The cost of hydrogen-powered fuel cell electric trucking could drop 50% by the end of the decade, making it competitive with other clean energy options and even conventional fuels like diesel.
New Class 8 truck orders dipped to their lowest level in a decade in 2019, payback for an ordering frenzy a year earlier.
Navistar International Corp. (NYSE: NAV) is regaining chunks of market share in medium- and heavy-duty trucks, winning back customers who walked away several years ago because they could not rely on the company’s products. Navistar has averaged a percentage point of additional core share a year since 2016. It is noteworthy in an expanding market […]
Preliminary orders for new Class 8 trucks tumbled again in November after one month of improved bookings, new evidence that a slowing manufacturing economy is sapping all but critical replacement demand.
Cummins Inc. is winding down its centennial anniversary as the trucking industry it serves also slows. But the company has a history of emerging stronger from downturns.
Engine maker Cummins will lay off 2,000 workers in the first quarter of 2020, the latest impact of a trucking sector recession that is claiming jobs up and down the supply chain.
Engine manufacturer Cummins Inc. is shifting more production to plants in Mexico in preparation for updated requirements in the new United States, Mexico and Canada (USMCA) trade agreement. Cummins will move some of its operations from the U.S., China, India and Brazil to Mexico, including its filters division to a facility in Ciudad Juarez near […]
With diesel fuel powering 97% of all heavy-duty trucks, it seems silly to predict its industry dominance will end. But don’t tell that to California where the good can be the enemy of the great.
Indiana-based Cummins Inc. (NYSE: CMI) reported third quarter total revenue of $5.77 billion, a decrease of 3% from the same quarter in 2018. North America revenues decreased by 6%, while international revenues declined 25%, officials said. The company, which designs and makes diesel engines and components, estimates that revenue will fall 2% in full-year 2019. […]
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Transport Expo showcases Mexico’s trucking industry; Texas and Mexico officials host meeting to discuss border trade; Mexican company purchases 50 Kenworth trucks; officials celebrate start of the 2019-20 fresh produce import season. International transport expo showcases Mexico’s trucking […]
The civil equipment industry is thriving in the face of an overall manufacturing and industrial slowdown with demand for 5G fiber-optic cable installations and state-funded infrastructure projects among the main reasons.
Fuel cell startup Loop Engency received a cash infusion from engine maker Cummins Inc. on Sept. 18. It was Cummins second investment in fuel cells this month.
Cummins Inc. closed its $290 million purchase of fuel cell maker Hydrogenics on September 9, the second major investment in fuel cell technology in less than a week.
The retirement of Mike Freeland as president and chief operating officer of engine maker Cummins Inc. led to a chain reaction that elevated four other executives.
The rise and fall of interest in natural gas trucks typically depends on the price of oil. Now, the availability of clean energy credits in California and tougher NOx rules expected from the California Air Resources Board are additional reasons for purchase.
Indiana-based Cummins Inc. (NYSE: CMI) reported higher revenue and net income, but the power technology company’s second quarter earnings came in below analysts expectations. Cummins posted second quarter earnings of $4.27 per share, up from $3.32 in the second quarter of 2018, but below the $4.41 average estimates from analysts. The company’s stock is taking […]
Power management company Eaton Corp. reported higher second-quarter sales and earnings despite declines in its vehicle segment.
Shares of Cummins Inc. (NYSE: CMI) decreased by $0.47 on February 6 after the company missed the consensus expectations of fourth quarter earnings per share (EPS) of $3.81 by 8.6 percent, according to Seeking Alpha. Non-GAAP EPS was only $3.48.
ZED Connect has announced that it is discontinuing its ZED-ELD product and offering current customers an opportunity to transition to the EZ-ELD from Stoneridge.
