Business, Equipment, Private

United Rentals Profit Rises on Ahern Deal, Demand Tailwind

United Rentals Inc. reported net income of $591 million in the second quarter of 2023, an increase of 19.9% from $493 million in the year-ago period, the company said.

Keiron Greenhalgh | Staff Reporter
July 28, 2023
Business, Equipment, Logistics, For-Hire

Ryder Posts Q2 Loss on Market Weakness, UK Exit Charge

Ryder System Inc. posted an $18 million loss in the second quarter of 2023, compared with a profit of $239 million in the year-ago period.

Keiron Greenhalgh | Staff Reporter
July 27, 2023
Business, Equipment

Wabash Quarterly Profit Jumps as Margin Rises

Trailer manufacturer Wabash National posted a 6.8% increase in net sales in the second quarter compared with the same period a year earlier. 

Keiron Greenhalgh | Staff Reporter
July 27, 2023
Business, Equipment

Traton’s Profit Jumps in Second Quarter

Traton SE’s profits soared in the second quarter of 2023 as sales jumped compared with the year-ago period, the parent company of Navistar said July 26.

Keiron Greenhalgh | Staff Reporter
July 26, 2023
Business, Equipment

Paccar Sales, Parts Unit Push Quarterly Profit to Record

Paccar posted record quarterly income in the three months that ended June 30, beating estimates as profits across some of the company’s divisions reported healthy year-over-year gains.

Keiron Greenhalgh | Staff Reporter
July 25, 2023
Business, Technology, Fuel

Nikola Sells Arizona Hydrogen Production Project to Partner

Truck maker Nikola agreed to sell its Phoenix Hydrogen Hub project to partner Fortescue Future Industries for $24 million, the companies said.

Keiron Greenhalgh | Staff Reporter
July 21, 2023
Business, Technology, Equipment, Fuel

Volvo Signs Fuel System JV Deal With Canada’s Westport

Truck manufacturer Volvo Group is set to establish a high-pressure gas-injection fuel system joint venture with Westport Fuel Systems.

Keiron Greenhalgh | Staff Reporter
July 21, 2023
Business, Equipment

June Medium-Duty Truck Sales Increase 22.7%

U.S. medium-duty truck retail sales increased 22.7% in June compared with the year-ago period, according to Wards Intelligence data.

Keiron Greenhalgh | Staff Reporter
July 19, 2023
Business, Equipment

Volvo Group Q2 Profit Nudges Higher, Margin Improves

Volvo Group posted net income of $1.06 billion, or 52 cents per share, in the three months that ended June 30, compared with $1.03 billion, or 50 cents, in the year-ago period, the company said.

Keiron Greenhalgh | Staff Reporter
July 19, 2023
Business, Fuel

Nikola Inks Hydrogen Fuel Supply Deal for FCEV Trucks

Nikola Corp. has reached a deal to buy hydrogen from BayoTech to fuel the truck manufacturer’s Class 8 Tre fuel cell electric vehicles, it said.

Keiron Greenhalgh | Staff Reporter
July 17, 2023