Volvo’s IPO Marks One of Europe’s Biggest in 2021
Volvo Car AB gained in its trading debut in Stockholm after raising 20 billion kronor ($2.3 billion) in an initial public offering, as investors bought into the company’s successful turnaround and promise of an electric future.
October 29, 2021Allison Rides Demand to Higher Q3 Results
Allison Transmission Holdings Inc. notched higher third-quarter net income and revenue amid demand rising to near pre-pandemic levels.
October 28, 2021Traton Group Reports Higher Net Income, Revenue
Traton Group, which now includes U.S.-based truck maker Navistar, reported gains in net income and revenue for its 2021 nine-month period on the strength of truck manufacturing and financial services.
October 28, 2021September Shatters Already High Used Class 8 Prices
In a market growing even hotter in September, the average price for a used Class 8 and for a 3-year-old Class 8 set records, blowing past those set a month earlier. The average price for an 8-year-old heavy-duty used truck even took an unexpected and dramatic leap higher, ACT Research reported.
October 27, 2021Ryder Reports Strong Q3, Beats Expectations
Vehicle leasing and rental company Ryder System Inc. reported strong third-quarter earnings on Oct. 27, exceeding Wall Street analysts’ expectations.
October 27, 2021TMC, eSMARTT to Study Technology in Refrigerated Sector
American Trucking Associations’ Technology & Maintenance Council announced the start of a study with eSMARTT on the use and adoption of intelligence products and services in the refrigerated transportation sector.
October 27, 2021Where Trucking Stands on Environmental Sustainability
NASHVILLE, Tenn. — Sustainability in the trucking industry can be viewed from different angles, according to a panel at American Trucking Associations’ Management Conference & Exhibition on Oct. 25.
October 27, 2021Current Driver-Assist Tech Effective, Experts Say
NASHVILLE, Tenn. — Driver-assist technologies that are already widely available on the commercial truck market have demonstrated that they can prevent crashes, save lives and reduce litigation-related costs, a group of industry experts said.
October 27, 2021Paccar Sees Net Income Soften, Revenue Rise in Q3
Paccar Inc. reported mixed results with lower net income and higher revenue in the third quarter as undelivered new trucks stacked up but its parts segment notched record revenue.
October 26, 2021Retail Spending Key to Trucking Activity, ATA’s Costello says
NASHVILLE, Tenn. — Gross domestic product fell almost 3.4% in 2020, snapped back 5.4% this year and is expected to grow over 4% next year. Yet, GDP isn't what one analyst gauges trucking activity by.
October 26, 2021