Preliminary net data shows 12,100 trailer orders for the month, up 57.1% from August. But results continue "to bear witness to our expectations of weaker demand," ACT Research said.
October 24, 2024GovernmentBusinessTechnologyEquipmentFuel
Birla Carbon to Open $1B Graphite Plant in South Carolina
The company will build a 435,000-square-foot facility in Orangeburg County to launch next-generation synthetic graphite production operations.
October 23, 2024BusinessTechnologyEquipmentFuel
NACFE: Early Electric TRUs Show Promise; Struggle With Costs
The research, published Oct. 18, marked NACFE’s first analysis of alternatives available to fleets, with the introduction of all-electric TRUs in its early stages.
October 23, 2024GovernmentBusinessEquipmentPrivate
American Tire Seeks Bankruptcy After Deal With Lenders
American Tire Distributors, which sought bankruptcy protection in 2018 after the defection of two major manufacturers, has filed for Chapter 11 again as it considers a sale process to cut debt.
October 23, 2024BusinessEquipment
Paccar Q3 Profit Falls 20.9%, Tops Analyst Expectations
Paccar Inc.’s profit in the third quarter fell as the truck market continues to normalize, but still beat analyst expectations.
October 22, 2024BusinessEquipment
Stellantis Sees Ram Sales Rebound as Inventories Shrink
Ram brand sales are up 35% to 40% so far in October, Ram and Chrysler CEO Chris Feuell said at a Reuters automotive conference in Detroit Oct. 22.
October 22, 2024GovernmentTechnologyEquipmentSafety
Litigants Allege EPA Cannot Legally Mandate Electric Trucks
EPA lacks legal authority to mandate electric vehicles, according to a court brief filed by a coalition of 24 states and various economic interests seeking federal appellate court review.
October 22, 2024BusinessEquipment
General Motors Posts Q3 Profit of $3 Billion
DETROIT — U.S. sales are down and a once-reliably profitable joint venture in China is losing money, but General Motors still managed to post a third quarter profit of $3 billion.
October 22, 2024BusinessEquipment
Auto Supplier Dana Exploring Sale of Off-Highway Unit
Dana Inc. is exploring a sale of its off-highway business, people familiar with the matter said, as the automotive supplier responds to sluggish demand in its key markets.
October 18, 2024BusinessEquipment
Volvo Q3 Profit Falls 28.5% on Market Downturn, Mack Issues
Volvo Group profit fell 28.5% in the third quarter of 2024 as a downturn in demand for trucks in both Europe and North America crimped revenue and margin.
October 18, 2024