Sources: Eaton Corp., Cleveland; Cummins Inc., Columbus, Ind.; CP staff
Eaton Cummins Automated Transmission Technologies is a new joint venture targeting the global heavy- and medium-duty commercial vehicle market. Eaton and Cummins will hold 50/50 stakes in the entity, whose formation is subject to regulatory approvals and customary closing conditions, but anticipated during the third quarter of 2017.
Original equipment manufacturers anticipate 2016 heavy-duty truck shipments down against near-record 2015 delivery levels, especially due to a drop in demand among mainline freight customers. In the vocational segment, including mixer- and dump-grade models, OEM and body builders report more stable market conditions this year.
A Mack Granite Axle Forward model mounted with a McNeilus 11-yd. Bridgemaster mixer is the centerpiece of the 2014 Concrete Industry Management Program auction, to be staged this month during World of Concrete at the Las Vegas Convention Center.