Eaton Corp. reported second-quarter net income rose and revenue was flat while segment margins were 20.1%, a quarterly record and above the high end of the guidance.
August 3, 2022Search
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
Nikola Overcomes Founder’s Opposition to Approve New Shares
Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.
August 3, 2022Volvo Plans to Make Its Own Batteries in Electric Truck Shift
Volvo AB plans to build a “large-scale” battery plant in Sweden to meet an expected surge in demand for electric trucks and buses.
August 3, 2022Cummins in Q2 Notches Highest-Ever Quarterly Revenue
Cummins Inc. in Q2 posted all-time record quarterly revenue and solid profitability reflecting strength primarily in the North American market, the company announced Aug. 2.
August 3, 2022Pelosi’s Taiwan Trip Spurs CATL to Pause EV Battery Plant Plans
A giant Chinese supplier of electric vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla Inc. and Ford Motor Co. due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter.
August 2, 2022Mack Trucks Introduces First EV Dealer for New York
Gabrielli Truck Sales has become Mack Trucks’ first certified electric vehicle dealer in New York, it was announced July 28.
August 2, 2022Traton Group Reports Big Revenue Gains in First Half
Navistar parent company Traton Group in July reported strong operating results and revenue for the first half of 2022, despite what it called an extremely challenging market.
August 2, 2022Western Star Launches 57X Class 8 Model
YPSILANTI, Mich. — Western Star is launching a new Class 8 over-the-road model that parent company Daimler Truck North America promises will deliver on the niche brand’s reputation for dependability and toughness, while adding advanced safety, driver comfort and fuel efficiency features.
August 2, 2022Uber Soars After Beating Estimates as Ridership Defies Inflation
Uber Technologies Inc. reported revenue that beat analysts’ estimates, boosted by resilient demand from customers who continued to hail rides and order takeout food despite rising inflation. Shares jumped about 14% in early trading.
August 2, 2022US Senate Proposes Fiscal 2023 FMCSA Funds
Senate funding leaders are proposing $873.6 million for federal trucking programs as part of a fiscal 2023 transportation bill.
August 1, 2022