What does Navistar loss portend for other truck manufacturers?

International construction truck

Navistar International Corp.’s second-quarter fiscal loss from COVID-19-disrupted production in April points to worse numbers for truck manufacturers that will report pandemic-addled results for the April-June quarter.

For Navistar (NYSE: NAV), things likely will get worse in its third quarter, which covers May-July. Its second-quarter report on Thursday, June 4, pointed to the difficulties that manufacturers and suppliers will unpack when they report their second quarter results in July.

None of...

https://s29755.pcdn.co/news/what-does-navistar-loss-portend-for-other-truck-manufacturers?

Report: GM starting electric delivery van program

General Motors electric van


General Motors Co.
is planning an electric delivery van, adding to the list of carmakers and startups planning vehicles for the last-mile delivery segment, according to a Reuters report.

The GM electric van is code-named BV1, the report stated, and is due to go into production in late 2021 at the automaker’s Detroit-Hamtramck factory.

GM spokesman Stuart Fowle said the company is not confirming the news. The automaker has said previously that it will build several other electric vehicles at the...

https://www.freightwaves.com/news/report-gm-starting-electric-delivery-van-program

General Motors to open Mexican factory Wednesday

General Motors’ assembly plant in Silao, Mexico, will resume operations Wednesday, following its COVID-19 shutdown more than six weeks ago.

According to Reuters, GM received approval from the Mexican government to restart the Silao plant, where it assembles Chevrolet Silverado and GMC Sierra pickups, two of its fastest-selling vehicles. 

“We are now beginning a new phase given the Mexican government’s official announcement earlier this week to consider the transportation manufacturing industry as...

https://www.freightwaves.com/news/general-motors-to-open-mexican-factory-wednesday

Mexico aims to restart critical factories and supply chains by Monday

Mexican President Andrés Manuel López Obrador announced on Wednesday morning a plan for the “gradual” resumption of economic activities.

The plan includes restarting factories in the automotive, mining and construction industries by as early as Monday. Other parts of Mexico’s economy and social systems — such as public schools — could reopen by June 1.

“It is not a return to normal, it is the return to the new normality,” Obrador said during his daily press briefing. “There have already been...

https://s29755.pcdn.co/news/mexico-aims-to-restart-critical-factories-and-supply-chains-by-monday

Cushman to step down as CEO at P.A.M. Transportation

P.A.M. rig on highway

P.A.M. Transportation Services (NASDAQ: PTSI) announced that President and CEO Dan Cushman will retire after 11 years at the helm. He will remain with the company in an “advisory role” until July 31.

Cushman’s retirement is effective May 1.

The Tontitown, Arkansas-based truckload (TL) carrier plans to begin an “internal and external national search” to fill the vacancy.

“On behalf of the Board of Directors and our entire company, I want to sincerely thank Dan for his transformative leadership and...

https://www.freightwaves.com/news/cushman-to-step-down-as-ceo-at-pam-transportation

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon