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
Business, Equipment, Breaking News

June Class 8 Sales Rise 7.7% Year-Over-Year

U.S. Class 8 retail sales in June rose 7.7% compared with the year-ago period, but slid marginally compared with May, according to Wards Intelligence.

Keiron Greenhalgh | Staff Reporter
July 13, 2023
Business, Equipment

Hyundai Translead CEO Sees Trailer Market Remaining Softer

The new leader of Hyundai Translead said that while the trailer market was softer through the first half of this year compared with year-ago levels, he sees pockets of strength heading into 2024.

Keiron Greenhalgh | Staff Reporter
July 13, 2023
Government, Business, For-Hire

Yellow Gains Financial Targets Waiver

Yellow Corp. will not have to meet certain financial targets under a deal with its lenders, winning valuable breathing space as it battles the Teamsters union and the threat of bankruptcy.

Keiron Greenhalgh | Staff Reporter
July 10, 2023
Government, Fuel

Diesel Prices Jump an Average of 3.9¢ to $3.806 a Gallon

On-highway diesel prices climbed 3.9 cents to a national average of $3.806 a gallon, according to Energy Information Administration data released July 10.

Keiron Greenhalgh | Staff Reporter
July 10, 2023
Government, Business, Equipment

Forecast Upped for Class 8 Registrations as Fears Ease

New registrations for Class 8 trucks are set to total 249,836 this year, according to S&P Global Mobility, a jump of 12% compared with its expectations at the start of the year.

Keiron Greenhalgh | Staff Reporter
July 10, 2023
Business, Equipment, Fuel

Nikola’s Latest Bid to Secure Funds to Advance FCEV Fails

Nikola’s latest bid to issue more shares and secure the funds needed to advance its Class 8 hydrogen fuel cell truck ambitions failed, it said July 6.

Keiron Greenhalgh | Staff Reporter
July 10, 2023
Government, Business, Fuel

Diesel Prices Drop 3.4¢ to $3.767 a Gallon

Diesel prices dropped another 3.4 cents to a national average of $3.767 per gallon, according to weekly data released by the Energy Information Administration July 3.

Keiron Greenhalgh | Staff Reporter
July 4, 2023
Business, Technology, Autonomous

TuSimple Eyes US Exit, Hires Bankers

TuSimple is exploring strategic alternatives for its U.S. operations, including a sale, which would see the self-driving truck technology provider focus on Asia-Pacific activities.

Keiron Greenhalgh | Staff Reporter
June 30, 2023