Latest News Updates From Keiron Greenhalgh

Business, For-Hire

Heartland Express in Red for Q3 Again but Loss Narrows

Losses at Heartland Express narrowed year over year in the third quarter as both legacy brands and two more recently acquired units turned in an improved performance.

November 6, 2024
Business, Technology, Equipment

Eaton Q3 Profit Climbs 13.2% Behind Data Center Growth

Eaton Corp.’s profit climbed 13.2% in the third quarter as revenue growth from data center expansions around the globe provided the biggest boost.

November 6, 2024
Business, Equipment

Cummins Q3 Profit Jumps 23.3% on Data Center Generator Needs

Buoyant appetite for data center power generators underpinned a 23.3% year-on-year jump in Cummins Inc.’s profit in the third quarter, trumping weak demand for heavy-duty truck engines.

November 5, 2024
Business, For-Hire

Ongoing Truckload Weakness, Helene Hurt P.A.M. Q3 Profit

Profits at P.A.M. Transport slumped 61% in the third quarter of 2024 on the back of continued truckload market weakness and the impact of Hurricane Helene.

November 5, 2024
Business, Technology, Equipment, Fuel

Nikola Q3 Losses Halve as Hunt for More Funding Ramps Up

Losses at truck maker Nikola more than halved year on year in the third quarter as a result of record sales, cost cutting and the absence of expenses incurred in the year-ago period.

November 4, 2024
Business, Technology, Equipment, Fuel

Allison Q3 Profit Surges 26.6% on Vocational Truck Demand

Allison Transmission’s profit in the third quarter jumped 26.6% on the back of demand for Class 8 vocational trucks in North America, with executives saying it shows no sign of slowing down.

November 4, 2024
Business, Equipment

Truckload Turnaround, Pre-Buy to Boost 2025 Sales, OEMs Say

Truck makers are becoming more optimistic about the prospects for 2025 Class 8 purchases.

October 31, 2024
Business, Logistics

Refrigerated Rates’ Near-Term Upside Likely Limited: FTR

Rates will improve in 2025, however, as will volumes, FTR Vice President of Trucking Avery Vise said during the research group’s Q4 2024 Food Industry Economic and Transportation Update.

October 30, 2024
Business, Equipment

Holt Truck Centers Expands With Kyrish Acquisition

Following the deal, Holt Truck Centers will have 35 locations, which the parent company said would make it the third-largest International Motors dealership in the U.S.

October 29, 2024
Business, Equipment

International Motors Q3 Profit Almost Doubles as Sales Soar

Profit at International Motors almost doubled year on year in Q3 as the OEM cleared a delivery backlog caused by a Q2 fire at a mirror supplier, with truck sales jumping more than 40%.

October 28, 2024