Government, Business, Technology, Fuel

Study Urges Excise Tax Repeal for Electric Trucking Takeoff

Repeal of the federal excise tax on heavy-duty commercial vehicles should be a key tool in the push to reduce trucking’s greenhouse gas emissions through electrification, a study says.

Keiron Greenhalgh | Staff Reporter
May 12, 2023
Business, Technology, Fuel

Renewable Diesel Output Rises as Alternatives Proliferate

U.S. renewable diesel production took a number of steps forward over the past couple of weeks as two more facilities came online and another ramped up.

Keiron Greenhalgh | Staff Reporter
May 10, 2023
Business, Technology, Equipment

Westport Posts Q1 Loss

Westport Fuel Systems Inc. shifted to the red from the black in the first three months of 2023, it said May 9.

Keiron Greenhalgh | Staff Reporter
May 9, 2023
Business, Technology, Equipment

Nikola to Pause Battery-Electric Truck Production

Nikola Corp. is set to pause battery-electric truck production at its Coolidge, Ariz., facility by the end of May ahead of a pivot in its operations to hydrogen fuel cell vehicles, the company said.

Keiron Greenhalgh | Staff Reporter
May 9, 2023
Business, Equipment

Daimler Truck Q1 Sales Jump

A 15% year-over-year jump in sales at Daimler Truck powered a jump in revenue and profit in the first three months of 2023, and North American sales rose 12% compared with the year-ago period.

Keiron Greenhalgh | Staff Reporter
May 9, 2023
Government, Business, Fuel, For-Hire

Diesel Tumbles 9.6¢ to $3.922 a Gallon

The national average price for a gallon of diesel tumbled 9.6 cents — its largest drop of the year — to reach $3.922,  according to Energy Information Administration data released May 8.

Keiron Greenhalgh | Staff Reporter
May 8, 2023
Government, Business, Technology, Equipment, Fuel

Electrified Fleet Grid Upgrades Could Benefit Utilities

Paying for power grid upgrades trucking companies need to charge electrified medium- and heavy-duty fleets would provide a long-term financial boon to utilities.

Keiron Greenhalgh | Staff Reporter
May 3, 2023
Business, Equipment

Eaton Q1 Profit Rises 19.7% as It Eyes Megaprojects

Profits at Eaton Corp. rose 19.7% in the first quarter of 2023 on sales growth that beat company expectations.

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

Cummins Reports Record Q1 Profits

The impact of buying Meritor along with heavy-duty truck engine sales pushed Cummins Inc.’s earnings to record heights in the first quarter of 2023, the original equipment manufacturer said May 2.

Keiron Greenhalgh | Staff Reporter
May 2, 2023
Business, Technology, Equipment

Traton Q1 Profit Jumps as Sales Rise

Traton SE profits jumped in the first three months of 2023 on the back of higher sales and an asset disposal, with truck production and sales at its North American Navistar unit climbing.

Keiron Greenhalgh | Staff Reporter
May 2, 2023