Allison Transmission Holdings Inc. reported higher third-quarter net income and revenue as five of six of its end markets climbed.
October 28, 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.
Auto Prices Finally Begin to Creep Down From Inflated Highs
While prices on new and used vehicles remain 30% to 50% above where they were when the pandemic erupted, signs are pointing to many vehicles becoming slightly more affordable.
October 27, 2022Dana Reports Q3 Net Loss, Revenue Gain
Dana Inc. posted mixed results in the third quarter, citing ongoing supply and production disruptions.
October 27, 2022Wabash Notches Records in Q3
Wabash reported record quarterly revenue and earnings per share as net income in the third quarter more than tripled and its backlog rose to an all-time Q3 high of $2.3 billion.
October 27, 2022Used Class 8 Market Softens More in September
Used Class 8 sales in the U.S. were down again in September, the average retail price fell, too, and likely steeper declines are ahead, ACT Research reported.
October 26, 2022Second Railroad Union Rejects Deal, Adding to Strike Worries
A second railroad union rejected its deal with the major U.S. freight railroads on Oct. 26, reflecting workers’ increasing frustration with the lack of paid sick time in the industry and adding to concerns about the possibility of a strike next month that could cripple the economy.
October 26, 2022Rush Enterprises Returns Strong Q3 Results
North American truck dealer Rush Enterprises Inc. reported a surge in third-quarter net income and revenue, amid ongoing pent-up demand for commercial vehicles and growth in aftermarket services.
October 26, 2022Peterbilt Debuts SuperTruck II Concept at MCE
SAN DIEGO — Peterbilt Motors Co. unveiled its SuperTruck II high-efficiency concept vehicle for the first time in the exhibit hall at American Trucking Associations’ Management Conference & Exhibition.
October 25, 2022Texas Instruments’ Forecast Signals Chip Demand Slump Is Spreading
Texas Instruments Inc., whose chips go into everything from home appliances to missiles, gave a weak sales forecast for the current quarter, indicating that the falloff in semiconductor demand is spreading beyond computing and phones.
October 25, 2022Driver Shortage Decreases Slightly to 78,000, ATA Says
SAN DIEGO — American Trucking Associations revealed Oct. 25 that it estimates the shortfall of professional drivers has decreased slightly to 78,000 for this year.
October 25, 2022