National Truck Driver Appreciation Week (NTDAW) is Sept. 10-16, 2017, but Love's Travel Stops announced it is turning that week into an entire month. Throughout September, thousands of drivers will win $100 in My Love Rewards points and one driver will win $10,000 in points.
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Navistar International Corp. on Sept. 6 announced that it rolled back into the black during its fiscal third quarter with a profit of $37 million, although it would have been higher had it not been involved in litigation over its earlier model engines.
The profit of 38 cents per share compares to a year-earlier loss of $34 million, or 42 cents per share, while revenue increased 6% to $2.2 billion, primarily due to an increase in truck segment volumes, according to the truck and engine manufacturer.
The third quarter of fiscal 2017 had adjustments that including a $31 million charge for a legacy engine litigation matter, $6 million of pre-existing warranty charges, and a $3 million net benefit in asset impairments and restructuring costs.
"We returned to profitability this quarter thanks to strong operational performance across the board, highlighted by a 15% increase in chargeouts and solid market share gains amid flat industry conditions, and strengthening margins," said Troy A. Clarke, Navistar chairman, president and CEO. "We also moved ahead with new products and solutions that position us well for ongoing growth, while continuing to restructure our business to improve our future competitiveness."
Chargeouts are defined as trucks that have been invoiced to customers, with units held in dealer inventory primarily representing the difference between retail deliveries and chargeouts.
Truck segment net sales increased 10% to $1.5 billion compared to third quarter 2016, due to higher volumes in its core markets of Class 6-8 trucks and buses in the United States and Canada, plus an increase in Mexico truck volumes, and the production ramp up of GM-branded units manufactured at Navistar's Springfield, Ohio plant. Chargeouts in the company's core markets increased by 15% during the third quarter.
In the third quarter of 2017, Truck segment results improved by $61 million year-over-year, recording a $7 million ...Read the rest of this story
The Dart Network, ATBS and Drivers Legal Plan announced the launch of an education initiative and a website dedicated to preparing over-the-road professional drivers for the upcoming transition to electronic logging devices (ELDs). Through ELDLunchAndLearn.com, Dart, ATBS and Drivers Legal Plan have constructed a web-based platform of resources focused on providing information that will allow professional drivers to prepare ahead of the December deadline for the federally-mandated implementation of ELDs.
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...Read the rest of this storyFollowing massive flooding generated by Hurricane Harvey in the Gulf Coast region of Texas, in part due to the storm dumping over 50 inches of rain in some locations, U.S. military teams fanned out to conduct search and rescue operations while efforts to re-open vital Texas sea ports and truck in relief supplies shifted into high gear.
...Read the rest of this storyTo say that James Arthur Haslam II loves football is a little like saying Mount Everest is a big hill.
Indeed, for most of his young adult life, all Haslam did was live and breathe football 24/7.
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...Read the rest of this storyWith National Truck Driver Appreciation Week just around the corner – running from Sept. 10 through Sept. 16 this year – fleets are no doubt preparing special events such as cookouts and contests to celebrate the work commercial motor vehicle operators perform day in and day out.
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...Read the rest of this storyThe state of Oregon's recently enacted $5.3 billion transportation funding legislation was met with a mostly positive assessment by the state's trucking group for adding highway capacity while increasing accountability within the government.
The bill was officially signed into law in mid-August by Gov. Kate Brown. She then went on a five-city celebratory signing ceremony tour around the state to highlight different aspects of the law.
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