The U.S. average retail price of diesel crept up 0.6 cent to $3.226 a gallon while crude oil prices jumped higher as Middle East tensions continued.

Heavy-duty vehicle supplier Hyliion has acquired the battery division of Gentherm Inc., a move intended to consolidate control of its battery technology supply chain that underpins its 6X4HE hybrid-electric axle.

P.A.M. Transportation Services Inc. reported a surge in net income and stronger revenue for the second quarter amid lower operating ratios, respectively, at its truckload and logistics units.

Daimler AG announced its board has approved a restructuring, first discussed in 2017, that would create three independent units under Daimler’s umbrella as a holding company after the most thorough due diligence in the company’s 130-year history.

German car and truck maker Daimler AG reported second-quarter net income and revenue fell amid a slight increase in overall vehicle sales, driven by larger gains at its Mercedes-Benz Vans and Daimler Trucks units.

A dip in demand, shortages of vocational trucks and higher prices for the average Class 8 truck marked the used truck market in June, experts said.

Truck dealership network Rush Enterprises Inc. saw revenue increase and net income spike 33% in the second quarter and announced its first-ever quarterly dividend.

U.S. trailer orders in June passed 20,000 but declined for the first time in 18 months, year-over-year, held back by a fall-off in dry van orders, ACT Research Co. reported.

Truck maker Paccar Inc. in the second quarter rode strong performances from all sectors of its business to record quarterly revenue and a surge in net income.

ROSEVILLE, Minn. — Horton Holding Inc. will launch in September new variable-speed fan drives and fan blades designed to improve commercial vehicle cooling system performance and help engine makers meet the increasingly stringent requirements in Phase 2 of the federal greenhouse-gas regulations.