First Yellow Trucks and Trailers Up for Auction March 5
Selling off the assets of bankrupt less-than-truckload carrier Yellow Corp. is set to take another step when the first rolling stock will be up for auction soon.
Nikola Q4 Loss Dives 30.8% as R&D Costs Fall
Losses at Class 8 vehicle manufacturer Nikola Corp. narrowed 30.8% year-over-year in the fourth quarter of 2023 as research and development costs plummeted.
ZF Eyes US Commercial Vehicle Drivetrain Sales Expansion
Some of component manufacturer ZF’s latest product launches are set to service the growth in trucks using nontraditional fuels.
Diesel Price Remains Unchanged at $4.109
The national average diesel price remained unchanged at $4.109, the first time there was no fluctuation since last summer, according to EIA data for the week of Feb. 19.
Bridgestone Q4 Profit Dives as Truck Tire Demand Slumps
Profits at Bridgestone Corp. dived in the fourth quarter of 2023 on the back of what the Japanese tire manufacturer said Feb. 16 was a remarkable slump in demand.
Kenan Advantage Group Enters Dry Bulk Sector
Kenan Advantage Group bought Northern Dry Bulk for an undisclosed sum, marking its first major foray into dry bulk haulage, the top-ranked tank transporter said.
Allison Q4 Profit Rises 21% on Vocational Strength
Allison Transmission Holdings Inc. profits increased 21% year-over-year in the fourth quarter of 2023 behind North American Class 8 vocational truck market strength.
Knight-Swift Adds 10 More Leased Yellow Terminals to Haul
Knight-Swift Transportation Holdings Inc. extended its winning streak in auctions of former Yellow Corp. terminals, strengthening its less-than-truckload operations.
Ryder Q4 Profit Slides on Weak Used Truck Prices, Rentals
Profits at Ryder System Inc. fell 39.8% in the fourth quarter of 2023 as weak freight conditions again sapped strength from used vehicle sales prices and rental activity, it said Feb. 14.
Goodyear Q4 Loss Soars on Goodwill, Rationalization Charges
Losses nearly tripled at Goodyear in the fourth quarter of 2023 compared with the year-ago period as the tire manufacturer digested restructuring costs and sales slowed, including in the North American commercial vehicle sector.