Allison Transmission Holdings Inc. reported first-quarter net income and revenue slipped after a 19% decline in its largest market, North American on-highway.
May 5, 2020Search
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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.
Tesla Delays First Deliveries of Electric Semi to 2021
Tesla Inc. pushed back first deliveries of its Semi commercial tractor into next year, making the truck two years behind its original schedule.
May 5, 2020New Life Adds UBLights to Product Line
New Life Transport Parts Center has added the UBLights product line as a cost-effective alternative to its existing lighting and safety portfolio, available through its distribution network.
May 4, 2020SUVs Parked at Sea Reveal Scope of US Auto Market Glut
For the auto industry, which saw U.S. sales plunge almost 40% in March, the coronavirus crisis has left cars gathering dust on dealer lots, dealerships shuttered, auction prices slipping and tens of thousands of workers laid off or furloughed.
May 1, 2020Meritor Reports Fiscal Year Q2 Net Income Up, Revenue Down
Meritor Inc. reported fiscal second-quarter net income rose and revenue declined.
April 30, 2020Dana Q1 Net Income Falls, Revenue Slips
Vehicle component manufacturer Dana Inc. saw net income fall 62% and revenue decline in the first quarter amid a pileup of weakness in the heavy-duty truck market, curtailed production and the spread of the novel coronavirus.
April 30, 2020Eaton Q1 Net Income, Revenue Fall
Eaton Corp. reported declines in first-quarter net income and revenue as the spread of the novel coronavirus pandemic more than doubled previously expected declines in sales.
April 30, 2020EPA, NHTSA Can Regulate Trailer Emissions, Agencies’ Attorneys Say
The Department of Justice has filed a legal document with the U.S. Court of Appeals for the District of Columbia supporting federal regulators’ authority to enforce an Obama-era greenhouse gas emissions rule to include first-ever federal regulation of greenhouse gases and fuel efficiency for trailers.
April 30, 2020Daimler Profit Drops Amid Falling Demand
Daimler AG reported net income plunged 92%, and revenue slipped 6% in the first quarter as a result of the novel coronavirus.
April 29, 2020Ryder Reports Q1 Net Loss
Ryder System Inc. reported a net loss of just over $100 million in the first quarter and revenue slipped 1% as it adjusted to the impact of COVID-19 on the economy and its markets.
April 29, 2020