Vehicle component manufacturer Dana Inc. saw net income fall 62% and revenue decline in the first quarter amid a pileup of weakness in the heavy-duty truck market, curtailed production and the spread of the novel coronavirus.

Eaton Corp. reported declines in first-quarter net income and revenue as the spread of the novel coronavirus pandemic more than doubled previously expected declines in sales.

Daimler AG reported net income plunged 92%, and revenue slipped 6% in the first quarter as a result of the novel coronavirus.

Ryder System Inc. reported a net loss of just over $100 million in the first quarter and revenue slipped 1% as it adjusted to the impact of COVID-19 on the economy and its markets.

Class 8 used truck sales in March slipped 12%, and the average price dropped about $7,000 compared with a year earlier, ACT Research reported.

Just like the rest of the industry, trucking companies working to commercialize autonomous heavy-duty trucks are adapting to the uncertainties and disruptions caused by the coronavirus.

Cummins Inc. reported first-quarter net income and revenue fell as key domestic and global markets weakened as the novel coronavirus spread.

Volvo Group reported first-quarter net income and revenue fell amid lower truck orders and deliveries as the coronavirus pandemic intensified.

Truck dealership Rush Enterprises Inc. reported first-quarter declines in net income and revenue, citing unprecedented times.

Net U.S. trailer orders slipped below 7,600 in March as cancellations sliced the gross tally nearly in half, and production slowed, ACT Research reported.