Business, Equipment

Class 8 Truck Orders Jump 45% in July

North American Class 8 truck orders rose year-over-year for a third month in a row in July, according to ACT Research.

Keiron Greenhalgh | Staff Reporter
August 7, 2023
Business, Logistics

Canada’s Titanium Transportation Buys Georgia’s Crane

Titanium Transportation Group acquired Oakwood, Ga.-based Crane Transport to drive growth of the Canadian company’s U.S. logistics business, it said.

Keiron Greenhalgh | Staff Reporter
August 4, 2023
Business, Equipment

Weaker Truck Sector Tire Demand Induces Q2 Loss at Goodyear

Weaker demand from the U.S. and European commercial truck sectors resulted in a second-quarter 2023 loss at Goodyear Tire & Rubber Co.

Keiron Greenhalgh | Staff Reporter
August 3, 2023
Business, Technology, Equipment

Meritor, Heavy-Duty Truck Engine Sales Boost Cummins Profits

Profits at Cummins Inc. rose to $720 million in the second quarter of 2023 from $702 million in the year-ago period on the back of a jump in sales, including at newly acquired Meritor.

Keiron Greenhalgh | Staff Reporter
August 3, 2023
Business, Logistics

Weaker Freight Rates, Brokerage Gross Margin Hurt RXO Profits

Lower freight rates, a moderation in brokerage gross margin and the cost of operating as a stand-alone public company hurt profits at RXO Inc. in the second quarter of 2023.

Keiron Greenhalgh | Staff Reporter
August 2, 2023
Business, Logistics, For-Hire

TFI Q2 Profit Dips by More Than 50% on Lower Freight Volumes

Profits at TFI International Inc. more than halved in the second quarter of 2023 to $128.2 million from $276.8 million in the year-ago period, the company said.

Keiron Greenhalgh | Staff Reporter
August 2, 2023
Business, Equipment

Eaton Q2 Profit Jumps 23.8%

Eaton Corp. posted net income of $744 million in the second quarter of 2023, a 23.8% increase compared with a $601 million profit in the same period a year earlier.

Keiron Greenhalgh | Staff Reporter
August 2, 2023
Government, Fuel

Diesel Price Blows Past $4 a Gallon With 22.2¢ Surge

Proving last week’s surge wasn’t a fluke, the national average diesel price skyrocketed 22.2 cents to reach $4.127 a gallon, according to the Energy Information Administration.

Keiron Greenhalgh | Staff Reporter
August 2, 2023
Business, Technology, Equipment, Fuel, For-Hire

Nikola Begins Production of Hydrogen Fuel Cell Class 8 Truck

Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.

Keiron Greenhalgh | Staff Reporter
August 2, 2023
Business, Equipment

Daimler Truck Q2 Profit Rises on Sales Tailwind

Daimler Truck posted a net profit of $1.101 billion in the three months that ended June 30, compared with $1.037 billion in the year-ago period, the company said Aug. 1.

Keiron Greenhalgh | Staff Reporter
August 1, 2023