Equipment

Heinz Hermann Thiele is about $6 billion richer after last week’s initial public offering of his largest asset, Knorr-Bremse AG, the world’s biggest maker of truck and train braking systems. The IPO makes him Germany's fourth-richest person, with a net worth of $15.3 billion, according to the Bloomberg Billionaires Index.

Medium-duty commercial battery-electric vehicles are a viable alternative to diesel and gasoline-powered Classes 3-6 trucks in urban settings where the freight haul is less than 100 miles, according to a new guidance report from the North American Council for Freight Efficiency.

It has been 25 years since a Texas family purchased the patent for a device that would keep truck tires inflated, a move that proved prescient.

U.S. retail sales of medium-duty trucks overall nudged higher in September, led by Class 6, the only sector to improve, WardsAuto.com reported.

Four House Democrats have asked the Environmental Protection Agency Inspector General to investigate a glider truck study by a Tennessee Tech University researcher. The study already is the subject of a research misconduct investigation by the university.

U.S. Class 8 retail sales in September reached 23,648, the second-highest total of the year, WardsAuto.com reported. It was a sign that persistent supply chain woes had loosened enough for truck makers to bring down a backlog of partially built trucks and send them off to fleets and dealers, analysts said.

Cummins Inc. and Isuzu Motors announced they have signed a letter of intent to jointly evaluate opportunities to deliver globally competitive powertrain products.

Two settlements worth up to $15 million have been reached with Webasto and Espar in a class-action lawsuit over aftermarket parking heaters, the U.S. District Court for the Eastern District of New York announced.