Meritor Inc. reported quarterly net income nearly doubled and revenue climbed by about 11%, and cited a rising truck market in multiple regions compared with a year earlier.
February 7, 2022Search
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Toshiba to Split, Sell Stake in Carrier
TOKYO — Embattled Japanese technology giant Toshiba plans to split into two companies, and intends to sell its joint venture stake in Toshiba Carrier Corp. to U.S.-based Carrier Group, for about 100 billion yen ($877 million).
February 7, 2022TuSimple to Haul Union Pacific Goods Between Tucson, Phoenix
Self-driving truck developer TuSimple says Union Pacific Railroad will be its first customer to move freight on the company’s fully automated trucking route between Tucson and Phoenix, after making a test run on a similar route in December.
February 4, 2022Google to Work With Ford on Detroit Research Hub
DETROIT — Ford Motor Co. announced Feb. 4 that Google is joining the automaker’s effort to transform a once-dilapidated Detroit train station into a research hub focused on electric and self-driving vehicles.
February 4, 2022January Class 8 Orders Plummet Compared With 2021
Class 8 orders in January plunged compared with a year earlier to just above 21,000, ACT Research reported.
February 3, 2022Cummins Q4 Net Income Falls, Revenue Flat
Cummins Inc. reported a decline in fourth-quarter net income on flat revenue as supply chain constraints continued to present headwinds.
February 3, 2022Utility Adds Dealership to Network
Utility Trailer Manufacturing Co. announced Double A Utility Trailers, a dealership located in northwestern Ohio, is now part of Utility’s dealer network.
February 3, 2022Yellow Reports Mixed Q4, 2021 Results
Less-than-truckload carrier Yellow Corp. reported mixed year-over-year fourth-quarter and full year earnings.
February 3, 2022Study Tallies Massive Growth in Electric Truck Orders
Electric trucks comprise a fraction of the commercial vehicle fleet in the U.S., but orders in the pipeline — including one from a prominent online seller — could make the numbers spike in coming years, a study said.
February 3, 2022In Joint Venture, DTNA to Develop EV Charging Networks
Daimler Truck North America, BlackRock Inc.’s Renewable Power Group and NextEra Energy Resources announced a joint venture to create electric charging networks along critical freight corridors on the East and West coasts and Texas beginning by 2026.
February 2, 2022