Author: Transport Topics

Independent fleet management firm Dickinson Fleet Services has purchased Fleet Enterprises Inc. and its operations in Indiana, Kentucky, Michigan, Ohio and Pennsylvania.

The term “relevant” is used frequently to describe industries, products and services, and whether the subjects of those discussions have any relevance to modern society can cause fiery debate.

Heavy-equipment manufacturer Cummins on May 1 reported first-quarter 2018 net income of $325 million, or $1.96 per diluted share. That is a drop of $71 million and $0.40 per share compared with the first quarter of 2017.

Haldex AB reported net income doubled in the first quarter as revenue rose 9% amid growing demand for the Scandinavian company’s brake adjusters, disc brakes and actuators.

Dana Inc. reported April 30 first-quarter net income of $108 million, or 73 cents per share, on revenue of $2.1 billion, a 26% rise from $1.7 billion in the first quarter of 2017.

Allison Transmission reported first-quarter 2018 net income of $151 million, or $1.09 per share, up 82% from the $83 million, or 53 cents per share, of net income reported in the first quarter of 2017.

Two longtime employee-owned rivals have signed an agreement to merge after working independently in the truck parts and service business since the end of World War II.

Here’s the solution to the crossword puzzle found in the April 30, 2018 print edition.

Danish autonomous robot manufacturer Mobile Industrial Robots was acquired by Teradyne Inc. for $148 million in cash, with an additional $124 million paid if several performance milestones are met through 2020.

Mack Trucks North America plans to have a fully electric Mack LR refuse model equipped with an integrated Mack electric drivetrain operating in North America in 2019.