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.
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.
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.
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.
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.
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.
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.
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.
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.
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.