Business, Equipment

Eaton Q2 Profit Jumps 23.8%

Eaton Corp. posted net income of $744 million in the second quarter of 2023, a 23.8% increase compared with a $601 million profit in the same period a year earlier.

Keiron Greenhalgh | Staff Reporter
August 2, 2023
Government, Fuel

Diesel Price Blows Past $4 a Gallon With 22.2¢ Surge

Proving last week’s surge wasn’t a fluke, the national average diesel price skyrocketed 22.2 cents to reach $4.127 a gallon, according to the Energy Information Administration.

Keiron Greenhalgh | Staff Reporter
August 2, 2023
Business, Technology, Equipment, Fuel, For-Hire

Nikola Begins Production of Hydrogen Fuel Cell Class 8 Truck

Nikola began production of the Tre hydrogen fuel cell electric truck July 31 at its Coolidge, Ariz., factory, the company said.

Keiron Greenhalgh | Staff Reporter
August 2, 2023
Business, Equipment

Daimler Truck Q2 Profit Rises on Sales Tailwind

Daimler Truck posted a net profit of $1.101 billion in the three months that ended June 30, compared with $1.037 billion in the year-ago period, the company said Aug. 1.

Keiron Greenhalgh | Staff Reporter
August 1, 2023
Business, Logistics, For-Hire

Saia Reports Lower Q2 Profit, Revenue

Saia Inc. posted net income of $91.3 million in the second quarter of 2023, compared with $109.2 million in the same period a year earlier, the less-than-truckload carrier said.

Keiron Greenhalgh | Staff Reporter
July 31, 2023
Business, Logistics, For-Hire

Old Dominion Freight Line Q2 Profit Falls 22.3% Year-On-Year

Old Dominion Freight Line Inc. profits fell 22.3% year-over-year to $292.4 million in the second quarter of 2023 from $376.1 million in the year-ago period, it said.

Keiron Greenhalgh | Staff Reporter
July 31, 2023
Business, Logistics, For-Hire

ArcBest Q2 Profit More Than Halves on Weak Demand

ArcBest posted lower earnings and revenue on weaker demand for the second quarter, the Fort Smith, Ark.-based carrier announced July 28. 

Keiron Greenhalgh | Staff Reporter
July 31, 2023
Business, Equipment

Allison Q2 Profit Jumps on Strength of On-Highway Sales

Allison Transmission Holdings Inc. reported net income of $175 million in the second quarter of 2023, up 43% compared with $122 million in the same period a year earlier, the company said.

Keiron Greenhalgh | Staff Reporter
July 28, 2023
Business, Technology, Equipment

Carrier Global Q2 Profits Pegged Back by Sale Charge

Carrier Global Corp. reported a narrowed second-quarter profit of $199 million, down from $573 million in the year-ago period.

Keiron Greenhalgh | Staff Reporter
July 28, 2023
Business, Technology, Equipment

Carrier Transicold Adds Two Trailer Refrigeration Models

Carrier Transicold is rolling out two additional models in its Vector trailer refrigeration product line, the company said.  

Keiron Greenhalgh | Staff Reporter
July 28, 2023