Engine maker and power distribution giant Cummins Inc. reported Q1 declines in two of five divisions, but a huge one-time gain juiced profits.
A Nikola whistleblower collected $600,000 from a short seller of the company’s stock and could be in line for a bigger payday from the SEC.
Truck Tech is a weekly newsletter providing perspective and context on autonomy, electrification and other technologies impacting the fleet ecosystem.
Shell chose the Advanced Clean Transportation Expo to talk up diesel-powered freight efficiency. An odd choice of venue — or was it?
Truck Talk is a weekly newsletter where FreightWaves adds context, commentary and color to industry news and trends.
In today’s edition of The Daily Dash, Schneider plans to invest in new equipment in 2021. Plus, UPS CEO Carol Tomé talks about the sale of UPS Freight; Jeff Bezos will step down as CEO of Amazon; and Daimler spins off its truck businesses.
Meritor started with an electronic axle and worked forward to pull together all the major components of an electric powertrain that can propel an 80,000-pound line haul tractor or a medium-duty box truck.
The numbers will be small but the competition fierce as major truck makers debut their first fully electric Class 8 trucks in 2021. Kenworth will be in the zero-emission mix with its T680E built on a Meritor electric drive system.
Layoffs and salary cuts helped commercial vehicle driveline supplier Meritor ease the impact of the coronavirus pandemic. But sales, profits and cash took a big hit in fiscal Q3.
PACCAR won’t rush in bringing battery-electric trucks to market, saying it will have them when customers ask. But it contends hydrogen fuel cells are five to 10 years away.
Ongoing COVID-19 impact leads global drivetrain supplier Meritor to trim 230 salaried jobs while partially restoring pay cuts implemented in March.
From slashing salaries to borrowing money to get to the other side of the COVID-19 pandemic, suppliers Meritor and Dana are keeping electrification programs on track while slowly restarting production.
Improperly lubricated steering axles resulting in two equipment recalls by Meritor Inc. leads to callback of 1,532 Freightliner trucks following Navistar reporting similar issue in 2019.
Truck component supplier Meritor idles plants and cuts base salaries up to 50% to save the ship from rough seas.
As Daimler and Volvo leverage their global capabilities for battery-powered trucks in California, PACCAR picks Dana and Meritor as systems suppliers for its medium- and heavy-duty electric trucks.
Mack likes the stability of the medium-duty truck market, where it can sell small trucks to current customers without the dizzying ups and downs of the Class 8 market.
As more of its drivetrain business moves to electrification, Meritor focuses on integrating recent acquisitions TransPower and AxleTech.
After making four investments totaling $12 million in electric truck systems supplier TransPower, Meritor is acquiring the rest of the company.
Add Werner Enterprises to the parade of companies testing battery-powered heavy-duty trucks in California.
Kenworth and Peterbilt will both put power electronics from Dana in their electric medium-duty trucks.
Meritor is expanding its Blue Horizon brand of electrified products as it positions itself to be a leading supplier for electric and hybrid vehicle powertrain solutions.
Meritor Inc. is expanding its electric axle line with two new models and announced that it has been chosen as one of seven suppliers for an electric vehicle project in South America,
The urgency to get zero-emissions trucks into testing in climate-conscious California continues with Penske Truck Leasing’s purchase of a Kalmar Ottawa battery-electric model.
Meritor, Inc. announced that it is laying off employees across the entire company in response to declining global truck and trailer demand.
Greenhouse gas regulations are the sticks and incentives are the carrots in driving the heavy-duty truck and commercial vehicle industry to embrace electrification.
Meritor, Inc. is growing its manufacturing footprint in India by 25 percent with a $36.5 million axle assembly facility at Automotive Axles, its joint venture with Kalyani Group in Mysore, India. Meritor also is opening a research and development center in Mysore.
Navistar and Daimler Trucks North America are recalling some severe-duty trucks because the axle assembles were not properly lubricated at a Meritor plant.
Seeking to strengthen its portfolio of off-highway, defense and aftermarket business, Meritor (NYSE: MTOR) is acquiring AxleTech from the investment firm The Carlyle Group. Meritor will pay approximately $175 million in cash, adjusted for changes in working capital at closing. The deal is subject to regulatory approvals and customary closing conditions. AxleTech’s offerings include a […]
The project is part of the $50 million grant the Port of Long Beach received from the California Air Resources Board’s Zero and Near Zero Emission Freight Facility (ZANZEFF) program.
Nikola Motor Company founder & CEO Trevor Milton admits that he is smart enough to know that there are smarter people than him in the world, and he wanted to leverage that expertise when building his new truck. Enter the industry’s top suppliers.
Cashflow Corner presented by TriumphPay …Go ahead, whack your tires. Are they properly inflated? Do you really know? The manual way of checking tire pressure may be costing your fleet money.
Long known for its automatic tire inflation system (ATIS), P.S.I. adding a tire pressure monitoring system (TPMS) to its portfolio of solutions to help fleets more effectively manage tire maintenance.
Meritor CEO Jay Craig offered insights into how the century-old industrial manufacturer of automotive components adapts to a changing technological landscape: by paying attention to external changes and listening to its customers.
Meritor has made a strategic investment in TransPower, hoping to tap into the company’s full electric trucking solutions and integrated drive systems along with energy-storage subsystems.
Meritor has announced a new electric vehicle platform of axles and suspensions as more truck OEMs and fleets shift resources to developing electric vehicles.
Celadon Group has sold its flatbed trucking division to PS Logistics as it seeks regain its footing a leading trucking provider. Terms of the deal were not disclosed.
