Hino Launches Latest Connected Vehicle Platform
Hino Trucks, a Toyota Group company, announced the introduction of Hino Edge, the truck maker’s third-generation connected vehicle platform.
November 1, 2021Daimler Q3 Net Income Rises Slightly, Revenue Dips
Daimler AG reported modestly higher net income and a dip in revenue in the third quarter as truck sales rose, but sales of Mercedes-Benz vehicles plunged.
October 29, 2021Amazon Stake in Rivian Disclosed as 20%
Amazon .com Inc. owns a 20% stake in electric vehicle maker Rivian Automotive Inc., the startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Oct. 29 in a securities filing.
October 29, 2021Volvo’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, 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, 2021GM Factory ZERO Grand Opening Event Marks Automaker's Growth in EV
General Motors will host the grand opening of Factory Zero in Detroit-Hamtramck next month to start building new electric vehicles, the automaker said Oct. 27.
October 28, 2021ATA Addresses Key Issues at MCE
NASHVILLE, Tenn. — Trucking industry leaders addressed key challenges including a worsening labor shortage and supply chain bottlenecks and looked forward to a long-sought win on infrastructure funding during American Trucking Associations’ 2021 Management Conference & Exhibition.
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, 2021C.H. Robinson Posts Large Q3 Profit, Revenue Gains
C.H. Robinson Worldwide posted third-quarter gains in profit and revenue as it benefited from tight freight capacity.
October 27, 2021