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Truck and automobile parts maker Visteon Corp. reported its third-quarter net income dropped and announced a $100 million restructuring, while Commercial Vehicle Group also provided a quarterly profit.

Equipment financing activity within the trucking industry rose to $4.17 billion in 2011, a 3.5% gain from $4.03 billion in 2010, the Equipment Leasing and Finance Association reported.

The Senate has rejected a bill that would have brought back the bonus depreciation tax deduction for capital spending, a proposal backed by American Trucking Associations.

To keep their customers’ equipment up and running, truck dealers are increasingly relying on complex algorithms and predictive modeling to maintain inventory levels that will ensure they have the parts truckers need right when they need them, according to dealers and manufacturers.

Balqon Corp., which makes electric drive and battery systems for heavy trucks, said it intends to sell 8.2 million shares of its stock to the public.

The National Truck Equipment Association installed Steven Sill, president of the Aspen Equipment Co., as its new president, replacing Allen Birmingham.

NEW YORK — Fleet executives warned that the continuing, though modest, rise in freight volumes won’t trigger an immediate surge in equipment orders.