Altra Industrial Motion Corp. announced it entered into an agreement to sell its Jacobs Vehicle Systems business to Cummins Inc. for $325 million.

The national average price for diesel continued its rampage in the new year, surging 10.5 cents to $3.951 a gallon, according to Energy Information Administration data released Feb. 7.

Power management company Eaton Corp. reported higher net income and modest revenue gains in the fourth quarter, noting that revenue in its vehicle segment dipped but inched up in eMobility — its two smallest segments.

The head of Navistar International Corp. is aiming to reclaim the market strength the company previously owned in the North American Class 8 market, and believes it has the plan and leadership to do it.

Meritor Inc. reported quarterly net income nearly doubled and revenue climbed by about 11%, and cited a rising truck market in multiple regions compared with a year earlier.

Class 8 orders in January plunged compared with a year earlier to just above 21,000, ACT Research reported.

Cummins Inc. reported a decline in fourth-quarter net income on flat revenue as supply chain constraints continued to present headwinds.

Daimler Truck North America, BlackRock Inc.’s Renewable Power Group and NextEra Energy Resources announced a joint venture to create electric charging networks along critical freight corridors on the East and West coasts and Texas beginning by 2026.

Wabash reported a net loss and increased revenue in the fourth quarter as the supply chain continued to struggle to support its production activity, temporarily causing acute disruptions within certain product lines.

Werner Enterprises and Cummins Inc. announced Werner will begin validation and integration of Cummins’ recently announced 15-liter natural gas and 15-liter hydrogen internal combustion engines in its vehicles.