Cummins to Buy Parts Manufacturer Meritor for $3.7 Billion
Engine maker Cummins Inc. is acquiring components manufacturer Meritor in a $3.7 billion cash deal announced Feb. 22.
February 22, 2022Kenworth Receives Its Largest Order to Date for BEVs
Kenworth Truck Co. announced it received its largest Kenworth battery-electric vehicle order placed to date. Jack Khudikyan, owner of AJR Trucking and MDB Transportation, ordered 15 Kenworth T680E and 10 Kenworth K270E battery-electric vehicles from Inland Kenworth in Montebello, Calif.
February 18, 2022Lion Electric Launches New Financing Division
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.
February 18, 2022Allison Reports Q4 Increases in Net Income, Revenue
Allison Transmission Holdings Inc. reported Q4 net income nearly doubled as diluted earnings per share jumped 117% and revenue in the period climbed 20%.
February 17, 2022Rush Q4 Results Powered by Aftermarket Business
Rush Enterprises reported gains in fourth-quarter net income and revenue largely on the strength of its aftermarket segment and sales of used vehicles.
February 17, 2022Oshkosh Decision to Build Mail Trucks in South Carolina Questioned
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.
February 16, 2022Truck Driving Simulator Excites Idaho High School Students
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.
February 16, 2022US Factory Output Rises as Firms Navigate Supply Constraints
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.
February 16, 2022San Francisco Lawmaker Pushes to Delay Amazon’s Expansion
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.
February 16, 2022OPEC+ Must Fix Its Million-Barrel Supply Gap, IEA Says
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.
February 16, 2022