Dana Reports Q3 Net Loss, Revenue Gain
Dana Inc. posted mixed results in the third quarter, citing ongoing supply and production disruptions.
October 27, 2022Wabash Notches Records in Q3
Wabash reported record quarterly revenue and earnings per share as net income in the third quarter more than tripled and its backlog rose to an all-time Q3 high of $2.3 billion.
October 27, 2022Used Class 8 Market Softens More in September
Used Class 8 sales in the U.S. were down again in September, the average retail price fell, too, and likely steeper declines are ahead, ACT Research reported.
October 26, 2022Second Railroad Union Rejects Deal, Adding to Strike Worries
A second railroad union rejected its deal with the major U.S. freight railroads on Oct. 26, reflecting workers’ increasing frustration with the lack of paid sick time in the industry and adding to concerns about the possibility of a strike next month that could cripple the economy.
October 26, 2022Rush Enterprises Returns Strong Q3 Results
North American truck dealer Rush Enterprises Inc. reported a surge in third-quarter net income and revenue, amid ongoing pent-up demand for commercial vehicles and growth in aftermarket services.
October 26, 2022Texas Instruments’ Forecast Signals Chip Demand Slump Is Spreading
Texas Instruments Inc., whose chips go into everything from home appliances to missiles, gave a weak sales forecast for the current quarter, indicating that the falloff in semiconductor demand is spreading beyond computing and phones.
October 25, 2022Driver Shortage Decreases Slightly to 78,000, ATA Says
SAN DIEGO — American Trucking Associations revealed Oct. 25 that it estimates the shortfall of professional drivers has decreased slightly to 78,000 for this year.
October 25, 2022Skybitz Unveils Kuantum, Its Next-Generation Trailer Telematics Platform
SAN DIEGO — SkyBitz has introduced Kuantum, its next-generation trailer telematics system featuring an integrated cargo sensor and expanded capabilities to help fleets squeeze more utilization out of their trailers and intermodal containers.
October 25, 2022Paccar Notches Record Q3 Net Income
Paccar Inc. notched record third-quarter income amid record results at its parts business and strong global demand for its trucks.
October 25, 2022Trucking Companies Urged to Stay the Course if Recession Occurs
SAN DIEGO — With some economists predicting around a 50-50 chance of the U.S. economy sliding into a recession in the first half of 2023, a panel of experts at American Trucking Associations’ Management Conference & Exhibition urged trucking companies to prepare now for a possible economic downturn by maintaining strong levels of cash flow and — above all — avoiding panic if a recession takes hold.
October 25, 2022