TravelCenters of America Inc. reported second-quarter net income more than doubled and revenue soared amid favorable fuel purchasing conditions.
August 3, 2022Business, Technology, Equipment, Fuel
TA Reports Strong Q2 Net Income, Revenue
Business, Technology, Equipment
Eaton Q2 Income Up; Revenue Flat
Eaton Corp. reported second-quarter net income rose and revenue was flat while segment margins were 20.1%, a quarterly record and above the high end of the guidance.
August 3, 2022Business, Technology, Fuel
Nikola Overcomes Founder’s Opposition to Approve New Shares
Nikola Corp. shareholders approved a measure to issue new shares to potentially raise capital, a move that founder and former chair Trevor Milton had opposed.
August 3, 2022Business, Technology, Equipment, Fuel
Volvo Plans to Make Its Own Batteries in Electric Truck Shift
Volvo AB plans to build a “large-scale” battery plant in Sweden to meet an expected surge in demand for electric trucks and buses.
August 3, 2022Business, Technology, Equipment
Cummins in Q2 Notches Highest-Ever Quarterly Revenue
Cummins Inc. in Q2 posted all-time record quarterly revenue and solid profitability reflecting strength primarily in the North American market, the company announced Aug. 2.
August 3, 2022Business, Technology, Fuel
Nikola Buys Battery Maker Romeo Power
Nikola Corp. has agreed to acquire energy-storage technology company Romeo Power for about $144 million, the Phoenix-based electric vehicle maker announced Aug. 1.
August 2, 2022Government, Business, Technology, Fuel
Pelosi’s Taiwan Trip Spurs CATL to Pause EV Battery Plant Plans
A giant Chinese supplier of electric vehicle batteries decided to push back announcing a multibillion-dollar North American plant to supply Tesla Inc. and Ford Motor Co. due to tensions raised by House Speaker Nancy Pelosi’s trip to Taiwan, according to people familiar with the matter.
August 2, 2022Government, Technology, Equipment, Fuel
Alaskans Help State Officials Prepare for EV Charging
The Alaska Energy Authority is working to overcome public perception barriers of cold climate performance, driving range anxiety and high electricity demand charges in its electric vehicle infrastructure push.
August 2, 2022Business, Technology, Equipment, Fuel
Mack Trucks Introduces First EV Dealer for New York
Gabrielli Truck Sales has become Mack Trucks’ first certified electric vehicle dealer in New York, it was announced July 28.
August 2, 2022Business, Technology, Equipment
Traton Group Reports Big Revenue Gains in First Half
Navistar parent company Traton Group in July reported strong operating results and revenue for the first half of 2022, despite what it called an extremely challenging market.
August 2, 2022