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Traton Q2 Profits Rise 4.4% Despite Navistar’s Mirror Woes

Traton’s profits rose in Q2 2024 as higher prices and South American demand trumped a slump in truck sales for Navistar’s International Trucks brand due to a shortage of mirrors.

July 26, 2024

Ryder Posts Q2 Profit Surge, Revenue Up 10% on Leasing Gains

Profits and revenues at Ryder System Inc. increased in the second quarter of 2024 on the back of higher returns from its leasing and maintenance program, the integration of the Cardinal Logistics acquisition and the absence of an accounting charge taken in the year-ago period.

July 26, 2024

Stellantis Profit Plunges 48% in First Half of Year

MILAN — Stellantis CEO Carlos Tavares pledged action to tackle problems in North America and elsewhere July 25 after reporting a plunge in first-half earnings.

July 25, 2024

XPO’s Budlowski Secures 13th Trip to NTDC

WINDSOR LOCKS, Conn. — XPO's Ernie Budlowski and Team Connecticut are hoping that their upcoming trip to Indianapolis results in back-to-back championships at NTDC.

July 25, 2024

Ford Profit Falls Short on Quality Woes, Warranty Costs

Ford Motor Co. posted second-quarter profit that fell short of Wall Street estimates, saying quality problems with new vehicles led to a surge in warranty costs.

July 24, 2024

European Truck Sales Slump Hurts Paccar Q2 Profits

Paccar Inc. profits fell in the second quarter of 2024 on the back of sagging European truck sales and lower parts and financial services divisions profits.

July 24, 2024

House Bill Seeks $100M Annual Grant for Rail Safety Upgrades

Senior members of the U.S. House Transportation Committee recently introduced legislation to enhance safety requirements for trains carrying hazardous materials.

July 24, 2024

Michelin Weighs Shuttering More Plants on Europe Downturn

Michelin said Europe’s “difficult economic situation” is causing a drop in tire demand across different sectors that is leading to overcapacity in the region.

July 24, 2024

Atlas Energy to Deploy Self-Driving Trucks for Fracking Sand

Atlas Energy plans to deploy self-driving trucks developed by Kodiak Robotics for delivery of fracking sand to Permian Basin oil and natural gas wells in Texas beginning in early 2025.

July 24, 2024