Equipment

In the first half of 2022 independent engine maker Cummins Inc. supplied a leading 47,713 Class 8 diesel engines, or 35.5% of the 134,373 used, Wards Intelligence reported.

Medium-duty electric commercial vehicles from box trucks to specialty applications are anticipated to play a large role as regulators and businesses turn to axing greenhouse gas and carbon emissions in the years ahead.

Nikola Corp. reported its first meaningful revenue and said it’s on track to deliver as many as 500 electric big rigs to customers this year.

Diversified supplier Commercial Vehicle Group Inc. reported second-quarter net income and revenue fell, and new pricing began in July.

North American Class 8 orders in July, not unexpectedly, crawled to 11,400, the lowest point of the year. ACT Research reported the figure, citing truck makers’ data that was preliminary but largely complete.

Allison Transmission Holdings Inc. reported gains in net income and revenue in the second quarter as demand continued.

TravelCenters of America Inc. reported second-quarter net income more than doubled and revenue soared amid favorable fuel purchasing conditions.

Dana Inc. reported net income dropped and revenue increased in Q2 amid a host of persistent industry challenges.

Eaton Corp. reported second-quarter net income rose and revenue was flat while segment margins were 20.1%, a quarterly record and above the high end of the guidance.

Volvo AB plans to build a “large-scale” battery plant in Sweden to meet an expected surge in demand for electric trucks and buses.