Equipment
Commercial freight transportation is a machine-based business. Highly technical equipment and advanced engineering are at the center of supply chain and require constant innovation. Transport Topics equipment coverage focuses on the machines and other physical assets that make delivery possible. It looks closely at available truck, trailer, and chassis models, developments in the engineering space, and maintenance innovations and best practices.
Big Rig Brings Big Smiles for Students With Autism
RANDOLPH, Mass. — For weeks and months before it happens each year, students with autism at the Boston Higashi School anticipate members of the Teamsters Local 25 union rolling up to the front door in its big rig.
Caterpillar 2Q Revenue Up on Higher Equipment Demand
Rising demand for machinery fueled sales at Caterpillar during the second quarter as the rollout of vaccines helped to revive construction projects.
Nikola Founder Trevor Milton Charged With Misleading Investors
NEW YORK — Trevor Milton, the founder and one-time executive chair of Nikola Corp., surrendered July 29 in New York to face charges alleging he lied about the electric and hydrogen-powered truck startup, duping some financially struggling novice investors looking for income during the pandemic.
Ryder Reports Year-Over-Year Turnaround for Q2
Ryder System Inc. saw growth across its business during the second quarter of 2021, the company reported July 28.
Used Class 8 Average Price Soars Past $60,000
The average price for a used Class 8 soared to a new high for the third consecutive month as June sales climbed year-over-year amid the lowest inventory levels yet in this cycle, ACT Research reported.
Old Dominion Freight Line Reports Record Revenue for Q2
Old Dominion Freight Line saw net income increase year-over-year by 82.4% during the second quarter of 2021, the company reported July 28.
Wabash Reports Higher Q2 Results
Wabash National Corp. announced plans to dedicate more space to building dry van trailers as it reported gains in second-quarter income and revenue as trailer shipments rose to meet strong customer demand.
Ford Posts Surprise Profit on Surging Prices of Scarce Cars
Ford Motor Co. overcame a critical parts shortage and managed to post a surprise profit in the second quarter, thanks to surging prices on models that have become harder to find on dealer lots.
Toyota Defies Chip Shortage to Post Record Output, Sales
Strong global demand for cars boosted Toyota Motor Corp.’s sales to a record for the month of June, with production seemingly unfazed by an industrywide shortage of semiconductors.
Pilot Rewards 40-Year Driver With Custom Peterbilt Truck
Pilot Co. recently recognized one of its longtime drivers with a custom-made Peterbilt truck.
July 28, 2021