Heavy-Duty Repair Revenue Recovers to Pre-COVID Norms
ORLANDO, Fla. — The heavy-duty repair shop industry has seen business levels return to where they were before the coronavirus pandemic, a new report determined.
Michelin Launches Sustainability-Focused Fleet Management Brand
ORLANDO, Fla. — Michelin launched a fleet management brand focused on improving sustainability in commercial trucking, the company announced Feb. 26. The Michelin Connected Fleet brand brings a portfolio of data-driven solutions to the industry.
January Net Trailer Orders Drop 58% Following Year-End Surge
U.S. trailer orders in January decreased 9% year-over-year to 24,300 from 26,595 a year earlier, reported ACT Research. This comes a month after net trailer orders reached their second-highest level on record at 57,300. Also, orders dropped 58% from near-record results the prior month.
Market Reacts Positively to BP's TA Acquisition
Industry analysts reacted favorably to the news that TravelCenters of America is being acquired by BP Products North America, noting that each company brings elements to the table that help the proposed combination align.
Nikola Earnings Show Revenue Miss, Weak Electric Truck Delivery Forecast
Nikola Corp. posted an earnings loss amid efforts to expand the business during the fourth quarter of 2022, the company reported Feb. 23.
Trucking Industry Grapples With Q4 Slowdown
Motor carriers experienced a financial slowdown in the final months of 2022, as trends that indicate a return to normalized levels of business for the year ahead took hold, industry analysts said.
Uber Freight Launches First Electric Truck Pilot With WattEV
Uber Freight announced it is partnering with electric mobility company WattEV and shipping specialist CHEP on a pilot program to deploy EVs on select routes in Southern California.
Oil Giant BP Acquires TravelCenters of America
TravelCenters of America is being acquired by BP Products North America in a $1.3 billion deal announced Feb. 16.
Kenworth Celebrates 100 Years in Business
Kenworth Truck Co. kicked off its yearlong celebration marking a century since Harry Kent and Edgar Worthington founded the truck manufacturer on Jan. 26, 1923, in Seattle.
January Classes 4-7 Retail Sales Surpass Year-Ago Period
U.S. retail sales for medium-duty trucks experienced a 3.8% increase year-over-year in January, according to data from Wards Intelligence.