Nikola Corp. is set to pause battery-electric truck production at its Coolidge, Ariz., facility by the end of May ahead of a pivot in its operations to hydrogen fuel cell vehicles, the company said.

A 15% year-over-year jump in sales at Daimler Truck powered a jump in revenue and profit in the first three months of 2023, and North American sales rose 12% compared with the year-ago period.

The national average price for a gallon of diesel tumbled 9.6 cents — its largest drop of the year — to reach $3.922,  according to Energy Information Administration data released May 8.

Paying for power grid upgrades trucking companies need to charge electrified medium- and heavy-duty fleets would provide a long-term financial boon to utilities.

Profits at Eaton Corp. rose 19.7% in the first quarter of 2023 on sales growth that beat company expectations.

The impact of buying Meritor along with heavy-duty truck engine sales pushed Cummins Inc.’s earnings to record heights in the first quarter of 2023, the original equipment manufacturer said May 2.

Traton SE profits jumped in the first three months of 2023 on the back of higher sales and an asset disposal, with truck production and sales at its North American Navistar unit climbing.

Diesel prices fell by an average of 5.9 cents a gallon in the past week to flirt with the $4 a gallon mark, settling at $4.018 a gallon, according to  the Energy Information Administration.

Class 8 truck sales in North America were the foundation on which record quarterly revenues at Allison Transmission were built in the first three months of 2023, the OEM said April 27.

United Rentals executives foresee a rosy outlook for the business and sector as a result of increased infrastructure spending in the coming months and years after posting increased year-over-year profits in the first three months of 2023, they said April 27.