Equipment

Lion Electric Co. announced the launch of LionCapital Solutions, a new division dedicated to providing customers with flexible financing options specifically tailored to the medium- and heavy-duty electric vehicle market.

Allison Transmission Holdings Inc. reported Q4 net income nearly doubled as diluted earnings per share jumped 117% and revenue in the period climbed 20%.

Rush Enterprises reported gains in fourth-quarter net income and revenue largely on the strength of its aftermarket segment and sales of used vehicles.

Major manufacturer Oshkosh Defense says it’s sticking with South Carolina for its $155 million mail truck plant, despite efforts by Wisconsin officials and union leaders to keep the company’s new investment in their state. The Oshkosh, Wis.-based company expects to hire 1,000 workers in South Carolina’s Upstate.

A new Idaho Trucking Association program using a truck simulator traveling to high schools appears to be paying off, by getting teens interested in driving careers.

Production at U.S. factories rose modestly in January, suggesting manufacturers gradually are working through pandemic-related shortages of materials and labor that hobbled output in the prior month.

A San Francisco supervisor has introduced legislation that would seek to place an 18-month moratorium on all new parcel delivery services in the city, including Amazon’s proposed 725,000-square foot, last-mile logistics center in Showplace Square.

The International Energy Agency urged OPEC and its allies to address a widening shortfall in their oil production as a volatile market sends crude prices rocketing toward $100 a barrel.

Logistics giant C.H. Robinson is collaborating with Waymo to introduce autonomous trucks into its freight network, starting with multiple pilots in Texas.

The National Highway Traffic Safety Administration is about to allow new high-tech headlights that can automatically tailor beams so they focus on dark areas of the road and don’t create glare for oncoming drivers.