers along the diesel engine supply chain. And recently, he’s been busy. Some of his group’s members were…
Shortly after less-than-truckload carrier Yellow Corp. said Tuesday it would go through with plans to defer required contributions to funds managed by Central States Funds, the International Brotherhood of Teamsters issued a strike notice. The notice said a work stoppage could occur as soon as Monday. “Yellow has failed its workers once again and continues…