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Allison Reports Lower Net Income, Revenue in Q1

Allison Transmission Holdings Inc. reported lower net income and revenue for the first quarter amid progress in addressing the COVID-19 pandemic.

April 29, 2021

SAF-Holland Launches New Trailer Air Suspensions

SAF-Holland Group announced its new CBXA AeroBeam Series of fixed frame suspensions, calling them the lightest weight top mount trailer air suspensions in the industry.

April 29, 2021

Schneider Reports Q1 Net Income, Revenue Growth

Schneider National saw revenue and earnings growth during the first quarter of 2021, the company reported April 29.

April 29, 2021

Peterbilt Shows Off New Lineup in Classes 5-8

FORT WORTH, Texas — The infield lanes of Texas Motor Speedway provided the setting for Peterbilt Motors Co. to introduce members of the media to its new lineup of Classes 5-8 trucks.

April 29, 2021

Caterpillar Says Chip Shortage May Hurt Equipment Deliveries

Caterpillar Inc. is warning of potential impacts ahead due to a global chip shortage, putting a damper on better-than-expected earnings for the world’s biggest maker of mining and construction equipment.

April 29, 2021

Ford Posts Profit, Says Chip Shortage May Cut Production 50%

DETROIT — Ford Motor Co. posted a surprising $3.26 billion first-quarter net profit on April 28, but the company said a worsening global computer chip shortage could cut its production in half during the current quarter.

April 29, 2021

Daimler Truck, Volvo to Make Fuel Cells in Europe in Joint Venture

FRANKFURT, Germany — Germany’s Daimler Truck AG and Sweden’s Volvo Group say they plan to jointly manufacture hydrogen fuel cells for trucks in Europe starting in 2025 and called on European Union policymakers to boost incentives for climate-neutral technologies.

April 29, 2021

Wabash Posts Higher Q1 Profits, Raises Full-Year Guidance

Trailer maker Wabash National Corp. returned to first-quarter profitability compared with a year earlier and increased its full-year guidance on revenue.

April 28, 2021