LISLE, Ill. – Navistar International Corp. reported yesterday a loss of $62 million for the first quarter of 2017, an 87.9 percent drop from the same quarter last year, when the truck and engine OEM lost $33 million. Revenue decreased 5.7 percent to $1.66 billion from last year’s $1.77 billion, according to the company’s filing with the U.S. Securities and Exchange Commission.
The national on-highway diesel price average eked up 2 tenths of a penny Monday to $2.579 compared with $2.577 last week, but it was a mixed bag as to which one of the Energy Information Administration’s 10 reporting regions went up in price and which went down.
VAN BUREN, Ark. — USAT Logistics, a division of USA Truck has expanded its portfolio of logistics solutions with the establishment of USAT Logistics de Mexico, located in Celaya, Guanajuato.
Bloomington, IN — Preliminary Class 8 net orders for February rose 28 percent from the same period last year to 22,900 units, analysts at FTR Intel reported today, adding that the total represented a 5 percent increase from January 2017. The steady order trend has now pushed backlogs to over 100,000 units for the first time since June 2016, FTR stated.
FORT SMITH, Ark. — ArcBest said its employee training program operated by less-than-truckload carrier ABF Freight placed 13th among Training magazine’s Training Top 125, which ranks companies’ excellence in employer-sponsored training and development programs.
COLUMBUS, Ind. – January used Class 8 truck same dealer sales volumes started 2017 with a bang, according to ACT Research. The total rose 48 percent over an admittedly lackluster January 2016 to a total of 3,128, said Steve Tam, Vice President of ACT February 28.