Meritor

Business, Technology, Equipment

Meritor Reports FY Q2 Revenue Climbs on Demand, Higher Pricing

Meritor A Meritor booth at an industry show. (John Sommers II for Transport Topics)

Meritor Inc. reported fiscal second-quarter net income dipped and revenue increased primarily driven by higher truck production in most global markets and pricing actions.

Roger Gilroy | Senior Reporter
May 3, 2022
Business, Technology, Equipment, Breaking News

Cummins to Buy Parts Manufacturer Meritor for $3.7 Billion

Cummins' engine plant in Columbus, Ind. Cummins' engine plant in Columbus, Ind. The value of the deal to — at a price of $36.50 a share of Meritor stock — includes assumed debt and net of acquired cash.

Engine maker Cummins Inc. is acquiring components manufacturer Meritor in a $3.7 billion cash deal announced Feb. 22.

Roger Gilroy | Senior Reporter
February 22, 2022
Business, Technology, Equipment

Meritor Reports Higher Income, Revenue in FY Q1

Meritor Meritor via YouTube

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.

Roger Gilroy | Senior Reporter
February 7, 2022
Business, Technology, Equipment

Meritor Forecasts Electrification Will Bring $1.5 Billion in Revenue by 2030

Meritor 14Xe powertrain The 14Xe powertrain showing individual axle control. (Meritor via YouTube)

Meritor Inc. announced several new business awards that expand its role in vehicle electrification, including the medium-duty segment, and broaden its global reach to offset the cyclical North American truck market, its largest customer base.

Roger Gilroy | Senior Reporter
December 8, 2021
Business, Technology, Equipment

Meritor Notches Higher Q4 Net Income, Revenue

Meritor booth at industry show John Sommers II for Transport Topics

Meritor Inc. reported higher fiscal year fourth-quarter net income and revenue thanks to higher global truck production.

Roger Gilroy | Senior Reporter
November 17, 2021
Business, Technology, Equipment, Fuel

Shell, Meritor Make Case for Lower Emissions

Shell Electric vehicle charging station Shell’s energy transition involves multiple options including biofuels, electric charging, natural gas, renewables and hydrogen refueling. (Shell)

LONG BEACH, Calif. — Shell and Meritor Inc. have withstood abrupt changes in an evolving transportation industry because of their ability to adapt to new technologies.

Roger Gilroy | Senior Reporter
September 7, 2021
Business, Equipment

Meritor Reports Higher Revenue, Lower Income in FY Q2

Meritor eAxle John Sommers II for Transport Topics

Meritor Inc. reported higher fiscal second-quarter revenue and lower net income reflecting, respectively, strong truck production and a previous distribution agreement termination.

Roger Gilroy | Senior Reporter
May 4, 2021
Business, Technology, Equipment

Meritor Reports Lower Fiscal-Year Q1 Earnings, Revenue

Meritor logo Meritor via YouTube

Meritor Inc. reported a decline in net income, largely due to interest expenses, and a dip in revenue during its fiscal first quarter.

Roger Gilroy | Senior Reporter
February 3, 2021
Business, Equipment, Fuel

Meritor Reports Lower Profit, Revenue; Transition Plan Announced

Meritor exhibit A Meritor exhibit at a past industry show. (John Sommers II for Transport Topics)

Meritor reported lower fiscal fourth-quarter net income and revenue. The company also announced President and CEO Jay Craig will transition to executive chairman of the board of directors Feb. 28.

Roger Gilroy | Senior Reporter
November 17, 2020
Business, Equipment, Safety

Meritor, DTNA Extend Air Disc Brake Deal

Meritor EX+ LS air disc brake A Meritor EX+ LS air disc brake at an industry show. (John Sommers II for Transport Topics)

Meritor Inc. and Daimler Trucks North America announced that Meritor EX+ LS air disc brakes will be standard on all wheel positions on Freightliner Cascadia truck models through 2025.

November 16, 2020

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