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Cummins Profit Soars as Meritor Deal Boosts Revenue

Cummins Inc. posted a 64% year-over-year jump in profits in the third quarter of 2023 as the acquisition of axles and brakes specialist Meritor continued to boost the company’s bottom line.

November 2, 2023

September Used Class 8 Sales Down 4.7% Year-Over-Year

Sales of used Class 8 trucks in September declined at a modest clip compared with year-ago levels, but the prices paid for those trucks took a far steeper drop, ACT Research reported.

November 2, 2023

Toyota Recalls Nearly 1.9 Million RAV4s

DETROIT — Toyota said Nov. 2 it is recalling nearly 1.9 million RAV4 small SUVs in the U.S. to fix a problem with batteries that can move during forceful turns and potentially cause a fire.

November 2, 2023

Port Leaders Push Wind Power as Long-Term Solution

AURORA, Colo. — Port leaders believe they are part of the solution to capturing renewable wind energy off of their coasts and under their operation with giant wind turbines that float on the water.

November 1, 2023

Traton Reports Revenue Growth to $12 Billion for Q3

Traton SE experienced an increase in revenue and operating results despite market headwinds during the third quarter of 2023, the company reported Oct. 25.

November 1, 2023

Eaton Q3 Profit Jumps, Beats Analyst Expectations

Profits at Eaton Corp. jumped year-over-year in the third quarter, but executives are not optimistic about commercial vehicle prospects in 2024.

November 1, 2023

Yokohama Executives Say Fleets Still Adjusting Post-Pandemic

WEST POINT, Miss. — Executives from Yokohama Tire Corp. said their motor carrier customers have adjusted well to the post-COVID economy, but it's not business as usual.

November 1, 2023

Freightliner eM2 Serial Production Begins at Portland Plant

Serial production of Freightliner’s eM2 medium-duty battery-electric truck began at Daimler Truck North America’s Portland, Ore., manufacturing plant in recent days, DTNA said Oct. 26.

November 1, 2023

Tevva, ElectricaMeccanica End Partnership

Plans to build a hybrid electric and hydrogen-powered Class 8 truck floundered in recent days as startup merger partners Tevva Motors Ltd. and ElectraMeccanica Vehicles Corp. parted ways.

November 1, 2023