Allison Q3 Profit Surges 26.6% on Vocational Truck Demand
Allison Transmission’s profit in the third quarter jumped 26.6% on the back of demand for Class 8 vocational trucks in North America, with executives saying it shows no sign of slowing down.
Unprecedented Vocational Truck Demand Drives Allison Profits
Record demand for Class 8 vocational trucks propelled profits and revenue at Allison Transmission Holdings higher in the second quarter of 2024.
Labor Deal Signing Bonuses Dampen Record Allison Sales
Signing bonuses linked to a labor contract ratified by United Auto Workers members in January hurt profits at Allison Transmission Holdings in the first quarter of 2024.
Allison Q4 Profit Rises 21% on Vocational Strength
Allison Transmission Holdings Inc. profits increased 21% year-over-year in the fourth quarter of 2023 behind North American Class 8 vocational truck market strength.
Allison Transmission Employees Ratify Four-Year Labor Deal
Around 1,500 unionized employees at Allison Transmission Holdings on Jan. 16 ratified a revised four-year labor agreement, the United Auto Workers union Local 933 said Jan. 17.
Allison Transmission Workers to Vote Jan. 16 on Labor Deal
Some 1,500 unionized employees at Allison Transmission Holdings are set to vote Jan. 16 on ratifying a revised labor agreement, the United Auto Workers union Local 933 said.
Allison Transmission Workers Reject Labor Deal, Stay on Job
Some 1,500 Allison Transmission Holdings employees rejected a deal the company struck with union negotiators, but will remain on the job while talks continue, the company said Dec. 1.
Allison Transmission Third-Quarter Profit Rises 14%
Allison Transmission Holdings posted net income of $158 million in the third quarter of 2023, an increase of 14% from $139 million in the same period in 2022, the company said Oct. 25.
Allison Q2 Profit Jumps on Strength of On-Highway Sales
Allison Transmission Holdings Inc. reported net income of $175 million in the second quarter of 2023, up 43% compared with $122 million in the same period a year earlier, the company said.
Allison Transmission Posts Record Quarterly Sales
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.