Business, For-Hire

Saia Targets Further Expansion Via $1 Billion in 2024 Capex

Saia Inc. expects 2024 to be another year of significant expansion after picking up business and terminals following the implosion of less-than-truckload rival Yellow Corp., executives said.

Keiron Greenhalgh | Staff Reporter
February 5, 2024
Business, Equipment

Eaton Q4 Profit Jumps 31% on Record Revenue

Profit at Eaton Corp. jumped 31% year-over-year in the fourth quarter of 2023, powered by higher revenue at both its largest and smallest reporting units — Electrical Americas and eMobility.

Keiron Greenhalgh | Staff Reporter
February 1, 2024
Business, Technology, Equipment, Fuel

Revoy Launches Atypical EV for Class 8 Freight Market

A Bay Area startup launched an electric add-on unit that will convert an existing Class 8 diesel vehicle into a hybrid without changes to the tractor.

Keiron Greenhalgh | Staff Reporter
February 1, 2024
Business, Technology, Equipment, Fuel

ClearFlame Eyes Jump in Ethanol-Powered Truck Use After Sale

ClearFlame Engine Technologies expects to deploy as many as 30 of its ethanol-fueled Class 8 trucks through the end of 2024, CEO BJ Johnson told Transport Topics.

Keiron Greenhalgh | Staff Reporter
February 1, 2024
Government, Business, Technology, Fuel

Truck Makers Launch Zero-Emission Infrastructure Coalition

A coalition of truck manufacturers is launching a joint initiative to work with stakeholders to accelerate construction of charging infrastructure for medium- and heavy-duty ZEVs.

Keiron Greenhalgh | Staff Reporter
January 30, 2024
Business, Technology, Fuel

GM, Honda Hydrogen Fuel Cell JV Begins Commercial Production

A joint venture between General Motors and Honda began commercial production Jan. 25 of hydrogen fuel cells in Brownstown, Mich., aimed at the commercial vehicle market.

Keiron Greenhalgh | Staff Reporter
January 29, 2024
Business, Equipment

Volvo Q4 Profit Jumps 80.6% as Deliveries, Margins Increase

A jump in truck sales and margins in the fourth quarter of 2023 at Volvo Group saw the Swedish original equipment manufacturer’s profits almost double year-over-year, it said Jan. 26.

Keiron Greenhalgh | Staff Reporter
January 26, 2024
Business, Equipment, Private

United Rentals Q4 Profit Rises 6.3% on Broad Demand Strength

United Rentals reported net profit of $679 million in the fourth quarter of 2023, a 6.3% year-over-year increase compared with $639 million in the year-ago period.

Keiron Greenhalgh | Staff Reporter
January 26, 2024
Business, Technology, Equipment

Xos Class 8 Tractor Start of Production Remains on Schedule

Xos’ plans for manufacturing a Class 8 tractor remain on schedule even as the electric truck maker sought to bolster its finances earlier in January, CEO Dakota Semler told Transport Topics.

Keiron Greenhalgh | Staff Reporter
January 25, 2024
Business, Technology, Autonomous, For-Hire, Private

Kodiak Opens Truck Port at Ryder Facility in Houston

Kodiak Robotics opened a second truck port for its autonomous semis at a Ryder System Inc. fleet maintenance facility in Houston, the companies said Jan. 23.

Keiron Greenhalgh | Staff Reporter
January 25, 2024