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Profits and margins at Marten Transport continued to weaken in Q2 of 2024, dented by the ongoing industrywide supply-demand imbalance, higher costs and softer freight rates.

Hyzon Motors is set to bolster its working capital through an equity sale, the latest move in the hydrogen fuel cell-powered truck maker’s ongoing restructuring, it said July 19.

Volvo Group profits jumped year on year in the second quarter of 2024 on the back of truck price increases and improved margins for construction equipment plus marine and industrial engines.

The Paccar Technical Center continues to grow in size and head count, some 42 years after the Mount Vernon, Wash., facility began operations, according to its top executive.

Peterbilt recently launched a broader rollout of its Prognostics diagnostics software, a senior executive said.

Daimler Truck will take a writedown on the value of its Chinese joint venture due to a persistently weak market in Asia’s largest economy, the German truck manufacturer said July 16.

Leonard’s Express will begin deploying Optimal Dynamics’ load planning and dispatch software starting in August, executives said July 16.

Ryder System Inc. is set to buy Pit Stop Fleet Service for an undisclosed sum, it said July 15. The deal is expected to close by Aug. 1.

Navistar truck and bus sales in the second quarter of 2024 slumped 31% year-over-year, partly as a result of a shortage of truck mirrors, parent company Traton said July 10.

The Biden administration is set to award Volvo Group, Accelera by Cummins and ZF North America a combined $441 million in grants to upgrade manufacturing facilities.