Equipment

Hydrogen-electric fuel truck manufacturer Nikola Corp. said it took a $125 million charge in the third quarter as it expects to use that money as part of a possible negotiated settlement with the U.S. Securities and Exchange Commission concerning allegations the company’s founder, Trevor Milton, defrauded investors.

Just 60 miles south from one of the most famous locations in American transportation history, Promontory Point, Utah, a new transportation and logistics center is open for business and still being built out.

CVG, whose business segments include commercial vehicle seating and electrical systems, reported increased net income and revenue for the third quarter as it continued to diversify its customer base.

Trucking technology supplier ERoad has expanded its video telematics product line with the ERoad Clarity Solo Dashcam.

Federal trucking regulators are warning truckers that mobile carriers are shutting down their 3G networks as early as next year to make room for more advanced network services, including 5G.

Spireon has introduced the next generation of its FL Flex tracking devices and IntelliScan cargo sensor under its FleetLocate product line.

Power management company Eaton Corp. grew net income and revenue in the third quarter as adjusted earnings per share reached an all-time record along with segment margins.

TravelCenters of America Inc. saw net income and revenue climb in the third quarter amid strength in nearly all business lines.

North American truck dealership Rush Enterprises Inc. reported a jump in third-quarter net income and slightly more revenue as demand for trucks, services and aftermarket rose.

Cummins Inc. reported strong medium- and heavy-duty engine sales amid global growth, despite moderating demand in China, led to increased net income and revenue in the fiscal third quarter.