Allison Transmission's profit and revenue rose in the fourth quarter of 2024 on the back of increased Class 8 vocational North American on-highway demand, the company said Feb. 11.

Carrier Global overcame weaker demand for refrigeration units from the North American trucking sector to post higher profit and sales in the fourth quarter of 2024, the company said Feb. 11.

Accuride’s U.S. and Canadian businesses filed for Chapter 11 bankruptcy protection in October with liabilities of between $500 million and $1 billion.

Parker Meeks stepped down as CEO at hydrogen fuel cell electric truck maker Hyzon. He was appointed to the post  permanently in April 2023 after holding the role in an interim capacity.

The Iowa-based company posted a loss in the fourth quarter of 2024 as the ongoing integration of two acquisitions alongside the industrywide freight recession weighed heavily on its OR.

Fourth-quarter and full-year profit and revenue at Hub Group fell as lower revenue per load outweighed increased intermodal volume amid an ongoing weak freight market, the company said.

Purolator, which specializes in package delivery and is majority owned by Canada Post, sees the deal as an international growth play, particularly as the threat of trade wars grows.

Substantial change is expected in the U.S. less-than-truckload sector in 2025, according to market observers and executives, headed by the long-awaited freight market turnaround.

Profit at Marten Transport more than halved in the fourth quarter of 2024 as ongoing weakness in the freight environment hurt revenue and margins.

Weak global heavy-duty truck market demand plus a reorganization of the Accelera decarbonization technology unit hurt Cummins profit in the fourth quarter of 2024, the company said.