James Menzies

Truck tonnage continues climb

U.S. for-hire truck tonnage edged up 0.6% in January, according to the American Trucking Associations (ATA), adding to recent gains.
“January’s gain was the sixth straight totaling 4.4%,” said ATA chief economist Bob Costello.
“The index, which is domi…

Cummins to acquire Meritor

Cummins announced today plans to buy Meritor for US$3.7 billion, or US$36.50 a share.
“The acquisition of Meritor is an important milestone for Cummins. Meritor is an industry leader, and the addition of their complementary strengths will help us addre…