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, 2024Latest News Updates From Keiron Greenhalgh
Heartland Express in Red for Q3 Again but Loss Narrows
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, 2024Cummins 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, 2024Ongoing 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, 2024Nikola 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, 2024Allison 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, 2024Truckload 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, 2024Refrigerated 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, 2024Holt 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, 2024International 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%.
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