Power management company Eaton Corp. reported higher net income and modest revenue gains in the fourth quarter, noting that revenue in its vehicle segment dipped but inched up in eMobility — its two smallest segments.
February 7, 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.
Navistar Likes Its Position in Fast-Changing Trucking Sector
The head of Navistar International Corp. is aiming to reclaim the market strength the company previously owned in the North American Class 8 market, and believes it has the plan and leadership to do it.
February 7, 2022Meritor Reports Higher Income, Revenue in FY Q1
Meritor Inc. reported quarterly net income nearly doubled and revenue climbed by about 11%, and cited a rising truck market in multiple regions compared with a year earlier.
February 7, 2022Toshiba to Split, Sell Stake in Carrier
TOKYO — Embattled Japanese technology giant Toshiba plans to split into two companies, and intends to sell its joint venture stake in Toshiba Carrier Corp. to U.S.-based Carrier Group, for about 100 billion yen ($877 million).
February 7, 2022TuSimple to Haul Union Pacific Goods Between Tucson, Phoenix
Self-driving truck developer TuSimple says Union Pacific Railroad will be its first customer to move freight on the company’s fully automated trucking route between Tucson and Phoenix, after making a test run on a similar route in December.
February 4, 2022Google to Work With Ford on Detroit Research Hub
DETROIT — Ford Motor Co. announced Feb. 4 that Google is joining the automaker’s effort to transform a once-dilapidated Detroit train station into a research hub focused on electric and self-driving vehicles.
February 4, 2022January Class 8 Orders Plummet Compared With 2021
Class 8 orders in January plunged compared with a year earlier to just above 21,000, ACT Research reported.
February 3, 2022Cummins Q4 Net Income Falls, Revenue Flat
Cummins Inc. reported a decline in fourth-quarter net income on flat revenue as supply chain constraints continued to present headwinds.
February 3, 2022Utility Adds Dealership to Network
Utility Trailer Manufacturing Co. announced Double A Utility Trailers, a dealership located in northwestern Ohio, is now part of Utility’s dealer network.
February 3, 2022Yellow Reports Mixed Q4, 2021 Results
Less-than-truckload carrier Yellow Corp. reported mixed year-over-year fourth-quarter and full year earnings.
February 3, 2022