Volvo Group profit fell 28.5% in the third quarter of 2024 as a downturn in demand for trucks in both Europe and North America crimped revenue and margin.

Revoy revealed Ryder System as the first customer for the Bay Area startup’s electric vehicle, which converts a Class 8 diesel semi into a hybrid without any changes to the tractor.

Policy changes would be an impractical solution to making the drayage and intermodal chassis market more efficient, according to a recently published study.

The memorandum of understanding sends a signal to the freight market that utilities are allies, Aravind Kailas told TT. “We can present a united front,” he said.

Overall, sales of Classes 4-7 trucks fell 9.4% year on year in September. Four out of the nine months in 2024 have seen a year-over-year decrease.

Profit at J.B. Hunt Transport Services fell in the third quarter of 2024 but outperformed analyst expectations as intermodal volume rose year over year.

Freightliner launched a fifth-generation Cascadia on Oct. 15 after publicly showcasing it for the first time at American Trucking Associations’ Management Conference & Exhibition.

U.S. Class 8 truck retail sales fell year over year in September for a second consecutive month and the eighth month out of nine so far in 2024. However, sales rose on a month-on-month basis.

Sales at International soared in the most recent quarter after the truck and bus maker was able to clear a large part of a backlog of vehicles missing their mirrors.

Forecasts for trucking’s main fuel, which alongside heating oil is part of the distillate portion of the crude barrel, softened over the past month even as retail prices edged higher.