Cummins Sees Q3 Profit, Income Decline
Cummins Inc. reported lower net income and revenue in the third quarter, mirroring in part the drop in truck production.
October 27, 2020Daily Briefings from Transport Topics
Transport Topics has partnered with Spoken Layer to make one-minute daily briefings available on all your smart devices. Simply say “Alexa, play Transport Topics” or “Okay Google, talk to Transport Topics” to get the day’s biggest trucking headlines.
September Factory Orders Up 1.9%
Orders to U.S. factories for big-ticket manufactured goods rose a stronger-than-expected 1.9% in September with a key category that tracks business investment showing a solid gain as well.
October 27, 2020Daimler, Waymo Partner to Develop Autonomous Trucks
Daimler Trucks and Waymo have announced an agreement to produce highly automated Level 4 commercial vehicles by combining Daimler’s trucks with Waymo’s technology.
October 27, 2020Haldex Posts Q3 Net Loss as Production Falters in Key Markets
Braking systems and air-suspension supplier Haldex reported a net loss on lower revenue in the third quarter.
October 26, 2020Rush Records Lower Profit on Reduced Revenue
Truck dealership Rush Enterprises posted lower net income and revenue as it forecast a gradual recovery from the effects of the COVID-19 pandemic.
October 26, 2020Daimler Records Higher Net Income on Lower Revenue in Q3
Daimler AG reported higher net income on lower revenue in the third quarter as core markets began to recover from the impact of COVID-19.
October 23, 2020Whiting Systems Opens New Georgia Distribution Center
Whiting Systems opened a new distribution fulfillment center in Georgia, the company announced Oct. 21.
October 23, 2020Continental Is Said to Explore Sale of Turbocharger Business
Continental AG is exploring a sale of its turbocharger unit as the German auto-parts maker conducts a major restructuring to stem losses, according to people familiar with the matter.
October 22, 2020Allison Gears Up for E-Axles
Allison Transmission Inc., widely known for its medium- and heavy-duty fully automatic transmissions, announced the launch of eGen Power, its series of zero-emission electric axles.
October 21, 2020Analysts View Traton, Navistar Deal as Win-Win
Navistar International Corp. is on the verge of becoming a subsidiary of German truck maker Traton SE, a step analysts said is a positive development for both companies.
October 20, 2020