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Around 1,500 unionized employees at Allison Transmission Holdings on Jan. 16 ratified a revised four-year labor agreement, the United Auto Workers union Local 933 said Jan. 17.

LAS VEGAS — Component maker Schaeffler is developing an electric axle, motor and battery drivetrain package for North American commercial vehicles, up to and including Class 8 trucks.

U.S. retail sales for medium-duty trucks rose 9.1% year-over-year in December while finishing 2023 some 8.4% higher than 2022’s full-year total, according to data from Wards Intelligence.

Classes 5-8 electric truck maker Xos obtained a $48.5 million capital infusion from serial e-mobility investor ElectraMeccanica, the companies said.

Cummins Inc. plans to spend $580 million on its Rocky Mount Engine Plant in North Carolina, much of it as part of the company’s decarbonization push, it said.

Some 1,500 unionized employees at Allison Transmission Holdings are set to vote Jan. 16 on ratifying a revised labor agreement, the United Auto Workers union Local 933 said.

Class 8 retail truck sales in December fell year-over-year for a fifth consecutive month, Wards Intelligence data showed, but full-year 2023 sales ended 4.9% higher compared with 2022.

PS Logistics has acquired Buddy Moore Trucking, which is also based in Birmingham, Ala.

LAS VEGAS — Paccar, Daimler and Cummins are nearing a decision on the location of a factory to produce lithium-iron phosphate batteries.

Chattanooga, Tenn.-based third-party logistics group Kenco is to buy The Shippers Group, a Dallas-based third-party warehousing company, it said.