Trucking technology company ConMet has acquired Truck Labs, whose aerodynamic TruckWings save 3%-6% on a fleet’s fuel bill.
With 2024 orderboards open, Class 8 truck orders hit their highest level of the year in September and suggest fleet optimism.
Skimpy orders of Class 8 trucks in April mean little because OEMs have lots of backlogged orders to build and bill.
Nuevos productos, sólidas ventas de piezas y préstamos contribuyen a un trimestre extraordinario
Paccar Inc. posted record revenue and profits across the board in the fourth quarter, belying predictions of an economic slowdown.
Rail service levels are impacting trucking intermodal growth plans. At a Deutsche Bank transportation conference on Tuesday, J.B. Hunt noted that intermodal demand remained strong but poor rail service appears to be creating a bottleneck.
Class 8 equipment orders are impacted by customer cancellations and OEMs bound by the turning of calendar pages.
Difficulties finding trailers is starting to rival the effects of the driver shortage at the nation’s largest fleets.
Trucks Venture Fund 2 is backed by seven large global partners — three auto OEMs, three auto suppliers and one communications company.
Success in Massachusetts could lead to further adoption across the U.S., supporters assert.
Startup raises $11M in Series A round
Truck component supplier Meritor idles plants and cuts base salaries up to 50% to save the ship from rough seas.
Companies that have been outsourcing and far-sourcing their supplies might now look to source closer to their assembly line to have flexibility during times of disruption.
Kar believes a driver’s relationship with an OEM will no longer end after the sale of a truck. That relationship will continue over the lifespan of the vehicle with the introduction of in-cab service technologies.
Meritor, Inc. announced that it is laying off employees across the entire company in response to declining global truck and trailer demand.
Fiat Chrysler’s merger bid with Renault is the type of consolidation that the auto industry needs at the moment to expedite innovation and the development of futuristic tech.
Tesla (NASDAQ: TSLA) is simply not investing enough cash back into its business in the form of capital expenditures to construct the production lines and build out the service infrastructure necessary for the large-scale manufacturing of commercial vehicles. The Palo Alto-based automaker has a history of over-promising and under-delivering on new vehicle deliveries, production schedules, […]
Navistar was up 3 percent on Monday, May 13, 2019 and is up more than 8 percent in Tuesday’s trading.
VayaVision, a startup that develops perception software for autonomous vehicles, today announced that they are the recipient of a €2.45 million SME Instrument Grant from the European Innovation Council (EIC) to support its expansion into the European market.
North America On-Highway and Defense softened sequentially, and management thinks the company will make much less money in 2019.
Profitability will lag in high growth markets like Brazil and India, but aftersales services in NAFTA and the EU will drive profitability growth.
European Commission lays out ground rules and a regulation relaxations post-Brexit; Uber loses latest legal bid over driver rights; European Union announces a 37.5% reduction in CO2 emissions by 2030.
Revenue forecasts were reached only because of a one-time tax event. But by almost any other standard, it was a strong quarter.
Despite an exceptionally strong year for trailer orders, Wabash National’s stock took a hit when the company guided downward for its Q3 results, blaming higher input costs and labor issues.
Total trailer net orders came in at over 38,000 units in August, representative of a 31 percent increase month-over-month and a staggering 142 percent increase year-over-year.
Utility solar projects see growth as prices of imported Chinese solar panels fall despite Trump tariffs; no-deal Brexit could see higher mortgage rates even if housing prices tumble; Chinese car market is weakening and it is troubling major-OEMs.
With OEM deliveries of new trucks restrained, it means that used truck sale prices are holding up.
